OLDFIELDS HOLDINGS LIMITED — AGM Information 2008

Nov 24, 2008

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ASX Announcement

25[th] November 2008

OLDFIELDS HOLDINGS LIMITED Minutes of the 49[th] ANNUAL GENERAL MEETING of OLDFIELDS HOLDINGS LIMITED held at the Registered Office of the company, 8 Farrow Road, Campbelltown, NSW, at 4.30pm on Friday 21[st] November 2008.

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PRESENT : J R WESTWOOD CHAIRMAN A MANKARIOS CHIEF EXECUTIVE OFFICER C C HEXT NON-EXECUTIVE DIRECTOR T D J LOVE NON-EXECUTIVE DIRECTOR G J GUILD COMPANY SECRETARY ATTENDEES : 7 Shareholders As per Attendance Register. 1 Auditor HALL CHADWICK ASSOCIATE, G WEBB APOLOGIES : D KENNY HALL CHADWICK AUDIT PARTNER SHAREHOLDERS : R TITMAN A LEONG G DEBONO T ROFE

MEETING OPENED :

The Chairman declared the meeting open at 4.31 PM, with a Quorum of Members present, thanked the Members for their attendance and confirmed that all present had signed the Attendance Register.

CHAIRMAN’S ADDRESS :

Our Chairman, Mr. J R Westwood, addressed the meeting commenting on the Company’s strategy going forward. Mr. Westwood assured Shareholders that the Board remains focused in achieving the best possible future outcome for the company and its employees.

CEO/MANAGING DIRECTOR’S REPORT :

Our Managing Director, Mr. A Mankarios, addressed his fellow Shareholders on events at our company during the 2008 Year, particularly the 2008 results and our plans for the coming year. He reinforced the Chairman’s Address reflecting on the company’s increased 2008 Consolidated Revenue as outlined in his report which was released to the ASX on Friday, 21st November, 2008, immediately following the AGM and detailed in the Company’s 49[th] Annual Report already circulated to Shareholders, a copy of which is held in our files.

There were no questions from the floor of the meeting at this point of time.

NOTICE OF MEETING :

IT WAS RESOLVED that the Notice of Meeting forming part of the 49[th] Annual Report previously circulated to members be taken as read.

MINUTES OF THE 2007 ANNUAL GENERAL MEETING

The Chairman advised the Meeting that the Minutes of the 48[th] Annual General Meeting held on Wednesday, 28[th] November, 2007 at 4.30PM were available for Shareholders’ perusal and copies were available at this meeting and had been circulated to attendees.

The minutes were taken as read.

AGENDA ITEMS FOR RESOLUTION AS PER NOTICE OF ANNUAL GENERAL MEETING Total number of issued shares at date of 2008 AGM : 14,270,684. Number of shares held by attendees and proxies held by Chairman : 9,952,982 representing : 69.74% of the Company’s Issued Capital.

1. ADOPTION OF FINANCIAL REPORT The Chairman moved that the 49th Annual Report with the Directors and Auditors Reports therein for the Year Ended 30[th] June, 2008 be received as read.

After some discussion from the floor, the Chairman then moved the vote and IT WAS RESOLVED that the Annual Report containing the Statements of Financial Performance, Financial Position, Cash Flows and Notes to the Financial Statements, together with the Directors’ and Auditor’s Reports be adopted. Moved by James Toland. Seconded by Kerry Andrew-Jones. Carried unanimously.

2. DIRECTORS

The Chairman thanked Mr Tom Love who had previously reached Board Retirement Age for his great ongoing contribution to the development of the company over many, many years through various long and several difficult times and his sincere determination to see the company develop in accordance with the current Board’s vision.

IT WAS RESOLVED that Mr Tom Love be re-elected as a Director for a further period of 1 year in accordance with the Company’s Constitution and Listing Rule 14.4. Moved by Paul Camillos. Seconded by Kerry Andrew-Jones. Carried on show of hands.

3. REMUNERATION REPORT : INCREASE IN REMUNERATION OF DIRECTORS The Chairman raised the matter of the Company’s Directors’ Remuneration Report and that it should be adopted

Moved by Kerry Andrew-Jones. Seconded by Paul Camillos. Carried unanimously.

GENERAL BUSINESS :

The Chairman invited questions from members at the meeting. Several questions were put to the Board by shareholders and answered.

CLOSURE :

The Chairman then asked the meeting for any further business which members wished to raise in accordance with the Constitution or any further questions.

There being no further matters raised, the Chairman again thanked the Members for their attendance and declared the Meeting closed at 4.55pm.

Oldfields Holdings represents a diverse group of business units that export around the globe, including: ◼ Paint Application & storage products ◼ Aluminium Scaffolding (Australia's leading supplier)

◼ Treco garden sheds ◼ H & O Products household & personal care brands

For further information please contact: Fiona Standing Executive PA . Direct line: 0246 450703

8 Farrow Road, Campbelltown NSW 2560 ◼ Phone: 46270777 Fax: 46270888 ◼ www.oldfields.com.au