OLDFIELDS HOLDINGS LIMITED — Capital/Financing Update 2009

Jun 8, 2009

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OLDFIELDS HOLDINGS LIMITED

ACN: 000 307 988 PO BOX 1613, CAMPBELLTOWN NSW 2560 Telephone: 02 4627 0777 Facsimile: 02 46 27 0888

9[th] June 2009

Capital Management Update.

The company has reviewed its capital management strategy in view of the WFC (World Financial Crisis).

It has determined that it is prudent to further secure its Balance Sheet.

Rather than conduct a dilutive rights issue at a difficult time, the Company elected to borrow $1,000,000 from major shareholders for a two year period at an interest rate of 8%pa. The funds have now been received in full.

Gary J Guild. Company Secretary