OLDFIELDS HOLDINGS LIMITED — Capital/Financing Update 2009

Feb 5, 2009

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A.B.N. 92 000 307 988

ASX Announcement

6 February 2009

Adelaide Scaffold Solutions Pty Limited

Oldfields Access Pty Limited, a 100% owned Subsidiary, has sold 5% of its existing shareholding of 75% in Adelaide Scaffold Solutions Pty Limited to Sibley Investments Pty Ltd for the sum of $AUD 174,100.00.

This reduces Oldfields Access Pty Limited shareholding in Adelaide Scaffold Solutions Pty Limited to 70% and increases Sibley Investments Pty Ltd shareholding to 30%.

This agreement was completed in late December 2008, and funds have now been paid into the Group’s Bank Accounts.

The Company is expected to post its audited Half Year Accounts in late February 2009.

There are no material asset impairment issues that the company is aware of at this time.

Anthony Mankarios Chief Executive Officer

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