OLDFIELDS HOLDINGS LIMITED — Capital/Financing Update 2010

Nov 15, 2010

16[th] November 2010

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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

ASX Announcement – Rights Issue Update

A total of 13,284,107 shares were applied for under Shareholder Entitlements. These shares have been despatched to Shareholders today, Tuesday 16[th] November 2010. Normal trading will resume on Wednesday 17[th] November 2010.

The company advises that a shortfall of 19,449,746 shares still remains.

Robert Coleman Company Secretary