OLDFIELDS HOLDINGS LIMITED — Capital/Financing Update 2010

May 12, 2010

13[th] May 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

4,348,660 Shares were applied for under Shareholder Entitlements. A further 30,634 Shortfall Shares were applied for by Shareholders. A total of 4,379,284 Shares will be despatched to Shareholders on Friday, 14[th] May 2010. Normal trading will resume on Monday, 17[th] May 2010.

The company advises that the remainder Shortfall Shares total 5,067,308.

Robert Coleman Company Secretary Ph: 02 4645 0702