OLDFIELDS HOLDINGS LIMITED — Capital/Financing Update 2011

Apr 19, 2011

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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

20 April 2011

ASX Announcement – Sale of Asset

Oldfields Holdings has signed an unconditional contract for the sale of its property at 210 Beatty Road, Archerfield, Queensland to an undisclosed purchaser. The sale price is $1.7 million compared to a book value of $1.61 million. Cash from the sale will be directed to recapitalisation and debt reduction.

The sale is part of a strategy to reduce non-core asset holdings and focus on core business. Service delivery to customers will not be impacted by this transaction.

Julie Garland McLellan Chairman Oldfields Holdings Limited

For additional information please contact:

Robert Coleman Julie Garland McLellan Company Secretary Chairman Oldfields Holdings Limited Oldfields Holdings Limited Tel: 02 4627 0777 Tel: 02 4627 0777 Mob: 0418 411 710 Mob: 0411 262 470