OLDFIELDS HOLDINGS LIMITED — Capital/Financing Update 2012

Dec 23, 2012

24[th] December 2012

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Completion of Rights Issue and Allotment of Securities Notice under Appendix 7A of the Listing Rules

The Directors of Oldfields Holdings Limited (“Oldfields”) ( ASX Code: OLH ) are pleased to announce the completion of the 1:1 non-renounceable Rights Issue (“Rights Issue”) and allotment of fully paid ordinary shares. Details of the Rights Issue which was announced by Oldfields on 26 October 2012 and closed on 14 December 2012 are attached in an Appendix 3B New Shares Issue Announcement.

The number of shares in the capital of the Company offered under the Rights Issue was 56,043,605 (“Offered Shares”). Valid applications were received for 26,132,593 Offered Shares (“New Shares”). The New Shares were allotted today on the 24 December 2012, and holding statements were dispatched today.

Oldfields advises that a shortfall of 29,911,012 shares still remain. The shortfall offer will close on Friday 11 January 2013.

Following the Rights Issue allotment, Oldfields will have a total of 82,176,198 ordinary shares.

For further information regarding this announcement contact:

Robert Coleman Company Secretary

Phone: 02 4645 0702 Email: robert.coleman@oldfields.com.au

Oldfields Holdings Limited ABN 92 000 307 988 8 Farrow Road Campbelltown NSW 2560 p: +612 4627 0777 f: +612 4627 0888

www.oldfields.com.au