OLDFIELDS HOLDINGS LIMITED — Major Shareholding Notification 2008

Apr 29, 2008

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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

30[th] April 2008

Acquisition of Additional shares in China Brush Operations

Oldfields International Pty Ltd a 100% owned subsidiary of the company has received confirmation from the Chinese authorities that the company stakeholding in Tangshan Hengfeng Painting Accessories Co Limited has been registered to 47.5%.

Anthony Mankarios Chief Executive Officer