ORCODA LIMITED — Capital/Financing Update 2009

Sep 23, 2009

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24[th] September 2009

Company Announcements Office The Australian Stock Exchange Limited

Total: 1 Page

FOR IMMEDIATE RELEASE

Intended Rights Issue

SmartTrans Holdings Limited (ASX:SMA) intends to raise equity funds by way of a pro rata non-renounceable Rights Issue (on terms, including price and ratio, yet to be determined) before 31 December 2009.

Further details will be advised in due course.

_______________________________ For further information contact:

James Laurie Director SmartTrans Holdings Limited 08 9228 1199