PRL GLOBAL LTD — AGM Information 2011

Mar 14, 2011

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CI RESOURCES LIMITED

GENERAL MEETING

15[th] MARCH 2011 @ 10.00AM

CHAIRMAN’S ADDRESS AND PRESENTATION

I am now pleased to present to you today, the Chairman’s address to the shareholders of CI Resources Limited.

As all Shareholders are aware, CI Resources Limited (“CIR”)(”Company”) now owns 47.71% of Phosphate Resources Limited (“PRL”). PRL mines and exports phosphate from Christmas Island, which is primarily sold as raw materials for fertilizer production or as a direct application product to palm oil plantations.

PRL’s current mining tenure on Christmas Island expires in 2019 and the economic life of the mine is also nearing completion. Therefore, for PRL to continue building shareholder value, it must consider investment in alternative sustainable businesses.

As previously announced by the Company to ASX, PRL has recently sought additional mining leases on Christmas Island to extend phosphate export operations but was unsuccessful. Subsequently PRL has been considering alternative business opportunities, both through diversification of existing activities and extension of value into current industry sectors, to ensure its survival as a dividend producing entity after mining on Christmas Island ceases.

As announced by the Company to ASX on 14 December 2010 and in line with the stated intention of PRL to consider alternative business opportunities, PRL has entered into an agreement with Sendi Unik Sdn Bhd Malaysia (“Sendi Unik”), to acquire 100% of the issued capital of Cheekah-Kemayan Plantations Sdn Bhd. (“CKP”)

CI Resources Limited ABN 70 006 788 754 Postal address: PO Box 1346, Canning Bridge WA 6153 Telephone: +61 8 6310 5040

CKP is the owner of a producing palm oil plantation estate of approximately 4,000 acres in Pahang in Peninsular Malaysia and a mill and processing facility servicing its plantation as well as surrounding estates.

The Board of PRL has approved the execution of the Sale Contract for the acquisition of CKP from Sendi Unik, a company associated with the Prosper Group, which is a substantial shareholder of CIR, for RM (Malaysian Ringgit) 145million.

It is proposed that the management of the business will be provided by PGC Management Services Sdn Bhd, a company associated with the Prosper Group.

For the purposes of the Corporations Act and ASX Listing rules - PRL is a child entity of CIR. As the transaction is proposed between PRL, a child entity of CIR and Prosper Group, a Substantial Shareholder of CIR – Shareholders approval is required on two components of the transaction:

1. Firstly, the acquisition of a substantial asset – the Palm Oil Plantation.

2. Secondly, the entering of a Management Agreement – with a related party.

All the conditions disclosed in an ASX announcement released on 14 December 2010 have been fulfilled.

The Board of CIR is very supportive of the activities of PRL in this regard with a clear intent to increase shareholder value for both the short term and long term of the Company.

I note, that as disclosed in the Explanatory Statement – Shareholders related to this transaction are unable to vote on these resolutions.

The Independent Directors of the Board recommend Shareholders’ support of these resolutions.

This concludes my Chairman’s address.

CI Resources Limited ABN 70 006 788 754 Postal address: PO Box 1346, Canning Bridge WA 6153 Telephone: +61 8 6310 5040