PRL GLOBAL LTD — Capital/Financing Update 2011

May 2, 2011

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3[rd] May 2011

Company Announcements Platform Australian Securities Exchange Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

PHOSPHATE RESOURCES LIMITED ANNOUNCEMENT

CI Resources Limited (ASX code: CII) is pleased to announce that the Board of Phosphate Resources Limited (“PRL”), in which CI Resources Limited holds a 47.71% stake, has advised that they have completed the acquisition of Cheekah – Kemayan Plantations Sdn Bhd on 30 April 2011 with effect from 1 May 2011.

The plantation and mill operations will be conducted for PRL by the Prosper Group under a management contract with PGC Management Services Sdn Bhd.

The acquisition costing RM145million was financed by a term loan of USD30million from OCBC Malaysia and the balance via internal funds from PRL.

The Board of CI Resources Limited is supportive of the activities of PRL in this regard, with the clear intent to increase shareholders value through profits and capital growth for the company.

Please see the attached disclosure notice by PRL.

David Somerville Non Executive Chairman

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

Form 1003

Disclosure notice for unlisted disclosing entity

ANNEXURE A

Phosphate Resources Ltd

Acquisition of Palm Oil Operation

The Board advises that they have completed the acquisition of Cheekah – Kemayan Plantations Sdn Bhd on 30 April 2011 with effect from 1 May 2011.

The plantation and mill operations will be conducted for PRL by the Prosper Group under a management contract with PGC Management Services Sdn Bhd.

The acquisition costing RM 145 million was financed by a term loan of USD 30 million from OCBC Malaysia and the balance provided from internal funds.

The Board is confident that even on conservative pricing projections the producing palm oil plantation estate of 4,060 acres in Pahang in peninsular Malaysia and the mill and processing facility servicing the estate and surrounding estates will provide a very satisfactory rate of return on investment on an ongoing basis.

The Board will continue to review other investment opportunities to ensure capital growth of the company and continuing cash returns so that it can maintain its dividend producing capacity beyond its mining operations on Christmas Island.

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Kevin Edwards Company Secretary 2 May 2011