PRL GLOBAL LTD — Major Shareholding Notification 2009

Mar 30, 2009

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31 March 2009

INCREASED STAKE IN PHOSPHATE RESOURCES

CI Resources Limited (ASX: CII) is pleased to announce that it has increased its stake in Phosphate Resources Limited (PRL) to 41.74%. CI Resources remains PRL’s largest shareholder.

The stake represents an increase of 2.97% to CI Resources holding in PRL since December 08. Under the creep provisions of the Corporations Act, CI Resources can acquire up to 3% of PRL in a six month period.

PRL is an unlisted public company which carries out phosphate mining on Christmas Island, where it has mined and exported phosphate since 1990. PRL is the biggest employer on Christmas Island.

CI Resources Chairman, Mr Clive Brown, said CI Resources would continue to examine ways to maximise shareholder value, including the potential to further increase the Company’s exposure to PRL as is considered appropriate by the Board and in accordance with the Corporations Act.

“Despite the current weak market conditions, the medium to long term outlook for phosphate and wider fertiliser demand remains excellent. An increased holding in PRL will stand CI Resources in good stead to benefit from this outlook,” continued Mr Brown.

-ENDS-

For further information, please contact:

Clive Brown Shane Murphy Chairman FD Third Person CI Resources Limited +61 8 9386 1233 +61 8 9485 7222 +61 (0)420 945 291 shane.murphy@fdthirdperson.com.au

CI Resources Limited ABN 70 006 788 754 PO Box 449, Belmont WA 6984 Telephone: +61 8 94857222