RAIDEN RESOURCES LIMITED — Capital/Financing Update 2008

Aug 26, 2008

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SHELL

VILLAGES AND RESORTS LIMITED

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27[th] August 2008

Company Announcements Office Australian Stock Exchange Limited SYDNEY NSW 2000

Dear Shareholder

Shell Villages and Resorts Limited (ASX:SVC) is very pleased to announce the sale of the Hunter Valley Village ‘Shell Villages and Resorts Hunter Valley”. The sale price of $3,750,000 represents a very positive result for SVC which we anticipate settling on the 1[st] September 2008.

SVC purchased the Hunter Valley Village back in May 07 for $3.1 million and the board and management of The Company is very pleased with sale result. The proceeds from the Hunter Valley sale is being primarily used to reduce existing company debt.

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Lynn Thompson

COMPANY SECRETARY