SAFEROADS HOLDINGS LIMITED — Earnings Release 2007

Feb 5, 2007

RELEASE TO AUSTRALIAN STOCK EXCHANGE

Tuesday 6 February 2007

SAFEROADS EXCEEDS FIRST HALF YEAR FORECAST

Following the Saferoads Holdings Limited Board meeting held today, 6 February 2007, the Directors advise that the Company's revenue for the first half of financial year 2006/07 exceeded the revenue of the previous corresponding period by 39%. Relative profit margins have been maintained.

In the 2006 annual report, the Directors targeted to increase revenue through organic growth by more than 15%, whilst maintaining relative profit margins. The Directors are confident that full financial year revenue and profit forecasts will be achieved.

The Company's T Loc concrete temporary barrier has begun to penetrate the Victorian and Oueensland markets and the customer base for this and other temporary barriers is broadening. The Company is also benefiting from increased government spending on road projects and, as reported earlier, has been successful in winning a contract in excess of $5 million on the East Link project in Victoria for roadside barriers, including the first application in Australia of our new wire rope safety barrier system.

We have a solid foundation of approximately $10 million in forward orders, taking us into the $2^{nd}$ half of the current financial year.

The Company has today submitted its Appendix 4D report to the ASX.

Darren Hotchkin Director

SAFEROADS HOLDINGS LIMITED ABN 81 116 668 538

PO Box 340, Drouin, Vic., Aestralia 3818 Phone: 1800 060 672 Fax: 1800 060 673 Web: www.saferbads.com.au