SAFEROADS HOLDINGS LIMITED — M&A Activity 2008

May 15, 2008

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ABN: 81 116 668 538

LOT 8 WEERONG Rd Drouin Vic 3818 Ph 03 5625 6600; Fax 03 5625 4986

16 May 2008

The Company Announcement Platform Australian Stock Exchange

Completion of Acquisition

Saferoads Holdings Limited (ASX:SRH) is pleased to announce that it has completed the acquisition of the Guardrail Installations assets from Traffic Technologies Ltd (ASX:TTI)

Notice of acquisition was announced to the market on 12 May 2008.

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Darren Hotchkin Managing Director

SAFEROADS HOLDINGS LIMITED

ABN 81 116 668 538

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