SAFEROADS HOLDINGS LIMITED — M&A Activity 2008

Mar 26, 2008

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27 March 2008

The Company Announcement Platform Australian Stock Exchange

Acquisition of Trans Tasman Engineering Ltd

The Directors of Saferoads Holdings Limited (ASX:SRH) advise that the Company has entered into an agreement for its wholly owned subsidiary Saferoads Pty Ltd to acquire its New Zealand distributor and the business of Trans Tasman Engineering Ltd. Trans Tasman Engineering Ltd is also the exclusive distributor in New Zealand for Quixote Corporation USA.

This will establish the Company’s direct representation in New Zealand and will trade as Saferoads NZ Ltd. This acquisition is an extension of the Company’s successful strategy of establishing regional based operations to promote organic growth.

Saferoads is the exclusive distributor in Australia of Quixote’s wide range of road safety products. Quixote will extend this exclusive distributorship to include New Zealand.

The Company will appoint a New Zealand Manager to drive the penetration of the New Zealand road safety products market.

The total purchase consideration is AU$130,000. The proposed completion date is 31 March 2008.

This acquisition fits with Saferoads’ strategic direction as a supplier and installer of road safety equipment.

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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