SAFEROADS HOLDINGS LIMITED — Share Issue/Capital Change 2006

Nov 27, 2006

— saferoads —

RELEASE TO AUSTRALIAN STOCK EXCHANGE

PARTIAL EXPIRY OF VOLUNTARY SHARE ESCROW PERIOD

Saferoads Holdings Limited (ASX:SRH) announces that at the time of the initial public offering of shares in the Company on 13 December 2005, Darren John Hotchkin, Harold Gordon Hotchkin, Jennifer Ann Hotchkin, Duncan Francis Smith, Wayne Phillip Portelli and Jeffrey Stewart Herdman (collective Initial Shareholders and each an Initial Shareholder) entered into a voluntary restriction agreement in relation to their respective shareholdings.

The voluntary restrictions included an obligation to retain:

• at least 100% of the Shares in escrow until the first anniversary of the Listing; and
• at least 50% of such Shares for a further period of 6 months.

The Company wishes to note that the obligation on the Initial Shareholders to hold 100% of their shares in escrow has lapsed and accordinaly, up to 50% of the Shares held by each Initial Shareholder, will, subject to the Company's Share Trading Policy, be freely tradeable from 13 December 2006 onwards.

The number of shares to be released from escrow will be 5,750,000 ordinary shares fully paid.

Bill Cruickshank Company Secretary

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.saferbads.com.au