TIVAN LIMITED — Major Shareholding Notification 2008

Apr 14, 2008

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15 April 2008

OPES PRIME UPDATE

The Directors of TNG Ltd (TNG) disclose the following update regarding its enquiries into shareholdings and the beneficial ownership of such shares as a result of transactions entered into between Opes Prime and its customers.

Following the information received from Mr Salvatore Algeri, Receiver and Manager on behalf of Opes Prime, on 3 April 2008, the Company requested the Receiver to confirm the beneficial ownership of the TNG shares as advised.

On 11 April 2008 the Company received a letter from lawyers acting for the Receiver stating that Opes Prime did not hold any securities in TNG.

The Company has now sent a similar request to ANZ (Australia and New Zealand Banking Group) and confirms that at no point has it received a substantial shareholding notice in relation to this holding.

Yours faithfully TNG LIMITED

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DAMIAN DELANEY Company Secretary