ASX  Announcement   Trading  Update  -  September  Quarter  2012  

Oldfields Holdings Limited (OLH) is pleased to provide a trading update on its 1stquarter
performance for FY13.

Unaudited group revenue for the quarter was $7.3M, compared to $7.7M in the prior year (down
5%), unaudited EBITDA is $393K compared to $268K in the prior period (Up 46%).

Revenue in the consumer division is flat, with the Paint Applications category above prior year and the Storage category below, whilst revenue from the scaffolding division is 8% below prior year, due to continued weakness in the construction sector and a large order fulfilled in September
2011 which has not been repeated.

Improvements in profitability have been driven by a structured cost savings program, which includes both product cost savings and general overheads. In FY12, significant cost savings were achieved and this year the business is targeting further savings of $900K, some of these savings will be used to fund targeted organic growth opportunities.

1st  Quarter  

$000's   FY12   FY13  

Revenue

7,662

7,282

EBITDA

268

393



The Directors expect EBITDA in FY13 to show significant improvement on prior year.

Contact

Chris Giles Robert Coleman
Chief Executive Officer Chief Financial Officer
+ 61 2 4645-­