ORB Technology Limited / Compulsory Redemption

13 November 2007

AMOUNT PAYABLE ON REDEMPTION OF SHARES

The special general meeting held on 25 September 2007 instructed your directors to use their powers under Bye-Law 10 (6) to compulsorily redeem your shares and then wind up the company.  

Since the meeting, all assets of the fund have been converted to cash, and all expenses to date paid.  A small provision has been set aside to pay expenses which will be incurred on wind up of the company.

The amount payable to shareholders on redemption is 87.8297 cents per share.

The final amount payable to shareholders was adversely affected by the rising interest rates in Australia in September (largely due to the problems associated with the US sub prime mortgage market) which reduced the market value of the term deposit.  There was also an adverse affect on funds held in $US due to the strengthening Australian dollar in September.    

Amounts payable to shareholders will be paid by either direct credit or cheque, depending on your response to our request for instructions regarding the redemption payment.   We expect direct payments to be made on or by 14 November, and also expect to post cheques on 14 November.

A letter explaining the payment and confirming the amount credited will be sent to shareholders requesting a direct credit, and a letter will be sent with the cheque for all other shareholders.

Should you have any questions, please contact Ian Tan, Rachel Field or Nathalie Abreu at CGI Administrators.

Yours faithfully

Christopher J Ryan

Chairman