Press Release

Incitec Fertilizers Limited have listed a Redeemable Preference Share on the Newcastle Stock Exchange (NSX Code: IFRHA). Scott Evans, General Manager of the Newcastle Stock Exchange said that “ … the issue is a significant milestone in the evolution of the Exchange. The security was issued by Incitec Fertilizers Limited a wholely owned subsidiary of Incitec Pivot Limited. The capital raising of $55 million preference shares was underwritten by Westpac Institutional Bank. This shows great support for the concept of the NSX by institutions.” The market capitalisation of the exchange has risen to $82 million, with 13 securities trading and 7 issuers. The NSX currently has seven securities seeking quotation including the NSX’s first property trust, Quantum Property Trust No. 9. For Further Information please contact Scott Evans, General Manager or the see NSX website. Scott Evans General Manager Ph 02 4929 6377 Website: http://https://www.nsx.com.au