LUDOWICI BOARD ANNOUNCES THE SPECIAL DIVIDEND

1 June 2012

Special Dividend

The Ludowici Limited Board announces that a fully franked special dividend of $0.45 per Ludowici share (Special Dividend) is to be paid subject to the Scheme being approved by the Court and the Scheme becoming effective.
If the Scheme is approved by the Court and implemented, based on the current timetable: