Stock Exchange announcement

14 Feb 2007

The result for the six months ended 31 December 2007, was an unaudited after tax profit of $8.57million. This compares with the $14.75 million recorded in the previous corresponding period in 2006.

This result includes an after tax provision of $1.57 million for costs associated with the Hurricane Wire Products business restructuring which will be completed in the second half of the financial year .

The Directors have declared an interim dividend of 9 cents per share, which will be paid on 31 March 2008 to holders of fully paid ordinary shares registered at 14 March 2008. The amount payable is $7.94 million. This dividend carries full imputation credits and a supplementary dividend of 1.588 cents will be paid to non resident shareholders.

D A Pritchard
Chairman of Board of Directors