Alumina Limited

2009 Entitlement Offer

On 30 April 2009, Alumina announced an accelerated pro-rata non-renounceable entitlement offer of fully paid ordinary shares in Alumina to certain eligible shareholders (Entitlement Offer). Under the Entitlement Offer, eligible shareholders are invited to subscribe for 7 new ordinary shares (New Shares) for every 10 existing ordinary shares they held at 7.00pm (Melbourne time) on 5 May 2009 at a price of A$1.00 per New Share. In addition, eligible shareholders who take up their full entitlement will be able to apply for additional New Shares at the same price, although there is no assurance that they will be issued any of those New Shares.

The institutional component of the Entitlement Offer (Institutional Entitlement Offer) was conducted between 30 April 2009 and 1 May 2009 for eligible institutional shareholders.

The retail component of the Entitlement Offer (Retail Entitlement Offer) commenced on 6 May 2009 and will close on 25 May 2009 at 5.00pm (Melbourne time) for eligible retail shareholders.

Alumina raised approximately $741 million under the fully underwritten Institutional Entitlement Offer. The Retail Entitlement Offer could raise a further amount of up to approximately $280.9 million, dependent on retail take-up.

Full details of the Entitlement Offer are set out in the Alumina Entitlement Offer Prospectus (Prospectus) which is being made available to eligible retail shareholders when offers are made under the Retail Entitlement Offer. The Prospectus was lodged with the Australian Securities and Investments Commission (ASIC) on 30 April 2009. A supplementary prospectus (Supplementary Prospectus) was lodged with ASIC on 4 May 2009. Any eligible retail shareholder who wishes to acquire New Shares under the Retail Entitlement Offer will need to complete, or otherwise apply in accordance with, the personalised Entitlement and Acceptance Form that will be in or will accompany the Prospectus, and should consider the Prospectus and Supplementary Prospectus in deciding whether or not to subscribe for New Shares.

Neither the entitlements under the Entitlement Offer nor the New Shares have been, or will be, registered under the United States Securities Act of 1933, as amended (US Securities Act) or the securities laws of any state or other jurisdiction of the United States. The entitlements under the Entitlement Offer may not be taken up by persons in the United States or by, or for the account or benefit of, a "U.S. person" (as defined in Rule 902(k) of Regulation S under the US Securities Act) (U.S. Person), and the New Shares may not be offered, sold or resold in the United States or to, or for the account or benefit of, a U.S. Person, except in transactions exempt from the registration requirements of the US Securities Act in reliance on Regulation S thereunder.

Click here to view the Prospectus, Supplementary Prospectus, ASX Announcements and Investor Presentation Slide Pack.

If you are an Alumina shareholder and you have any questions about your entitlement or whether you are eligible to participate in the Retail Entitlement Offer, please call the Alumina Limited Shareholder Information Line on:

  • 1 300 556 050 (within Australia)
  • +61 3 9415 4027 (from any other country)

The Alumina Limited Shareholder Information Line will be open from 8:30am to 5:00pm (Melbourne time) during the period of the Retail Entitlement Offer.

Note: The provision of this document is not, and should not be considered as, financial product advice. The information in this document is general only and does not take into account your individual objectives, taxation position, financial situation or needs. Before acting on the information, you should consider the appropriateness of the information, having regard to your objectives, taxation position, financial situation or needs.