On 25 August 2008, Alumina announced a pro-rata 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 5 new ordinary shares (New Shares) for every 19 existing ordinary shares they held at 7.00pm (AEST) on 29 August 2008 at a price of A$3.00 per New Share.

The Institutional Entitlement Offer and the Institutional Bookbuild components of the Entitlement Offer were conducted between 25 August 2008 and 29 August 2008.

The Retail Entitlement Offer component of the Entitlement Offer for eligible retail shareholders commenced on 1 September 2008 and closed on 19 September 2008.

The Entitlement Offer has now closed. Alumina raised approximately A$910 million under the Entitlement Offer, before expenses.

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 "US 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.

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.

Is your address (as recorded in Alumina's share register) outside Australia and New Zealand?

The State and postcode for my primary residence in Australia or New Zealand is:

Due to legal restrictions, access to this website is only available to residents of Australia or New Zealand from within Australia or New Zealand. In order to access this website, you must provide the State and postcode for your primary residential address within Australia or New Zealand.

Unfortunately, legal restrictions prevent us from allowing you access to this part of the website.

No action has been or is proposed to be taken to register or qualify the documents on this website, the Entitlement Offer or the New Shares in any jurisdiction outside Australia or New Zealand. The distribution of the documents on this website in jurisdictions outside Australia or New Zealand may be restricted by law and persons who access them should inform themselves of and comply with any such restrictions. The documents on this website must not be released or distributed in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Rule 902(k) of Regulation S under the United States Securities Act of 1933, as amended (US Securities Act)) (U.S. Person), or in any other place in which, or to any other person to whom, it would not be lawful to distribute or release these documents. 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.

By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:

1. you have read and understood, and you will comply with this notice;
2. you are not a U.S. Person nor are you acting for the account or benefit of a U.S. Person;
3. you will not make a copy of the Prospectus, the Supplementary Prospectus or any other documents relating to the Entitlement Offer available to, or distribute a copy of the Prospectus, the Supplementary Prospectus or any other such documents to, any U.S. Person or in the United States or in any other place in which, or to any other person to whom, it is unlawful to do so; and
4. the state, territory or province and postcode provided by you for your primary residence in Australia or New Zealand is true and accurate.

I agree to the above terms:

Unfortunately, legal restrictions prevent us from allowing you access to this website.

Alumina Entitlement Offer Prospectus

This is a link to an electronic copy of the Prospectus. This electronic copy does not contain an Entitlement and Acceptance Form, and applications for New Shares under the Entitlement Offer cannot be made under the electronic Prospectus.

Click here to download the Prospectus.

Replacement Entitlement and Acceptance Form

If you require a replacement of your personalised Entitlement and Acceptance Form, 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 7:00pm (AEST) during the period of the Retail Entitlement Offer.

You will be sent a replacement personalised Entitlement and Acceptance Form and a further copy of the Prospectus.

Other Entitlement Offer Documents

ASX Announcement - Capital Raising

ASX Announcement - Entitlement Offer

ASX Announcement - Entitlement Offer Presentation

ASX Announcement - Institutional Entitlement Offer and Bookbuild

Further Information

If you are an Alumina shareholder and you have any questions about your entitlement or whether you are eligible to participate in the 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 7:00pm (AEST) during the period of the Retail Entitlement Offer.

For information related to your shareholding in Alumina, contact Computershare - click here

Eligible Retail Shareholder

If you are an eligible retail shareholder, a copy of the Prospectus will have been sent to your registered mailing address by 4 September 2008. If you wish to change your mailing details please contact Computershare - click here