Orica Limited · ASX:ORI

Orica — Merger or Acquisition (April 2008)

5 slides from Orica's merger presentation, Apr 24, 2008

1. Slide 1: Orica Nanling Joint Venture

   For personal use only Orica Nanling Joint Venture April 2008

2. Slide 2: Transaction overview

   For personal use only Transaction overview ƒ Orica has agreed to enter into a Joint Venture (JV) with Nanling – Nanling is a leading provider of explosives to the Chinese infrastructure and construction sectors ƒ Orica will hold a 51% share of the JV – Will be funded from existing debt facilities –

3. Slide 3: Opportunity overview

   For personal use only Opportunity overview ƒ Market leader − Nanling is a leader in the supply of explosives and related products to the Chinese infrastructure and construction market ƒ Enhanced product offering – Benefit from Orica’s proprietary global leading technology – New purpose built state o

4. Slide 4: Strategic rationale

   For personal use only Strategic rationale Strong link for both Orica Mining Base for further expansion in China Services (OMS) and Nanling ƒ Opportunity to expand further into the ƒ Both have significant explosives Chinese market expertise ƒ Further potential acquisition or greenfield ƒ Nanling has

5. Slide 5: Disclaimer

   For personal use only Disclaimer This presentation has been prepared by Orica Limited. The information contained in this presentation is for informational purposes only. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the

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