Appendix 3C – Announcement of buy-back

Announcement of buy-back

The Board of the Company has for some time been concerned that the price of the Company’s shares on the stock market does not properly reflect the value of the Company’s assets. In accordance, we are pleased to announce a Share Buy-Back Scheme of up to 10% of the Company’s shares which the Company believes should increase the net asset backing per share, therefore providing a benefit to shareholders. Bell Potter Securities has been appointed to conduct the buy-back.

Ross Smyth-Kirk
Executive Chairman
Kingsgate Consolidated Limited

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