GMA GARNET GROUP

Announcement
3rd December 2007
Perth, Australia

GMA GARNET WINNER OF AUSTRALIAN MINERALS AND ENERGY EXPORT AWARD 2007

We are very pleased to announce that GMA Garnet was announced as winner of the prestigious Australian Minerals and Energy Export Award 2007.

Given the importance of exporting to the Australian economy, the objectives of the awards are to showcase Australia’s top exporters, to promote them as role models, and to encourage other Australian businesses to strive for success in world markets. The 2007 Australian Export Awards (AEA) recognise Australian businesses for excellence and achievement in exporting. The program rewards and profiles the `best of the best` enterprises in exporting around the nation. Now in its 45th year, the AEA have earned the reputation throughout the Australian business community as one of the most prestigious and significant industry awards on the business calendar.

Previous category winners includes Rio Tinto Iron Ore, Hamersley Iron Pty Limited and Robe River Mining Company Ptd.

GMA Garnet is market leader for industrial garnet abrasives that includes sand-blast and high pressure water jet cutting applications. The company mines and processes industrial garnet in the Mid-West of Western Australia, and distributes worldwide. GMA has pioneered the development of industrial recycling of used garnet and operates garnet re-processing plants in Europe and the Middle East.

Yours sincerely,

GMA GARNET GROUP

Torsten Ketelsen
Group Managing Director