29 October 2007

Opus International Consultants Limited will commence trading on the New Zealand Stock Market at 11am tomorrow (30 October) following very strong support for its share offer from both institutional and retail investors, and also from Opus employees.

Opus International Consultants chairman, Basil Logan, said it was very pleasing that investors had shown widespread support for the Offer and Opus as a company.

Investors have shown strong confidence in Opus, seeing the shares as a solid investment that is backed by excellent growth opportunities.

The Board believes Opus has an excellent shareholder register, with institutional holdings from both Australia and New Zealand, and retail investor representation from New Zealand. This has been supported by a high level of staff shareholding from New Zealand, Australia, Canada and the United Kingdom.

Following the listing, Opus Berhad (formerly Opus International Group plc) will hold a 66% stake in the company, while employees and directors will hold 15% and new public shareholders will hold the remaining 19%. From the pool of new public shareholders, the final IPO allocation has resulted in a public share register that comprises 25% Australian institutional interests, 37% New Zealand institutional interests, and 38% retail investors

The institutional and retail broker pools were allocated at the start of the offer, and due to the high demand received, scaling was required. Opus increased the NZ$3m employee pool slightly to accommodate employee applications in full, and we are pleased that the employee response met our expectations, Mr Logan said.

Based on the Offer price of $1.65, Opus will have a market capitalisation of approximately NZ$224 million. The NZX ticker name for Opus will be OIC.

Opus Berhad has committed not to sell any of its stake within the next 16 months.

First NZ Capital was Lead Manager and Macquarie Securities was Co-Lead Manager for the Offer.