ASX Announcement
18 July 2014

ASX: DSB Board of Directors

Gordon Galt - Chairman

Stephen Bizzaca - Managing

Director - CEO

Glyn Dawkins - Non Executive

Director

Geoff Garside - Executive Director

Company Secretary

Geoff Garside

Principal Contact

Stephen Bizzaca - Managing

Director - CEO

Phone: 02 4629 0300

Geoff Garside - Company Secretary

Phone: 02 4629 0300

Registered office Delta SBD Limited (ACN 127 894 893) Suite 220, Centric

4 Hyde Parade

Campbelltown NSW 2560

Telephone: 02 4629 0300

Facsimile: 02 4629 0399

Website: www.deltasbd.com.au

To : Australian Securities Exchange

Company Announcement

Debt Reduction Plan

As part of the company's ongoing debt reduction program Delta SBD Ltd advises shareholders that it intends to further reduce debt and improve cash flow by selling a number of pieces of equipment from the current longwall mobile fleet and mining equipment assets. The company will retain various assets for sustainable operations. Equipment will be sold via expressions of interest or auction in the current quarter.
Mr Gordon Galt, Delta SBD's Director and Chairman of the Board, commented: "The asset sale program is considered to be appropriate in the current market and is expected to result in a significant reduction of costs and improvement in cashflow. Outcomes from the sales will be advised progressively."
Yours Faithfully
Geoff Garside
Company Secretary

distributed by