24 July 2012 ASX ANNOUNCEMENT Non-renounceable Rights Issue Shortfall Statement

The pro rata rights issued closed on 19 July 2012. Sherwin received acceptances for 31,810,475 shares, raising
$3,181,047.50.
The shortfall was 8,567,960 shares. Under the terms of the rights issue, the directors may place that shortfall within 2 months of the Opening Date, that is, by 4 Septemebr 2012.
As a result of the issue today of 31,810,475 shares, Sherwin has on issue a total of 718,228,908 shares. Brett Crowley
Company Secretary

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