corporate governance, page-4

..the impairment provision gets bigger...

***********************************************************

ASX ANNOUNCEMENT 26 September 2008
Indigo Pacific advises increase in provision for impairment at 30 June 2008 to $15.1 million
On 29 August 2008 Indigo Pacific advised that due to the nature of Indigo Pacific’s business
which is providing finance for development projects undertaken by Indigo Group, the directors of
Indigo Pacific constantly monitor the security and consider any possible impairment to the loan
facility.
The directors also advised that a number of the projects had been independently assessed and
this had confirmed that there was less than 1% impairment to the loan facility at 30 June 2008
assuming all projects reached completion in due course.
The directors decided that it would nevertheless be prudent in the economic climate to book a
provision for impairment of $5,105,000.
On further consideration and taking into account the further decline in the financial market since
August, the directors have decided to increase the provision for impairment to $15,105,000 at 30
June 2008.
The directors also advise that the outstanding interest payment of $3.3 million due by 30
November 2008 is now expected to be received by 15 October 2008.
Steve Mackay
Managing Director