ann- rights issue

OBJ Limited (ASX: OBJ) confirms that the Prospectus dated 21 December 2009 for the

non]renounceable entitlement issue closed on Thursday, 21 January 2010. The

company received overwhelming support and is encouraged by the level of shortfall

applications received. The shortfall will be directed to the underwriter Novus Capital

Ltd who, in consultation with the Company, will allocate the shortfall in accordance with

the provisions of the Underwriting Agreement.

In summary, the Company advises that the total number of shares taken up via the

entitlement issue was 74,047,027 ($1,703,081.62) leaving a shortfall of 33,072,967

($760,678.24). Total applications received were for 248 m shares ($5.710 m).

The Directors of OBJ thank shareholders for their continued support.

John J Palermo

Company Secretary