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extraordinary general meeting

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    DESTRA CORPORATION LIMITED (“Company”) gives notice that an Extraordinary General Meeting of the
    Company will be held at Beconwood Securities Pty Ltd, 5th Floor, Bank House, 11 Bank Place, Melbourne
    Victoria on Friday 30 June 2006 at 3.00 pm.
    SPECIAL BUSINESS
    1. Approval of prior issues of securities
    That the issues of shares and options by the Company in the period between the 2005 Annual
    General Meeting and this meeting and not yet approved by members be approved in accordance
    with ASX Listing Rule 7.4.2.
    2. Possible further issue of securities
    That the directors be authorised to issue up to 34,500,000 fully paid ordinary shares in the
    Company to a vendor or vendors of businesses acquired by the Company, in accordance with
    ASX Listing Rule 7.1.
    3. Executive Incentive Option Plan
    That the Company re-adopt the Executive Incentive Option Plan with minor amendments as set
    out in the Explanatory Memorandum to the notice of this meeting.
    4. Issue of Options to Chief Executive Officer (Domenic Carosa)
    That the shareholders grant the board of directors the authority to issue to the Chief Executive
    Officer of the Company, Mr Domenic Carosa, a total of up to 2,500,000 options to subscribe for a
    like number of fully paid ordinary shares in the capital of the Company at an exercise price equal
    to 15% above the volume weighted average price for the 60 days prior to the date of issue,
    provided that the board of directors exercise this discretion at any time between the date of this
    meeting and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
    accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
    vest at the issue date.
    5. Issue of Options to Chairman (Carl Olsen)
    That the shareholders grant the board of directors the authority to issue to the Chairman of the
    Company, Mr Carl Olsen, a total of up to 1,500,000 options to subscribe for a like number of fully
    paid ordinary shares in the capital of the Company at an exercise price equal to 15% above the
    volume weighted average price for the 60 days prior to the date of issue, provided that the board
    of directors exercise this discretion at any time between the date of this meeting and 30
    September 2006 (inclusive) and subject to the Terms and Conditions of Options accompanying
    the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options vest at the
    issue date.
    2
    6. Issue of Options to non-executive Director (Neville Christie)
    That the shareholders grant the board of directors the authority to issue to the non-executive
    Director of the Company, Mr Neville Christie, a total of up to 1,500,000 options to subscribe for a
    like number of fully paid ordinary shares in the capital of the Company at an exercise price equal
    to 15% above the volume weighted average price for the 60 days prior to the date of issue,
    provided that the board of directors exercise this discretion at any time between the date of this
    meeting and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
    accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
    vest at the issue date.
    7. Issue of Options to non-executive Director (Paul Choiselat)
    That the shareholders grant the board of directors the authority to issue to the non-executive
    Director of the Company, Mr Paul Choiselat, a total of up to 1,000,000 options to subscribe for a
    like number of fully paid ordinary shares in the capital of the Company at an exercise price equal
    to 15% above the volume weighted average price for the 60 days prior to the date of issue,
    provided that the board of directors exercise this discretion at any time between the date of this
    meeting and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
    accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
    vest at the issue date.
    8. Issue of Options to non-executive Director (Joshua Landau)
    That the shareholders grant the board of directors the authority to issue to the non-executive
    Director of the Company, Mr Jim Landau, a total of up to 1,000,000 options to subscribe for a like
    number of fully paid ordinary shares in the capital of the Company at an exercise price equal to
    15% above the volume weighted average price for the 60 days prior to the date of issue, provided
    that the board of directors exercise this discretion at any time between the date of this meeting
    and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
    accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
    vest at the issue date.
    9. Other business
    To consider any other business brought forward in accordance with the Company's constitution or
    the law.
    By order of the Board
    Richard Wingrove
    Company Secretary
    Date: 24 May 2006
 
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