foreign shareholders

received following for FOREIGN SHAREHOLDERS
July 20, 2007
Dear Shareholder,
RENOUNCEABLE 1:4 RIGHTS ISSUE (“ISSUE”)
- RECORD DATE : 20 JULY 2007
- RIGHTS TRADING COMMENCES : 16 JULY 2007
- RIGHTS TRADING CLOSES : 31 JULY 2007
Solco Limited’s prospectus for the Issue is dated 5 July 2007 and has been lodged with both ASIC
and ASX. A copy of the prospectus may be viewed on
www.solco.com.au/investors/announcements/prospectus.
Solco has a significant number of Foreign shareholders and wishes to ensure that they have the
maximum opportunity to participate in the rights issue where it is allowed under the ASX Listing Rules
and Corporations Act and to derive some benefit where they are precluded from the rights issues
under the regulatory framework.
Solco’s Foreign shareholders generally fall into one of two categories:
1. Foreign Shareholders registered with overseas addresses on the Solco Australian Share
Register managed by Computershare. Under the regulations, these foreign shareholders are
not able to participate in the rights issue. However arrangements have been made for the
rights of such Foreign Shareholders to be traded and any funds obtained will be remitted as
explained below
2. Foreign Shareholders who hold their shares through a nominee company with an Australian
address on the Solco Australian Share Register managed by Computershare. These Foreign
shareholders can only participate in the rights issue if they properly instruct the Australian
domiciled nominee company holding the shares on their behalf to accept their entitlement to
shares and provide the necessary funds through that channel. This option is explained in
detail below.
Foreign Shareholders registered with overseas addresses on the Solco Australian Share
Register
Although the Issue prospectus will only be made available to shareholders at the Record Date with
registered addresses in Australia and New Zealand, Solco has appointed:
 Zenix Nominees Pty Ltd (a related entity to Hartleys Limited stockbrokers) of Level 6, 141 St
George’s Terrace, Perth, Western Australia.
o Phone : 61 8 9268 2888
o Fax : 61 8 9268 2800
o Attention: Talena Maes
to facilitate the sale of rights under the Issue for the benefit of foreign registered shareholders, in
accordance with ASX Listing Rule and Corporations Act requirements.
The net proceeds of the sale of the Rights (if any) after deducting all costs involved in the sale
process and subsequent distribution of such proceeds, will be distributed in Australian dollars to
overseas Shareholders for whose benefit the Rights have been sold in proportion to their
shareholdings as at the Record Date, save that individual amounts of less than $10.00 will be retained
by the Company.
Once the period of rights trading has passed either the Share Registry or the Company will remit
funds to the addresses held on the data base. Full details of these arrangements are set forth in the
Issue prospectus.
In this manner foreign registered shareholders may gain the benefit in value of the rights attaching to
their shares if there is an active market in the trading of such rights.
If you are a foreign registered shareholder at the Record Date you may care to contact Zenix
Nominees Pty Ltd (as above) or Solco Limited to ensure that your entitlement to participate in any
trading of rights attaching to your shares is registered.
If you are a foreign registered shareholder at the Record Date you may wish to make sure all details
are correct by contacting Solco Ltd’s Share Registry:
 Computershare Investor Services Pty Ltd, GPO Box D182, Perth, Western Australia.
Telephone – 61 3 9415 4000 Fax – 61 8 9323 2033 www.computershare.com
Foreign Shareholders who hold their shares through a nominee company with an Australian
address on the Solco Australian Share Register
If shares are held through an Australian registered nominee company or intermediary, then the
beneficial foreign shareholder is treated as an Australian shareholder under the regulatory framework.
In this case, the Australian domiciled nominee companies will receive a prospectus and an application
form from Solco. Generally they will promptly forward all the details to the foreign based nominee or
intermediary acting on behalf of a foreign shareholder to enable them to consider or further process
such an offer. These foreign based entities may or may not forward the information in a timely manner
to the beneficial owner of the shares to enable them to provide the necessary instruction back through
the chain the Australian domiciled nominee company.
You may wish to contact your nominee company or intermediary through whom you deal to get them
to obtain details of the offer from the Australian domiciled nominee company in whose name your
shares are registered in Australia. Once you have the offer through the appropriate channels you will
be able give your instructions as to how you wish them to deal with the offer to participate in that
rights issue outlined in the prospectus.
The largest of the Australian domiciled nominee companies holding Solco shares on behalf of foreign
shareholders is ANZ Nominees. You may wish to contact Jeremy Duggan who is Announcements
Manager with ANZ Nominees in Melbourne , Australia to ascertain whether the foreign intermediary
through which you deal has been sent a prospectus and application form. Mr. Duggan’s contact
details are [email protected] and his phone number is 03 9273 6466.
I trust this information will assist you to be able to participate or otherwise obtain benefit from the
rights issue by the Company. We thank you for your support.
Yours faithfully,
John Beech
Company Secretary