13 September 2005AUSTRALIAN STOCK EXCHANGE LIMITEDDear Sir /...

13 September 2005
AUSTRALIAN STOCK EXCHANGE LIMITED
Dear Sir / Madam
RE: PROFORMA FINAL REPORT – SIGNIFICANT FINANCIAL TURN-AROUND
The management of Tox Free is pleased to present the preliminary final report for the year ended
30 June 2005.
Following a change in management, a change in operational structure and a substantial capital
injection in the latter stages of calendar 2004, Tox Free has recorded a significant turn around in
financial performance.
The profit for the six months from 1 January 2005 to 30 June 2005 was $1,480,000 with EBITDA of
$1,958,000. This compared with a loss for the six months ended 31 December 2004 of $1,706,000
(after a one off write down in asset values of $1,287,000) with EBITDA of $325,000.
The profit for the six months ended 30 June 2005 of $1.48 million (being the first 6 months following
company restructuring) exceeded budget projections by over 100%.
As recently reported to the market the base case EBITDA projection for the 2005 / 2006 financial
year is $3,000,000 based on forecast sales of $8,000,000 (sales 2004 / 2005 were $6,700,000).
Yours faithfully
TOX FREE SOLUTIONS LIMITED