Appointment of Financial Advisor

• CIMB to act as sole Financial Advisor
• CIMB Group investment banking arm is emerging as the largest Asia Pacific-based investment bank in the region
• An important milestone for Tellus in moving forward with its strategic plans

Tellus Holdings Ltd (“Tellus”) is pleased to announce that it has appointed CIMB Corporate Finance (Australia) Limited (“CIMB”) to provide investment banking services. CIMB has been appointed as sole financial advisor to provide general financial and strategic advisory services.

Commenting on the appointment, Tellus’ Managing Director Mr Duncan van der Merwe said, “Tellus is pleased to be working with CIMB for the further development of its mining projects. CIMB Group is one of ASEAN’s leading universal banking groups and the Group’s investment banking arm is emerging as the largest Asia Pacific- based investment bank in the region.”

Tellus would like to thank Driftwood Capital for assisting Tellus with the early stage seed rounds that helped fund the successful pre-feasibility study for the Chandler Salt Mine Project.

The appointment of CIMB represents an important milestone for Tellus in moving forward with the strategic plans for the next 12-18 months, including the expected completion of the definitive feasibility study for the Chandler Salt Mine Project.

Tellus will provide updates on the strategic progress as appropriate.

CIMB Group is one of ASEAN’s leading universal banking groups. Headquartered in Kuala Lumpur, CIMB Group is listed on Bursa Malaysia with a market capitalisation of approximately USD18 billion as at 30 September 2012. The Group has market presence in 18 countries and employs over 43,000 employees globally.

CIMB Group operates its business through three main brand entities: CIMB Investment Bank, CIMB Bank and CIMB Islamic. The Group’s investment banking arm is also emerging as the largest Asia Pacific-based investment bank following its recently announced acquisition of Royal Bank of Scotland’s (RBS) Asia Pacific investment banking and cash equities operations. The acquisition involving the migration of selected RBS staff, assets and client mandates to CIMB Group decisively transforms its investment banking business.

Tellus Holdings Pty Ltd (“Tellus”) is an Australian-owned mining company adding value to underground rock salt. Tellus is the parent of a group of companies involved in the mining, processing and sale of industrial and edible salts, fertilisers and minerals. Potential complementary businesses include storage in voids created by mining and warehouse storage.

Visit: www.tellusholdings.com.au or contact:
Duncan van der Merwe, Managing Director Tel: +61 (0)2 9241-7678
Jane Munday, Michels Warren Munday on Mob: +61 (0)427 880 083