Highlights from Aluworks (ALW)'s Annual Report - Chairman's Statement

•  The company reduced its net LOSS before tax from GHC 3.35 million in 2011 to GHC 2.33 million in 2012. Due to the loss, no dividend will be paid.

• The recent rights issue to raise additional capital was not too successful. The company could not raise the exact amount it needed to carry out the planned projects. Another right issue should thus be expected.

• The main challenge to the company's future prospects is the onslaught of the Ghanaian aluminium market by Chinese products. The company is counting on government to impose necessary countervailing measures.

ALUWORKS LIMITED, (ALW) ANNOUNCES RENOUNCEABLE RIGHTS OFFER: - DETAILS.

Press Release:
QUALIFYING DATE AND CLOSURE OF REGISTER OF MEMBERS FOR RIGHTS OFFER

Aluworks Limited (ALW) is pleased to announce a Renounceable Rights Offer (Offer) of  600 million
ordinary shares of no par value at GH¢0.05 per share to qualifying shareholders. The Offer will be made in
a ratio of  6.5181 new shares for every 1 existing share held. The Offer was approved at ALW’s Annual
General Meeting held on Thursday, July 5, 2012.
Pursuant to section 34 of the Companies Code 1963 (Act 179) and the Ghana Stock Exchange Listing
Rules, the Register of Members of ALW will be closed to the general public from Friday, February 15,
2013 to Tuesday, February 19, 2013  (both dates inclusive).