Aluworks Limited

NOTICE is hereby given that the 26th Annual General Meeting of the Shareholders of Aluworks Limited will be held at the Fiesta Royale Hotel, Dzowurlu, Accra (next to the Nestlé Head Office building) on Thursday June 6, 2013 at 10 O’clock in the forenoon to transact the following ordinary business:

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

This Offering Circular (the “Circular”) has been sent to all Aluworks (ALW) Limited shareholders on the register of members as at February 14, 2013. If you have sold or otherwise transferred all your shares in ALW Limited, please send this Circular as soon as possible to the purchaser or transferee, or to the stockbroker or other agent through whom the sale or transfer was effected for delivery to the purchaser or transferee.

Anyone who has been reading the business pages of our local newspapers over the last few years or been listening to the business programmes on the main FM stations, must be aware of the very difficult circumstances in which many of our manufacturing companies have been operating, with Aluworks Limited as a particular case in point.

Aluworks Limited 2011 Annual General Meeting - Fiesta Royal Hotel Accra on 5th July 2012

CHAIRMAN’S STATEMENT

Fellow shareholders, distinguished guests, ladies and gentlemen, it is my singular honour to welcome you once again to this 25th Annual General Meeting of our company.

I am also privileged to present the 2011 Annual Financial Statements to you.

Ghana is drifting inexorably towards December 2012 when the next general elections will be held to ascertain who will lead this country into the future as the President and as the majority party. That will certainly come about and hopefully peacefully. I cannot wait for that process to be over so that we can begin to seriously tackle the significant difficulties which are about to befall our future, which because of these same elections have been put by all onto the proverbial back burner.

Remedial measures for this situation that is plaguing our country (and indeed West Africa) are extremely important to implement. Simply because the situation seriously threatens the continued existence of manufacturing industry in Ghana.  The Textiles, the Printing, and now the Aluminium industries are already threatened and in danger of folding up, and laying its workers off. Some FMCG companies have also complained about cheap and shoddy goods threatening their livelihood.