Aluworks Limited

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.

1.1     Legal Basis for the Rights Issue

The Shareholders of ALW Limited, at its 25th Annual General Meeting held on Thursday, July 5, 2012 passed the following Special Resolutions:-
That the Company as part of its process to support its operations by acquiring a second cold mill and increasing working capital through Debt and Rights Issue respectively, i.e.

Aluworks Limited, the only Aluminium continuous casting and cold rolled mill company in Ghana, operating from the port city of Tema, announces for the information of its shareholders in particular and to the general public that it shall offer shares for sale to its shareholders as on its register as at 14th February 2013, by way of a rights issue to commence on the 25th February 2013.

ALUWORKS LIMITED
ANNOUNCEMENT OF RENOUNCEABLE RIGHTS OFFER
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.