ASX Proposed Pro Rata Offer of Shares

Tuesday, 03 March 2009 05:53

27 February 2009

Transol Corporation (ASX: TNC) (“Transol” or “the Company”) today announced that it
proposes undertaking a pro rata offer of new shares to shareholders.

Shareholders at the record date will be offered the opportunity to apply for one new share
for each share held, at an issue price of 0.2 cents ($0.002) per share applied for. The
Company will apply for the shares to be listed, subject to satisfaction of the requirements of
ASX.

Funds raised by the issue will be applied to the Company’s working capital requirements. As a
pro rata offer, the Company does not anticipate seeking shareholder approval to make the
offer.

Further information regarding the proposed pro rata offer, including the record date for
shareholdings entitled to participate in the offer, and the timetable for the offer, will be the
subject of further announcements to ASX by the Company. The Company will also lodge an
Appendix 3B regarding the proposed issue when the timetable for the offer is finalised.

27 february 2009 - proposed rights issue.pdf