On behalf of RPC Technologies Pty Ltd, I am pleased to announce that the Sale & Purchase Agreements have been concluded between Fibrelogic Pipe Systems and RPC Pipe Systems Pty Ltd (a new joint venture between RPC Technologies and Nuplex Industries), for the acquisition of the business assets. Settlement and takeover was effective as from 23 June 2011.

The enclosed summary has been compiled to give a general overview of the acquisition particulars.

The acquisition of Fibrelogic marks a milestone for RPC Technologies, by significantly increasing our composites capacity and capabilities, and improving our product offering within the piping and industrial markets. The synergies between Fibrelogic Pipe Systems and RPC Technologies are complementary, and it is with this view that we foresee a strong working relationship for the benefit of all.

We are extremely excited about the potential business opportunities which lie ahead of us.

Tony Caristo (Managing Director)

Please see the attachment below for more details regarding the acquisition, RPC Pipe Systems, RPC Technologies and Nuplex Industries.

Attachment: 2011-08.pdf