AWS Holds Last Annual Meeting, Changes Name

Australian Wool Services Ltd. (AWS) held its final annual general meeting last week, following the
sale in October of its Woolmark Co. assets and related brands, trademarks and licensing businesses
to Australian Wool Innovation.

Company shareholders voted to re-elect Board of Directors Chairman Barry Walker and Deputy
Chairman John Patten. They also elected Dr. Ian Hilton to the board, and voted to change AWS’s name
to Graziers’ Investment Co. Ltd.

Graziers’ will operate as a funds management business, maintaining the International Wool
Secretariat Pension Fund, the Andar textile machinery business in New Zealand and property in
India. Walker, Patten, Hilton and Director Philip Attard will manage the new company, which will be
run by a small secretariat in Melbourne, Australia.

December 4, 2007