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Programmed Maintenance Services Completes Institutional Entitlement Offer
Monday November 2, 2009, 9:18 am

Original Announcement: Successful Completion of Institutional Entitlement Offer

Programmed Maintenance Services announced that it has successfully completed the institutional component of its 4 for 19 non-renounceable pro-rata entitlement offer announced on 29 October 2009. The institutional component of the Offer was strongly supported by shareholders, with eligible institutions subscribing for 91% of their entitlements. A total of $53.5m has been raised under the institutional component of the Offer at an issue price of $3.80 per share, resulting in the issue of approx. 14.1m new shares. Settlement of the institutional component of the Offer is scheduled for 13 November 2009 with New Shares expected to commence trading on 16 November 2009. The Retail Entitlement Offer will open on 5 November 2009 and close at 5pm on 24 November.

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