Class of securities issued

ISIN

NZOICE0001S5

Number of securities issued

2,023,305 Ordinary Shares upon exercise of 2,023,305 options that were issued at an option price of $0.042 per share

Issue price

$0.312 cents per ordinary share (upon exercise of the options)

Payment in cash?

yes

Any amount paid up (if not in full)

435, 570 Ordinary shares fully paid on issue

1,587,735 Ordinary Shares  to be fully paid on  22 August 2008

Percentage of total class issued

1.47%

Reasons for the issue

Issue pursuant to an exercise of options granted under the 2003 tranche of Opus’ Employee Share Option Plan

Specific authority for the issue

Opus’ Employee Share Option Plan dated 27 May 2002

Terms or details of the issue

Ordinary shares ranking pari passu with existing Ordinary Shares

Total number of securities of the class in existence after the issue

137,797,495  Ordinary Shares

Date of issue

30 July 2008