Online Stockmarket Trading Update

Phoslock Water Solutions (PHK) has signed a major Distribution Agreement covering all states of the United States with SePRO Corporation, the industry leader in North America in the arena of weed and algae management in lakes, rivers, streams, reservoirs and storm water containment ponds. SePRO currently provides and supports a full line of aquatic plant and algae management products (25). Phoslock will be added to this product line as an environmentally friendly phosphorus absorber, and as a sediment capping agent to significantly reduce the re-release of phosphorus. The Distribution Agreement is for an initial 5 year period and includes large annual purchase obligations by SePRO. The Contract with SePRO requires a significant initial order. It is intended that Phoslock will be sold both as a standalone product used in conjunction with SePRO products and also potentially formulated in other SePRO products. A second Distribution Agreement covering Aquaculture and Retail Products with SePRO for the United States market is currently being finalised.

PWS General Manager for North America, Mr Eddie Edmunds said SePRO was a great fit for Phoslock. The SePRO Aquatics Team is made up of 13 Aquatics Specialists who have all been trained in the science of aquatic plant and algae management. The SePRO sales team supports a network of over 160 accredited applicator companies spread throughout the United States. The accredited applicators maintain strong local relationships with the lake management companies, lake associations, state and federal water body organisations and aquatic management companies.

SePRO Corporation (SePRO) is based in Indiana, United States. SePRO’s key business segments include the US Aquatics Industry, Greenhouse/Nursery markets and Professional Turf/Landscape Management. SePRO is the industry leader in North America in the arena of Weed and Algae management in lakes, rivers, streams, reservoirs and storm water containment ponds. SePRO currently supports a full line of aquatic herbicides and algaecides (25 products) and is very involved in the field of aquatic plant and algae management. The Aquatic Business Unit is SePRO’s largest division. SePRO has sustained quality relationships and partnerships with the largest lake and pond management firms throughout the US. SePRO has an extensive network of customers in the water resource management field that include professional aquatic applicators, lake management firms, engineering companies, water companies, lake associations, individual pond owners, and government agencies.

PWS has worldwide exclusivity for the sale and marketing of Phoslock, a technology developed by the Australian government scientific body CSIRO. Phoslock removes phosphorus and harmful contaminants and has been applied in over 200 water bodies and used in over 20 countries since it was commercialised in 2005. PWS is headquartered in Sydney, Australia and has offices in Kunming, China and European Operations (covering 16 countries) in Bremen, northern Germany. Phoslock is represented by licensees and agents in ten other countries.

www.phoslock.com.au

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