Melbourne, Australia – July 15, 2005 - Colorpak Limited (CLK) today announced it had, in its first full year as a listed company, exceeded its prospectus profit forecasts by some 6.9%. The company’s NPAT for the 12 months to 30 June 2005 was $3.107 million.

Revenues exceeded Prospectus forecast by $5.6m due to the acquired Castle Graphics sales contribution ($3.5m) and a solid 4% base business revenue growth of $2.0m. Even though EBITDA was 3% ahead of Prospectus forecast, earnings generation from the sales growth was tempered due to lower margins in line with expectations on the Castle Graphics revenues and the payment of management incentives (based on exceeding Prospectus earnings per share forecast). Cash from operations was a healthy $7.9m, which was up 8% on prospectus forecast.

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