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Dyno Nobel Acquired by Incitec Pivot

Still Delivering Groundbreaking Performance

Explosives customers will benefit from the acquisition of Dyno Nobel by Incitec Pivot Limited (IPL) according to Dyno Nobel President & CEO, Mr. Don Brinker.

"Being part of Incitec Pivot will offer our customers the opportunity to be affiliated with a larger organization offering a broader base and increased security of supply.  For Dyno Nobel, the integration will strengthen our ability to provide an enhanced level of service as well as products designed to meet our customers' needs," Mr. Brinker said.

Dyno Nobel will operate as a discrete explosives business within IPL following the 2 June 2008 acquisition.  The Dyno Nobel brand will be retained along with all products and associated trade names.  In addition, the global Dyno Nobel headquarters is now located in Salt Lake City, Utah.

"Incitec Pivot recognizes the heritage and strength of the Dyno Nobel brand and, in turn, the recognition this brand has with our customers across the globe," Mr. Brinker commented.  "We intend the integration of IPL and Dyno Nobel to be seamless," Mr. Brinker added.  "We remain focused on fulfilling our customers' needs and ensuring our operations remain safe.  The same outstanding team of Dyno Nobel people will continue to work closely with our customers to deliver the same high quality products and services they've come to expect from us over the years."

Nitrogen-based chemical manufacturing forms the basis of explosives and fertilisers and bringing the two companies together makes good strategic sense.  The expanded IPL will be exposed to both the explosives industry during the sustained mining boom and the fertilizer industry's outlook for continued growth driven by global demand for increased food, feed, fiber and fuel.

"We're very excited about being part of a company the strength and calibre of Incitec Pivot, particularly with respect to the potential growth opportunities this will bring," Mr. Brinker remarked.

July 1 2008 - DN Acquired by IPL: Still Delivering Groundbreaking Performance