ASX Code: OMH Website: omholdingsltd

1. ASX Code: OMHWebsite: www.omholdingsltd.com OMH – An Overview Accessing Land for Mineral Exploration in the NT 6 June 2006

2. Disclaimer This presentation may contain forward looking statements that are subject to risk factors associated with commodities businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

3. Agenda • Overview • Marketing • Manganese Operations • Qinzhou Ferro-alloy Smelter • Bootu Creek Manganese Mine • Summary

4. Overview • Singapore based commodity house • ASX listing, March 1998 • China focussed marketing division • Ores, alloys, metals • Integrated manganese producer • Qinzhou Ferro-alloy Smelter • Bootu Creek Manganese Mine

5. Overview - Divisions Mining Bootu Creek Manganese Mine Territory Iron Ltd (18.5%) ASX:TFE Manufacturing Qinzhou Ferro-alloy SmelterLiaoyang Boron Alloy (51%) Marketing Singapore Marketing & Logistics

6. Issued Capital Listed ordinary Unlisted options Major Shareholders Institutions Strategic partners Board/management Top 20 shareholders Market Capitalisation Overview - Capital 136.3m5.6m 141.9m 30% 5% 25% ~75% ~$150m

7. Overview - Financial Returns June Half Dec Half Continuous dividends since 1998

8. Services Core Products Marketing

9. Marketing • Services • Source materials for Chinese buyers • Logistics, credit & product management • Fee for service, not a position taker • Products • Ores: manganese, chrome, iron • Alloys: manganese, chrome, silicon, ferro-silicon / boron • Metals: stainless scrap, zinc ingots • New business • New relationships/products welcome

10. Marketing – Core Products • Chrome ore • Improved chrome & ferrochrome prices • Iron ore • Territory Iron, trial of Indian product • Positive price outlook • Manganese ore • Supply ~ 20% of China’s Mn ore • Destocking, prices soft but steady • Price improvement expected post June • Expected medium term range US$2.50-3.00

11. Overview Expansion Competitive Advantage Manganese - Qinzhou Smelter

12. Manganese - Qinzhou Smelter • Overview • Investment to date ~US$7 million • Significant appreciation in land value • Three furnaces - 55k tpa ferro alloy • Power constrained until early 2007 • Shanghai Shenjia Joint Venture • Large ferro-alloy smelter & marketer • OMH 70% • Agreement 2006, expansion 2007 • 140k tpa at minimal cost to OMH

13. Significant competitive advantage Power cost & availability Inland freight differentials Manganese - Qinzhou Smelter

14. Overview Operations Finance Growth Manganese - Bootu Creek

15. Nov. 2000: Scriven Agreement Sep. 2001: Exploration Agreement with NLC & Granted EL Oct. 2001: First drill hole Sep. 2003: 26,000 meters drilling completed Aug. 2004: Feasibility Study Sep. 2004: Environmental approvals Oct. 2004: Mining & Haul Road Lease Agreements, Tripartite Agreement re native title claimants Oct. 2004: Site access granted, construction commenced Apr. 2006: Production commences Jun. 2006: First shipment Manganese – NT Background

16. Matters for negotiation Exploration access Mine located on Banka Banka station (Native Title) Haul road to rail siding on Aboriginal freehold land Native Title process NT’s first Exploration Agreement under Native Title process Mineral Lease negotiated within 9 months NLC employment service Benefits Economic multiplier impact Employment opportunities Manganese – Native Title

17. Transport infrastructure Ready access to all levels of NT Government Supportive and co-operative approach, including: Chief Minister’s Office, Special Projects Group NT Geological Survey Northern Land Council Member for Barkly Manganese – NT Experience

18. Manganese - Bootu Creek

19. Mining Good consistency & widths Ore stocks ~2 months Shekuma pit optimisation underway Pit sequencing under review Manganese - Bootu Creek

20. Processing Plant completed Performing to expectation Availability improving Excellent product quality (>45% Mn) Manganese - Bootu Creek

21. Manganese - Bootu Creek 550-600k tpa @ 45% manganese product • Road, rail, port • All tested • First shipment • Early June 2006 • ≥45% Mn, 30kt lump

22. Manganese - Bootu Creek • Exploration • Target: double resource base, >10 year life of mine • 20,000 metres / $2 million • Shekuma resource ~↑20% • Chugga encouraging drilling • Tourag commenced • Helicopter EM (27 strike kms)

23. Expansion option to 1 million tpa Parallel drum plant, accommodation, logistics Incremental cost ~A$10 million, requires feasibility study Timing Expanded resource base Market conditions Manganese - Bootu Creek

24. Marketing China focused, extensive networks Integrated manganese producer Bootu Creek in production Price improvement expected Growth opportunities Qinzhou expansion Exploration program, early successes Expansion option Summary

25. ASX Code: OMHWebsite: www.omholdingsltd.com OMH – An Overview Accessing Land for Mineral Exploration in the NT 6 June 2006