Company Profile For Highlands Pacific Ltd

Highlands Pacific Limited, through its subsidiaries, invest in and carry out exploration and development activities in the resource industry. All the Company’s activities are carried out in Papua New Guinea. The Company’s wholly owned subsidiaries include Ramu Nickel Limited, Highlands Frieda Limited, Highlands Pacific Resources Limited, Highlands Pacific Indonesia Limited, PT Haigol Sumber Daya Servis, Highlands Pacific Australia Pty Limited, Highlands Pacific Services Limited, Astrolabe Limited and Highlands Kainantu Limited. As of December 31, 2008, the Company’s joint venture comprised Ramu joint venture, engaged in development and Frieda River joint venture, which is engaged n exploration and evaluation.

BRIEF: For the six months ended 30 June 2009, Highlands Pacific Limited's revenue totaled A$15K, lower from A$7M. Net income totaled A$3.3M, up from A$544K. Revenues reflect a decrease in operating income and lower other income. Net income was offset by a decrease in consultants & services cost, lower finance expenses, absence of changes in inventories of work in progress and an increase in foreign exchange gain.