CHOISEUL INVESTMENTS LIMITED(CHO)

delisted following the implementation of the merger with Milton Corporation Limited

we understand the consideration that each Choiseul shareholder received under the Scheme was 0.2788 New Milton shares in exchange for each Choiseul share held on the Record Date and a fully franked Choiseul Special Dividend of 16c per share

Soul Pattinson sells out of Choiseul Investments

Milton Corporation Limited announces that it has completed the final steps in the implementation of the merger with Choiseul Investments Limited (Choiseul) with the issue of 23,803,854 New Milton Shares to the Choiseul shareholders today - The Choiseul portfolio of 70 companies is an excellent addition to the Milton portfolio and it is expected it will contribute to the growth in underlying earnings per share and dividends per share immediately." The merger will also provide Milton with additional cash of $24 million for further investment

the securities of Choiseul Investments Limited (the "Company") will be suspended from quotation from the close of trading today, 2 December 2010, at the request of the Company, following lodgement with ASIC of the court orders in relation to the scheme of arrangement whereby Milton Corporation Limited (ASX Code: MLT) will acquire all the fully paid ordinary shares in the Company that it does not already own

the Choiseul directors have today declared a fully franked special dividend of 16 cents per Choiseul share

the key dates with respect to payment of Choiseul's normal interim dividend and the special dividend, issue of the scheme consideration and implementation of the Scheme are released

we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - merger with Milton Corp - this corporate event may appear elsewhere in this company record

we understand that on or about this date the company split its shares 5 for 1

name changed from Choiseul Plantations Holdings Limited