WATTYL LIMITED(WYL)

delisted following the completion of the scheme of arrangement whereby all the Company's shares were acquired by The Valspar (Australia) Paint Acquistion Pty Limited

we understand The Valspar (Australia) Paint Acquisition Pty Limited (VAPA), a wholly owned subsidiary of the Valspar Corporation (a global paint and coatings manufacturer based in Minneapolis in the United States) was successful with a takeover offer of $1.67 in cash per fully paid Wattyl share and $0.37 in cash per partly paid Wattyl share

the scheme of arrangement between Wattyl and Wattyl shareholders has been implemented. Implementation follows approval by Wattyl shareholders at the scheme meeting held on Wednesday, 8 September 2010 and by the Federal Court of Australia on Monday, 13 September 2010. All Wattyl shares have been transferred to The Valspar (Australia) Paint Acquisition Pty Limited (VAPA), a wholly owned subsidiary of The Valspar Corporation, for $1.67 in cash per fully paid Wattyl share and $0.37 in cash per partly paid Wattyl share. The scheme consideration is expected to be despatched to Wattyl shareholders on 23 September 2010

the securities of Wattyl Limited (the "Company") will be suspended from quotation at the close of business today, at the request of the Company, following lodgement of the court order with ASIC in relation to the scheme of arrangement whereby all of the Company's fully paid ordinary shares and partly paid ordinary shares will be acquired by The Valspar (Australia) Paint Acquisition Pty Limited

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 The Valspar Corp - this corporate event may appear elsewhere in this company record