11 April 2012

Company Announcements

ASX Limited

Level 8, Exchange Plaza

2 The Esplanade

Perth WA 6000

Dear Sirs,

ANNOUNCEMENT: Proposed issue of shares - Scholz debt for equity swap

We attach an announcement for immediate release to the market. Yours faithfully,

Trevor Schmitt Company Secretary CMA Corporation Ltd

Enc

CMV20120411-332

11 April 2012
Company Announcements
ASX Limited
Level 8, Exchange Plaza
2 The Esplanade
Perth WA 6000
Dear Sirs,

ANNOUNCEMENT: Proposed issue of shares - Scholz debt for equity swap

CMA Corporation Limited (ASX: CMV) (CMA) announces a proposed issue of 25,000,000 fully-paid CMA ordinary shares to Scholz Invest GmbH or its nominee, subject to the approval of CMA shareholders at a general meeting to be held on 11 May 2012.
In accordance with Listing Rule 3.10.3, CMA provides the following information about the proposed issue of shares:

Class of securities to be issued

Ordinary shares

Number of securities to be issued

25,000,000

Principal terms of securities to be issued

Fully-paid, ranking equally with existing ordinary shares from the date of allotment

Issue price of consideration

40 cents per share

Purpose of the issue

To discharge and satisfy over $9 million in debts owed by CMA, with a balancing amount to be

paid to CMA in cash, making a total consideration of $10 million or 40 cents per share.

Whether the entity will seek security holder approval in relation to the proposed issue of securities

Yes - at a general meeting to be held on 11 May

2012

Whether the issue will be to a class of security holders

No

Yours faithfully,

Trevor Schmitt Company Secretary CMA Corporation Ltd

CMV20120411-332

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