Media Release - Bradken

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATESMedia ReleaseBradkenBradken Limited ACN 108 693 0092 Maud Street Mayfield West NSW 2304 PO Box 105 Waratah NSW 2298AustraliaPhone: 61 2 4941 2600 Fax: 61 2 4941 2661Internet: www.bradken.com.au e-mail: bradken@bradken.com.auWednesday 18 August, 2004BRADKEN SHARES LIST TODAYBradken Limited (ASX:BKN) today announced the successful completion of its Initial Public Offer(IPO) following strong demand from both retail, and institutional investors. Bradken shares areexpected to commence trading on the Australian Stock Exchange at 12.00 noon (EST) today.A total of 102,080,000 shares were offered at $2.40 per share. The company will have a marketcapitalisation on listing of approximately $245 million.Around 20% of the company will be held by retail investors, with funds advised by Castle HarlanAustralia Mezzanine Partners (CHAMP) retaining 10.1 per cent. Current management hasreinvested in the offer and holds approximately 6% of the shares. The remainder of the sharesare held by institutions, with a relatively even split between domestic and offshore institutions.Commenting on the successful completion of the Offer, Bradken Managing Director Brian Hodgessaid:“We are extremely pleased with the listing with the fully underwritten offer closing significantlyoversubscribed.“The offer achieved strong support from retail investors and was well supported by both local andoffshore institutions.“The company has continued to perform strongly and management is looking forward todelivering strong returns to shareholders.”

Bradken Chairman, Nick Greiner, said: “The Board would also like to thank all members of theIPO team, and most importantly our management and employees who have continued to improvereturns from the business while the IPO process was under way.”The Joint Lead Managers and Underwriters to the offer were Credit Suisse First Boston andGoldman Sachs JB Were.For further information, please contact:Kate Kerrison - Gavin Anderson & Company - Mobile: +61 413 946 704Email: kkerrison@gavinanderson.com.au