Orica Limited announced today that the book build in relation to the rights issue has been successfully completed.

The book build was strongly supported by institutional investors.  The final clearing price per share was $20.30, which represented a 1.6% discount to Orica’s closing share price yesterday.

Non-subscribing shareholders and Ineligible Foreign Shareholders will receive $5.30 for each share they were entitled to subscribe for under the rights issue, with the balance of $15.00 per share received by Orica as the rights issue application price.

Orica expects to issue the rights issue shares, including those sold in the book build, on Friday 23 December 2005.