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GUIDANCE – EARNINGS UPDATE – OUTLOOK

In compliance with ASX Listing Rule 3.1, NRW Holdings Limited (ASX: NWH) advises that based on current management accounts, net profit after tax for the half year ending 31 December 2011 is anticipated to be in the range of $41 – $43 million, representing an increase of approximately 100% (at the median), on the prior corresponding period.