D Y E S O L L T D

A C N 1 1 1 7 2 3 8 8 3

1 1 A u r o r a A v e n u e Q u e a n b e y a n , N S W 2 6 2 0

T : + 6 1 - 2 6 2 9 9 1 2 5 0 F : + 6 1 - 2 6 2 9 9 1 6 9 8

2 November 2007 Company Announcements Office Australian Stock Exchange PO Box H224 Australia Square Sydney NSW 2000

MANAGING DIRECTOR’S PRESENTATION Please find attached the Managing Director’s presentation delivered at today’s Annual General Meeting of shareholders. The presentation and today’s AGM proceedings are available online at Boardroom Radio. They may be accessed directly using the following link:

http://www.brr.com.au/event/DYE/1770/32340/wmp/btdir37k1h Or by visiting www.brr.com.au and searching for the code DYE. Yours sincerely Kim Hogg Company Secretary

International Cleantech Company

ASX: DYESylvia Tulloch, Managing Director

AGM 2007

2

Market Place – Solar CellsSolar PV industry with >30% average growth rate ($15B in 2006)

05000

10000150002000025000300003500040000

1999 2001 2003 2005 2007E 2009E

Global Solar Sales in US$

US$

Source: CLSA

3

Dyesol’s Business Model

Solar Panel R&D & Manufacturing Equipment

Solar Panel Technology

Dyesol Customers e.g.

• Sony

• Sharp

• Samsung

• Corus (Tata)

• G24i

• Many government labs

• World-class universities

4

Achievements in 2007

• Sales more than doubling annually - on track to continue.

• Alliance with Corus – £9 billion British/Dutch steel company. ►Fees + materials supply + royalties.

• G24i – largest dye order to date delivered ahead of time and on budget.

• Meeting Milestones on both major projects –• Corus project for solar steel cladding• Project for rugged, flexible, lightweight solar panels, under contract to the Australian Department of Defence

5

Corus• One of the world’s largest metal producers with annual turnover of £9 billion.

• Collaborative program commenced 2006, funded by Corus, to develop a continuous coating line for steel based construction products utilising Dyesol’s DSC technology. Potential – over $200M sales per annum within 5 years

CCIC• Major Japanese catalyst and nanotechnology company• Sep 2006 - CCIC appointed exclusive distributor of Dyesol products in Japan

German Based Industrial Conglomerate• Cooperation on improved semiconductors to increase DSC efficiency

Others in Motion• G24i, Peccell (Japan), Nesli (Turkey), Universita Roma Dua (Project

Commenced), NSTDA in Thailand (MOU signed), IPP (China), KStar (MOU).

International Alliances

6

Corporate

• IPO – issue price 20 cents (08/05)

• Support from German Market – stableholding at 25 Million shares

• Placement Nov 2006 – 8.33 million shares at 60 cents

• Placement July 2007 - 11.4 million shares at $1.10 to sophisticated investors raised $12.54 million. Issue was significantly oversubscribed.

• August 2007 - SPP at $1.10 raised $10 million

• New substantial shareholder – holding over 10% - David Gelbaum

• Current Price ~ $1.60

• Market Capitalisation ~ $170 million

7

UPDATENanoEurope Conference & Exhibition

• 180 DSC Conference Registrants, from 25 Countries• Launch of Dyesol DSC Laboratory Solutions Equipment Range • First Display of a DSC Facade Wall in Europe• First Display of Dyesol Camouflage Modules• Papers by Dyesol include latest update on DSC long term

stability results.

8

UPDATEEquipment set to make strong contribution

• In June – Test and Light Soaking Systems for Bangor and Swansea Universities in Wales

• In August - Mahidol University in Bangkok purchased UPTS equipment and undertook capability training at Dyesol.

• Universita Roma Dua Tor Vergata order for a DSC Laboratory Facility from Dyesol that will enable the university to have a complete DSC prototyping capability.

9

UPDATE - Pegasus Research Note

• Commissioned Research Note issued 10 October 2007

• Available on Request from Pegasus Corporate Advisory Pty Ltd 61 2 8249 8360

10

Plans

New Cash Utilisation ($22M Raised)

• New Materials & Devices Manufacturing facility - $4.0M

• Facilities and Projects Dyesol East Asia - $3.0M

• Facilities and Projects UK - $3.0M

• International corporate and marketing - $2.0M

• International Demonstration facility - $4.0M

Total: $16.0M

www.dyesol.comASX Symbol DYE

German Third Market Symbol - D5I