PORTLAND ORTHOPAEDICS LIMITED (PLD)

name changed to PLD Corporation Limited

issues a replacement prospectus for the offer of 120 million Shares at an issue price of $0.0025 per Share to raise $300,000 and 60 million First Placement Options at an issue price of $0.000025 per First Placement Option to raise $1,500 (First Placement). and For the offer of 170 million Shares at an issue price of $0.01 per Share to raise $1.7 million (Second Placement).

releases various financial reports

the Directors of PLD Corporation Limited (formerly Portland Orthopaedics Limited) ("the Company") advise that the ASIC has placed an Interim Stop Order dated 13 December 2011 on the PLD Prospectus Dated 6 December 2011. The Company is currently working with the ASIC to arrange lodgement of a Replacement Prospectus which will include additional historical financial information and other information requested by the ASIC

1. the name of the company has now been amended to PLD Corporation Limited and the ASX Code remains PLD. 2. The registered office has moved to Suite 6, 245 Churchill Avenue Subiaco WA 6008. 3. The issued capital of the Company has been consolidated on the basis that every ten (10) Shares have been consolidated into one (1) Share; and every ten (10) Options is in the process of consolidated into one (1) Option. 4. A new Constitution for the Company has been adopted. 5. Messrs Hugh Warner, Michael Pollak and Jonathan Pager have been appointed directors to the Company. 6. Mr Neil Hackett has been appointed Company Secretary. 7. Mr Daniel Rohr has been appointed as Chief Financial Officer. The Directors are currently working towards restructure and recapitalisation of the company and liaising with the ASX in relation to reinstatement of PLD's securities for trading on the ASX

we understand that on or about this date the company consolidated its shares 1 for 10

all Resolutions considered at the GM today were passed on a show of hands

issues amendment to Timetable re Capital Reorganisation in Notice of Meeting dated 13 October 2011

the General Meeting of the Shareholders will be held at 11:00 am (AEST) on 23 November 2011 at: William Bucl< Chartered Accountants Level 29,66 Goulburn Street Sydney, New South Wales

company executes a revised deed of company arrangement

no word from Robert Whitton and Bradley Tonks of william Buck for almost 2 years regarding the status of this company or its DOCA

a deed of company arrangement is executed

administrators apply for an extension to file reports

Bruno Anthony Secatore and Ozem Kassem of Cor Cordis are appointed Receivers and Managers - none of this augurs well for shareholders but it will be a month or so before the position is clearer

Robert Whitton and Bradley Tonks of Lawler Partners are appointed Administrators

requests an extension of its voluntary suspension until 8 December

the motions put to today's meeting were carried on a show of hands except the motion to grant options under Portland Orthopaedics Limited Executive Option and Staff Option Plan to Mr John Brassil which was withdrawn

securities suspended from quotation pending an announcement