extraordinary general meeting

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DESTRA CORPORATION LIMITED (“Company”) gives notice that an Extraordinary General Meeting of the
Company will be held at Beconwood Securities Pty Ltd, 5th Floor, Bank House, 11 Bank Place, Melbourne
Victoria on Friday 30 June 2006 at 3.00 pm.
SPECIAL BUSINESS
1. Approval of prior issues of securities
That the issues of shares and options by the Company in the period between the 2005 Annual
General Meeting and this meeting and not yet approved by members be approved in accordance
with ASX Listing Rule 7.4.2.
2. Possible further issue of securities
That the directors be authorised to issue up to 34,500,000 fully paid ordinary shares in the
Company to a vendor or vendors of businesses acquired by the Company, in accordance with
ASX Listing Rule 7.1.
3. Executive Incentive Option Plan
That the Company re-adopt the Executive Incentive Option Plan with minor amendments as set
out in the Explanatory Memorandum to the notice of this meeting.
4. Issue of Options to Chief Executive Officer (Domenic Carosa)
That the shareholders grant the board of directors the authority to issue to the Chief Executive
Officer of the Company, Mr Domenic Carosa, a total of up to 2,500,000 options to subscribe for a
like number of fully paid ordinary shares in the capital of the Company at an exercise price equal
to 15% above the volume weighted average price for the 60 days prior to the date of issue,
provided that the board of directors exercise this discretion at any time between the date of this
meeting and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
vest at the issue date.
5. Issue of Options to Chairman (Carl Olsen)
That the shareholders grant the board of directors the authority to issue to the Chairman of the
Company, Mr Carl Olsen, a total of up to 1,500,000 options to subscribe for a like number of fully
paid ordinary shares in the capital of the Company at an exercise price equal to 15% above the
volume weighted average price for the 60 days prior to the date of issue, provided that the board
of directors exercise this discretion at any time between the date of this meeting and 30
September 2006 (inclusive) and subject to the Terms and Conditions of Options accompanying
the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options vest at the
issue date.
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6. Issue of Options to non-executive Director (Neville Christie)
That the shareholders grant the board of directors the authority to issue to the non-executive
Director of the Company, Mr Neville Christie, a total of up to 1,500,000 options to subscribe for a
like number of fully paid ordinary shares in the capital of the Company at an exercise price equal
to 15% above the volume weighted average price for the 60 days prior to the date of issue,
provided that the board of directors exercise this discretion at any time between the date of this
meeting and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
vest at the issue date.
7. Issue of Options to non-executive Director (Paul Choiselat)
That the shareholders grant the board of directors the authority to issue to the non-executive
Director of the Company, Mr Paul Choiselat, a total of up to 1,000,000 options to subscribe for a
like number of fully paid ordinary shares in the capital of the Company at an exercise price equal
to 15% above the volume weighted average price for the 60 days prior to the date of issue,
provided that the board of directors exercise this discretion at any time between the date of this
meeting and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
vest at the issue date.
8. Issue of Options to non-executive Director (Joshua Landau)
That the shareholders grant the board of directors the authority to issue to the non-executive
Director of the Company, Mr Jim Landau, a total of up to 1,000,000 options to subscribe for a like
number of fully paid ordinary shares in the capital of the Company at an exercise price equal to
15% above the volume weighted average price for the 60 days prior to the date of issue, provided
that the board of directors exercise this discretion at any time between the date of this meeting
and 30 September 2006 (inclusive) and subject to the Terms and Conditions of Options
accompanying the notice of this meeting, in accordance with ASX Listing Rule 10.11. The options
vest at the issue date.
9. Other business
To consider any other business brought forward in accordance with the Company's constitution or
the law.
By order of the Board
Richard Wingrove
Company Secretary
Date: 24 May 2006