AUSTRALIA SRL.AX 0.49 AU$ 0.00%

Media Announcement - Morgan Stanley Becoming a Substantial Holder

On May 27 2011

Dear Investor,

Straits Resources Limited (SRQ) released the following announcement to the ASX on 27 May 2011: Morgan Stanley Becoming a Substantial Holder

All ASX releases are available to download from the ASX site on http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=SRQ or our website at www.straits.com.au.

Please do not hesitate to contact me should you require any further information.

Mark Hands | Company Secretary & General Counsel | Straits Resources Limited | www.straits.com.au

First Floor, 35 Ventnor Avenue, West Perth 6005 WA | Email: mhands@straits.com.au

Tel: +61 8 9480 0559 | Fax: +61 8 9480 0516