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Cardno Limited and its Controlled Entities for the year ended 30 June 2010 

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## 28. CONTINGENT LIABILITIES 

As at the date of this report, there is no current litigation or pending or threatened litigation which would not be covered by professional indemnity insurance or has not already been provided for in the financial statements of the Company, or which is likely to have a material effect on the financial performance of the consolidated entity. 

The consolidated entity had contingent liabilities at 30 June 2010 in respect of: 

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The Group has bank guarantees with financial institutions. A multiple guarantee facility is available to the Group totalling $19 million (2009: $19 million). These facilities are secured by an unlimited interlocking guarantee and indemnity. 

## 29. SUBSEQUENT EVENTS 

On 11 August 2010 Cardno completed a $49 million capital rising via a 1:6 fully underwritten renounceable rights issue. The number of ordinary shares issued under the rights issue was 15,089,139. The capital raised will be used to reduce debt used for the June 2010 acquisition of ENTRIX and ERI and for working capital. 

On 16 August 2010, the Directors of Cardno Limited declared a final dividend of 15.0 cents per share for the 2010 financial year. The fully franked dividend will be paid on 15 October 2010 to shareholders registered on 17 September 2010 and will total $15,839,940. The dividend has not been provided for in the 30 June 2010 financial statements. 

