ASX: NOE

Presentation in Melbourne, 26th October 2010 & Sydney, 27th October 2010

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IMPORTANT INFORMATION

The information in this document is designed to be delivered in conjunction with a spoken presentation. It is intended as a guide to the potential of Novarise’s projects and not as a guide to any investment decision in Novarise.

This document is not a disclosure document nor does it constitute the provision of financial product advice.Neither Novarise Renewable Resources International Limited nor any of its officers, employees or advisorsmakes or gives any representation, warranty or guarantee in relation to this document or its contents to anyperson. The information is provided expressly on the basis that recipients will carry out their ownindependent inquiries into the matters contained herein and make their own independent decisions aboutthe affairs, financial position or prospects of the company or companies which reserves the right to update,amend or supplement any information at any time in its absolute discretion.

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MARKET DATA

Current Price $0.19ASX NOEListed Shares on Issue 399.3 millionPerformance Shares 2.5 millionListed Options 25.8 millionUnlisted Options 3.7 millionMarket Cap $76 millionYear End 31 December

BOARD OF DIRECTORS

Qingyue Su – Chairman & Managing DirectorXiaobin Zhuang – Executive DirectorChung Yi So – Non-Executive DirectorLiandong Tu – Non-Executive DirectorJohn O'Brien – Non-Executive DirectorPhillip Fook Weng Au – Non-Executive DirectorFaiPeng Chen – Non-Executive DirectorChenzhang Li - Non-Executive Director

MAJOR SHAREHOLDERS

Great Rises International 254.2m (63.4%) owned by Qingyue SuTop10 382.2m (95.7%)

COMPANY INFORMATION

Qingyue Su, Managing Director, Novarise at the opening of the new production facility in Fujian Province, China

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Novarise was listed in April 2010, through a $25.1m Initial Public Offering, comprising 100.2m shares at $0.25 per share. The funds raised are being utilised to develop and expand the Company’s existing recycling and production capabilities in the Fujian Province, China. The Novarise listing provides Australian investors with the opportunity to invest directly in a China based green enterprise.

Novarise produces fibre-grade polypropylene (PP) pellets, PP filament yarn, PP consumer webbing products and agricultural twine from recycled PP waste, for both the domestic and export markets.

Novarise is the only major producer of recycled PP in China. Its proprietary technology provides a significant cost advantage over virgin PP. Demand for PP is expected to increase strongly until at least 2013 in China, South East Asia and the Global markets.

Novarise has grown strongly over the last three years with the ramp-up in production, resulting in increased profitability. For CY2010, Novarise has forecast a 17.6% increase in Pre-Tax Profit to $16m on a 19.4% increase in Revenue to $73.9m. These forecasts are supported by strong Interim Pre-Tax Profit growth of 32%, despite the currency impacts from a stronger Australian dollar.

Novarise presents the following attractions for investors:

● A leading position in the production of PP products in both Chinese and Global markets● A significant cost advantage from use of recycled PP● A strong demand outlook, supporting continued profit and EPS growth● An attractive valuation, relative to the general market, in terms of profitability ratios and Balance Sheet strength.

ABOUT NOVARISE

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THE POLYPROPYLENE INDUSTRY IN FOCUS

Polypropylene

Polypropylene (PP) is a thermoplastic polymer made from propylene through polymerisation, which is derived from crude oil. As a synthetic chemical fibre, it has advantages over other synthetic fibres, such as nylon and polyester, being anti-acidic, corrosion-resistant, non-toxic, wear-resistant, non-hygroscopic and less dense than water.

In 2010, the Company's PP waste materials had expanded to more than 30 types of plastic products .

New PP materials sourced now include

BOPP FILM AMERICAN ROPE

PP KNITTING WIRE NON-WOVEN FILM

PP ROPE PP POLYSTYRENE

PP ICE CREAM CONTAINERS PP LUNCH BOX

BOPP film PP knitting wire

PP ice cream containers PP rope

American rope Non-woven film

PP Polystyrene PP Lunch box

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Total Domestic

Procuremen

t

Internationa

l

Procuremen

t

Domestic

Percentafge

Internationa

l Percentage

Jan-Jun 2009 13444 2737 10707 20% 80%

Jan-Jun 2010 17589 10447 7142 59% 41%

PP WASTE PRICE MOVEMENTS

The price of PP waste stabilised in 1H 2010. Novarise anticipates the price will also be stable in 2H 2010.

The Company with benefit from the stable, low price of the waste materials that will help to maintain an attractive profit margin.

2010 first half waste materials price chart

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1.00

2.00

3.00

4.00

5.00

6.00

7.00

Jan Feb Mar Apr May Jun

RMB/KG

2009

2010

PERCENTAGE OF DOMESTIC AND INTERNATIONAL PROCURED PP WASTE

Unit: Tonnes

Total Domestic Procurement

International Procurement

Domestic Percentage

International Percentage

Jan-Jun 2009 13444 2737 10707 20% 80%

Jan-Jun 2010 17589 10447 7142 59% 41%

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NOVARISE PP SALESINCREASE IN INTERNATIONAL SALES

The revenue for 1H 2010 was RMB 193.4 million - an increase of 33.90% compared to the same period last year. The profit for the first half 2010 was RMB 38.2 million. Based on the performance of first half 2010, the Company is confident to meet the full year financial forecast of RMB 87 million.

Sale products

7.15 6.81

21.16 21.89

0.88 1.32-1.62

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5.00

10.00

15.00

20.00

25.00

30.00

35.00

Jan-Jun 2009 Jan-Jun 2010

AU$'million

Recycled PP Rope

RibbonPPYarn

Jan-Jun 2009

Jan-Jun 2010

A$'M

25.0179%

6.6521% Domestic

Export

EXCHANGE RATE：$AU1/RMB4.8316 (2009), $AU1/RMB6.1114 (2010)7

A$'M

24.7385%

4.4615%

Domestic

Export

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NOVARISE PROFIT HISTORY

Gross profit

21.44

17.94

9.207.54

0

500

1000

1500

2000

2500

Jan-Jun 2009 Jan-Jun 2010 2009 full year 2010 forecast

AU$million

data from 30 June 2010 exchange rate：$AU1/RMB4.8316 (2009), $AU1/RMB6.1114 (2010)

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OUR CLIENTS

In 2010, Novarise gained 69 new customers, 14 from overseas, including SE Asia, Europe and South America.

In the first half of 2010, sales from new customers was AU$2.65 million, which accounted for 8% of the total sales.

Novarise has long term relationships with international brand notebook bag producers, including: HP IBM SAMSUNG ACER TOSHIBA LENOVO DELL ASUS BENQ HASEE

and the world's largest beach chairs and tents producer Xiamen Jinxiong, plus other bags manufactures.

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PATENTS GRANTED TO NOVARISE

In 2010, the Company obtained three Utility Model Patent Certificates: Pellet Bulking Device for Plastic Pelleting Machine, Cooling Device for Plastic Pelleting Machine and A Plastic PelletingModel.

In Dec 2009 the Company obtained a National Environmental Protection Product Symbol and became the only recycled green bags producer in China.

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NEW PRODUCTION FACILITY UNDER CONSTRUCTION

Novarise has entered into a land use right contract with the Matou Town Land Bureau in Nan'an City, Fujian Province, China in relation to the grant of a land use right of 200,000 square metres in Nan'an Ferry Light Industry Base in Nan'anCity, Fujian Province, China .

The Planned overall investment is 300 million RMB, with the anticipated production capacity to reach 75,000 tons per annum when it is fully completed.

The construction has commenced and is expected to be completed in April 2011.

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NOVARISE NEW PRODUCTS

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COMPETITIVE ADVANTAGES

Novarise’s capacity for producing PP yarn using waste PP was 25,000 tons in 2009 and is expected to reach 35,000 tons in 2010. We are still the biggest PP yarn producer in China, with 13% market share

Novarise technologies are in the leading position among Chinese competitors. To the Company’s knowledge, there are no other companies that can produce PP pellets and PP yarn using waste PP products as a feedstock.

New Equipment

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THANK YOU FOR YOUR TIME

QUESTIONS?

For more information, please visit www.novarise.com.au

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