We have obtained new observations of the absorption system at 𝑧 abs = 0.48 toward QSO Q0454-220, which we use to constrain its chemical and physical conditions. The system features metalenriched gas and previously unknown low-metallicity gas detected ∼ 200 km s −1 blueward of the metal-enriched gas. The low-metallicity gas is detected in multiple Lyman series lines but is not detected in any metal lines. Our analysis includes low-ionization (e.g., Fe , Mg ) metal lines, high-ionization (e.g., C , O , N ) metal lines, and several Lyman series lines. We use new UV spectra taken with HST/COS along with data taken from HST/STIS, Keck/HIRES, and VLT/UVES. We find that the absorption system can be explained with a photoionized low-ionization phase with [Fe/H] ∼ −0.5 and 𝑛 H ∼ 10 −2.3 cm −3 , a photoionized high-ionization phase with a conservative lower limit of −3.3 < [Fe/H] and 𝑛 H ∼ 10 −3.8 cm −3 , and a low-metallicity component with a conservative upper limit of [Fe/H] < −2.5 that may be photoionized or collisionally ionized. We suggest that the low-ionization phase may be due to cold-flow accretion via large-scale filamentary structure or due to recycled accretion while the high-ionization phase is the result of ancient outflowing material from a nearby galaxy. The low-metallicity component may come from pristine accretion. The velocity spread and disparate conditions among the absorption system's components suggest a combination of gas arising near galaxies along with gas arising from intergroup material.