Ann: Appendix 4C - Quarterly, page-6

Bid is now 35c

When 77% of the shares on issue come out of Escrow on 21 September 2017 I will be able to buy these shares for under 10 cents


6.3.23 EXPIRY OF ESCROW

ASX may determine that all 50,000,000 existing Shares, representing 88.89% of the total number
of Shares on issue following the Offer (assuming Minimum Subscription), or 76.92% of the total number
of Shares on issue following the Offer (assuming Full Subscription), are required to be held in escrow for
a period of 24 months. In the event ASX does not impose mandatory escrow on any of the Company’s
Shares, the Company will instead enter into voluntary escrow agreements with the existing Shareholders.

This will result in all 50,000,000 existing Shares, representing 88.89% of the total number of Shares
on issue following the Offer (assuming Minimum Subscription), or 76.92% of the total number of
Shares on issue following the Offer (assuming Full Subscription) being held in escrow for a period of 18
months. Following the end of these escrow periods a significant portion of Shares will become tradable on ASX. This may result in an increase in the number of Shares being offered for sale on market which may in turn put downward pressure on the Company’s Share price. Please see in Section 1.12, for further information on escrow arrangements.