cash, page-3

From ASX release 21/7/14

Cash 30/6/14 $1,238k
Est outflows for next quarter -$1,200k

On 20 June 2014, Monax announced it is conducting a non-renounceable 1 for 4 entitlement
issue ("Entitlement Issue") at $0.021 per share to raise up to approximately $0.9 million, with 1
free option being issued for every two new shares subscribed for under the Entitlement Issue.
The options to be issued will be exercisable at $0.042 on or before 29 July 2015.

At this stage the entitlement issue is due to close, tomorrow 22 July 2014