Announcement PDF ASX Announcement 8 November 2016 _____________________________________________________________________________________ POTASH WEST NL COMPANY DETAILS APPENDIX 3B ABN: 62 147 346 334 PRINCIPAL AND REGISTERED OFFICE Potash West NL Level 1 675 Murray St West Perth WA 6005 Potash West NL (‘Potash West’ or ‘the Company’) advises that the maximum number of PWNCA ordinary partly paid shares that have been issued under the Bonus Issue Prospectus dated 18 October 2016 is 87,381,076 and hereby submits an updated Appendix 3B, further to the Appendix 3B announced on 18 October 2016. POSTAL ADDRESS PO Box 1088 West Perth WA 6872 For further details please contact: W www.potashwest.com.au E info@potashwest.com.au P +61 8 9479 5386 F +61 8 9475 0847 ASX CODE PWN FRANKFURT CODE A1JH27 OTC PINK CODE PWNNY CORPORATE INFORMATION (8 November 2016) 350M Ordinary shares 123M Partly paid shares 18M Listed Options 6M Unlisted options BOARD OF DIRECTORS Adrian Griffin (Non-Executive Chairman) Patrick McManus (Managing Director) Chew Wai Chuen (Non-Executive Director) Natalia Streltsova (Non-Executive Director) Potash West NL: Patrick McManus Managing Director Phone: +61 8 9479 5386 Mob:+61 408 956 798 Email:patrick.mcmanus@potashwest.com.au Web: www.potashwest.com.au About Potash West Potash West (ASX:PWN) is an exploration company focused on developing large greensand deposits in West Australia’s Perth Basin. The Company aims to define a substantial resource base and investigate how best to recover phosphate, potash and other minerals from the Dandaragan Trough. The project is well situated in relation to infrastructure, with close access to rail, power and gas. A successful commercial outcome will allow the Company to become a major contributor to the potash and phosphate markets at a time of heightened regional demand. The Company has a major land holding over one of the world’s largest known glauconite deposits, with exploration licenses and applications covering an area of over 2,600km2. Previous exploration indicates glauconite sediments are widespread for more than 150km along strike and 30km in width. Current JORC compliant Indicated Mineral Resources stand at 250Mt at 2.9% P2O5 of phosphate mineralisation and 175Mt at 4.2% K2O, amenable to processing by the K-Max process (ASX release:3 June 2015). A pre-feasibility study is in progress for stage 1, production of phosphate fertilisers. The Company has 55% of a potash exploration project in the South Harz region of Thuringia, in Central Germany. The region has been a potash producing area for over 100 years. Appendix 3B New issue announcement Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. documents given to ASX become ASX’s property and may be made public. Introduced 01/07/96 Origin: Appendix 5 04/03/13 Information and Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, Name of entity Potash West NL ABN 62 147 346 334 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to be issued Ordinary partly paid shares (deemed to be paid to $0.001, unpaid $0.049) 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued 87,381,076 Ordinary partly paid shares (deemed to be paid to $0.001, unpaid $0.049) 3 Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) Ordinary partly paid shares (deemed to be paid to $0.001, unpaid $0.049). No cash consideration is payable upon issue. The Company will not make any call in respect of the unpaid amount within the first 6 months of issue. After that date the Company will not call more than $0.02 in any 6 month period. + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 1 Appendix 3B New issue announcement 4 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? Yes (PWNCA) If the additional +securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration Nil cash consideration as they are a bonus offer of Ordinary Partly Paid Shares to eligible shareholders. However, the Ordinary Partly Paid Shares will have a total issue price of $0.05 each and will be deeded to be paid up to $0.001 upon issue. 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Further to the Appendix 3B released 18 October 2016, a one (1) for four (4) nonrenounceable pro rata bonus issue of Ordinary Partly Paid Shares to reward shareholders for their loyalty and provide shareholders with an opportunity to participate in the continued growth of the Company. 6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? Yes If Yes, complete sections 6b – 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i 6b The date the security holder resolution under rule 7.1A was passed 30 November 2015 6c Number of +securities issued without security holder approval under rule 7.1 Nil + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 2 Appendix 3B New issue announcement 6d Number of +securities issued with security holder approval under rule 7.1A Nil 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) Nil 6f Number of +securities issued under an exception in rule 7.2 87,381,076 Ordinary partly paid shares (deemed to be paid to $0.001, unpaid $0.049) 6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation. N/A 6h If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements N/A 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements Refer to Annexure 1 7 +Issue dates 8 November 2016 Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B. + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 3 Appendix 3B New issue announcement 8 Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable) 9 10 Number 349,522,788 +Class 123,300,321 Ordinary Partly paid shares (paid to $0.001, unpaid $0.049) 17,750,000 $0.07 listed options expiring 30 November 2018 Ordinary Fully paid shares +Class Number and +class of all +securities Number 500,000 not quoted on ASX (including the +securities in section 2 if applicable) 1,992,188 $0.087 unlisted options expiring 7 November 2017 3,054,503 $0.0375 unlisted options expiring 30 June 2019 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) $0.15 unlisted options expiring 7 February 2017 N/A Part 2 - Pro rata issue 11 Is security required? 12 Is the issue renounceable or nonrenounceable? Non-renouceable 13 Ratio in which the +securities will be offered One (1) for four (4) non-renounceable pro rata bonus issue of Ordinary Partly Paid Shares 14 +Class of +securities to which the offer relates Ordinary partly paid shares (deemed to be paid to $0.001, unpaid $0.049) 15 +Record 1 November 2016 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? date entitlements holder to approval determine No Yes + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 4 Appendix 3B New issue announcement 17 Policy for deciding entitlements in relation to fractions Rounded to the nearest whole number 18 Names of countries in which the entity has security holders who will not be sent new offer documents Shareholders in all countries are entitled to the non-renounceable pro rata bonus issue of Ordinary Partly Paid Shares Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt acceptances or renunciations of 20 Names of any underwriters N/A 21 Amount of any underwriting fee or commission N/A 22 Names of any brokers to the issue N/A 23 Fee or commission payable to the broker to the issue N/A 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders N/A 25 If the issue is contingent on security holders’ approval, the date of the meeting N/A 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 19 October 2016 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 19 October 2016 28 Date rights trading will begin (if applicable) N/A 29 Date rights trading will end (if applicable) N/A 7 November 2016 + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 5 Appendix 3B New issue announcement 30 How do security holders sell their entitlements in full through a broker? N/A 31 How do security holders sell part of their entitlements through a broker and accept for the balance? N/A 32 How do security holders dispose of their entitlements (except by sale through a broker)? N/A 33 +Issue date 8 November 2016 Part 3 - Quotation of securities You need only complete this section if you are applying for quotation of securities 34 Type of +securities (tick one) (a) +Securities described in Part 1 (b) All other +securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 6 Appendix 3B New issue announcement 100,001 and over A copy of any trust deed for the additional +securities 37 Entities that have ticked box 34(b) 38 Number of +securities for which +quotation is sought 39 +Class 40 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? of +securities for which quotation is sought If the additional +securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another +security, clearly identify that other +security) + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 7 Appendix 3B New issue announcement +Class Number 42 Number and +class of all +securities quoted on ASX (including the +securities in clause 38) Quotation agreement 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX. • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose. • There is no reason why those +securities should not be granted +quotation. • An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted. • If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted. 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Sign here: Patrick McManus (Director) Print name: Patrick McManus Date: 8 November 2016 == == == == == + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 8 Appendix 3B New issue announcement Appendix 3B – Annexure 1 Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities Introduced 01/08/12 Amended 04/03/13 Part 1 Rule 7.1 – Issues exceeding 15% of capital Step 1: Calculate “A”, the base figure from which the placement capacity is calculated Insert number of fully paid +ordinary securities on issue 12 months before the +issue date or date of agreement to issue 230,679,615 Add the following: • Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2 • Number of fully paid +ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid +ordinary securities that became fully paid in that 12 month period 44,128,219 72,408,665 40,779 Note: • Include only ordinary securities here – other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items Subtract the number of fully paid +ordinary securities cancelled during that 12 month period Nil “A” 347,257,278 + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 9 Appendix 3B New issue announcement Step 2: Calculate 15% of “A” “B” 0.15 [Note: this value cannot be changed] Multiply “A” by 0.15 52,088,592 Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued: • Under an exception in rule 7.2 2,265,510 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items “C” 2,265,510 Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1 “A” x 0.15 52,088,592 Note: number must be same as shown in Step 2 Subtract “C” 2,265,510 Note: number must be same as shown in Step 3 Total [“A” x 0.15] – “C” 49,823,082 [Note: this is the remaining placement capacity under rule 7.1] + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 10 Appendix 3B New issue announcement Part 2 Rule 7.1A – Additional placement capacity for eligible entities Step 1: Calculate “A”, the base figure from which the placement capacity is calculated “A” 347,257,278 Note: number must be same as shown in Step 1 of Part 1 Step 2: Calculate 10% of “A” “D” 0.10 Note: this value cannot be changed Multiply “A” by 0.10 34,725,728 Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A - Notes: • This applies to equity securities – not just ordinary securities • Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained • It may be useful to set out issues of securities on different dates as separate line items “E” - + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 11 Appendix 3B New issue announcement Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A “A” x 0.10 34,725,728 Note: number must be same as shown in Step 2 Subtract “E” - Note: number must be same as shown in Step 3 Total [“A” x 0.10] – “E” 34,725,728 Note: this is the remaining placement capacity under rule 7.1A + See chapter 19 for defined terms. 04/03/2013 Appendix 3B Page 12 Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity Potash West NL ABN 62 147 346 334 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Adrian Griffin Date of last notice 2 November 2016 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest Direct Indirect Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Adrian Griffin & Josephine Norman <The Global Super Fund A/C> of which Adrian Griffin is a beneficiary Date of change 8 November 2016 No. of securities held prior to change Direct 7,723,425 Fully paid ordinary shares 2,847,238 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 496,158 Fully paid ordinary shares 48,079 Partly paid ordinary shares to $0.001, unpaid to $0.049 Class Partly paid ordinary shares to $0.001, unpaid to $0.049 + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice Number acquired Direct 1,930,860 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 124,040 Partly paid ordinary shares to $0.001, unpaid to $0.049 Number disposed Nil Value/Consideration Direct Deemed consideration of $0.001 per share Note: If consideration is non-cash, provide details and estimated valuation Indirect Deemed consideration of $0.001 per share No. of securities held after change Direct 7,723,425 Fully paid ordinary shares 4,778,098 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 496,158 Fully paid ordinary shares 172,119 Partly paid ordinary shares to $0.001, unpaid to $0.049 Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Partly Paid Shares issued pursuant to Bonus issue of Non-Renounceable Entitlements issue Part 2 – Change of director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract N/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of change N/A + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice No. and class of securities to which N/A interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired N/A Interest disposed N/A Value/Consideration N/A Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A Part 3 – +Closed period Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date was N/A this provided? + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity Potash West NL ABN 62 147 346 334 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Patrick McManus Date of last notice 2 November 2016 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest Indirect 1 Indirect 2 Indirect 3 Nature of indirect interest (including registered holder) Indirect 1 Vivienne McManus, McManus Note: Provide details of the circumstances giving rise to the relevant interest. spouse of Patrick Indirect 2 Roberin Pty Ltd <McManus Family Trust>, of which Patrick McManus is a beneficiary Indirect 3 Mr Patrick Bernard McManus & Mrs Vivienne McManus <McManus Super Fund> of which Patrick McManus is a beneficiary Date of change 8 November 2016 + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice No. of securities held prior to change Indirect 1 94,083 Fully paid ordinary shares 13,708 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 2 1,774,389 Fully paid ordinary shares 1,553,615 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 3 5,643,322 Fully paid ordinary shares Class Partly paid ordinary shares to $0.001, unpaid to $0.049 Number acquired Indirect 1 23,521 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 2 443,598 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 3 1,410,831 Partly paid ordinary shares to $0.001, unpaid to $0.049 Number disposed Nil Value/Consideration Indirect 1 Deemed consideration of $0.001 per share Note: If consideration is non-cash, provide details and estimated valuation Indirect 2 Deemed consideration of $0.001 per share Indirect 3 Deemed consideration of $0.001 per share + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice No. of securities held after change Indirect 1 94,083 Fully paid ordinary shares 37,229 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 2 1,774,389 Fully paid ordinary shares 1,997,213 Partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 3 5,643,322 Fully paid ordinary shares 1,410,831 Partly paid ordinary shares to $0.001, unpaid to $0.049 Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Partly Paid Shares issued pursuant to Bonus issue of Non-Renounceable Entitlements issue Part 2 – Change of director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract N/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of change N/A No. and class of securities to which N/A interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired N/A Interest disposed N/A Value/Consideration N/A Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 Appendix 3Y Change of Director’s Interest Notice Part 3 – +Closed period Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date was N/A this provided? + See chapter 19 for defined terms. Appendix 3Y Page 4 01/01/2011 Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity Potash West NL ABN 62 147 346 334 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Chew Wai Chuen Date of last notice 2 November 2016 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest Direct Indirect Nature of indirect interest (including registered holder) Aaron Sim Kwang Liang on behalf of Chew Wai Chuen Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 8 November 2016 No. of securities held prior to change Direct 806,196 Fully paid ordinary shares Indirect 499,376 Fully paid ordinary shares Class Partly paid ordinary shares to $0.001, unpaid to $0.049 + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice Number acquired Direct 201,550 partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 124,845 partly paid ordinary shares to $0.001, unpaid to $0.049 Number disposed Nil Value/Consideration Direct Deemed consideration of $0.001 per share Note: If consideration is non-cash, provide details and estimated valuation Indirect Deemed consideration of $0.001 per share No. of securities held after change Direct 806,196 Fully paid ordinary shares 201,550 partly paid ordinary shares to $0.001, unpaid to $0.049 Indirect 499,376 Fully paid ordinary shares 124,845 partly paid ordinary shares to $0.001, unpaid to $0.049 Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Partly Paid Shares issued pursuant to Bonus issue of Non-Renounceable Entitlements issue Part 2 – Change of director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract N/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of change N/A + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice No. and class of securities to which N/A interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired N/A Interest disposed N/A Value/Consideration N/A Note: I