25 August 2016

Silverstone litigation

As referred to in the Company's announcement of 12 August 2016, the Company participated in a mediation on 23 and 24 August 2016 together with all other parties to the proceedings.

The Company advises that the mediation did not result in a resolution of the proceedings, however negotiations are continuing.

Details of the mediation are confidential and privileged, so the Company is not able to comment any further on the conduct of the mediation.

The matter is listed for further Court directions on 30 August 2016 and is scheduled for trial from 5-28 October 2016 if not resolved before then.

For enquiries: Craig Treasure

CEO/Managing Director Tel: (07) 5588 8888

securityholder@villaworld.com.au

Villa World Limited published this content on 25 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2016 23:24:05 UTC.

Original documenthttp://villaworld.com.au/sites/default/files/ASX_Announcements/ASX announcement - Siverstone mediation outcome.pdf

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