Villa World : 29 Mar 2017 - Placement Cleansing Notice

29 March 2017

Issue of Placement Shares

Villa World Limited (the "Company") has today issued 8,889,000 fully paid ordinary shares in the Company, being the completion of the Placement outlined in the Company's announcement and investor presentation dated 22 March 2017.

As required by section 708A(6) of the Corporations Act 2001 (Cth) (Corporations Act), the Company notifies ASX that:

1. The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. This notice is being given under section 708A(5)(e) of the Corporations Act;

3. As at the date of this notice, the Company has complied with:

4. The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

5. Section 674 of the Corporations Act; and

6. As at the date of this notice, there is no information that is 'excluded information' (within the meaning of section 708A(7) and 708A(8) of the Corporations Act).

7. Signed for and on behalf of Villa World Limited:

   Paulene Henderson Company Secretary Villa World Limited

   For enquiries: Paulene Henderson

   Company Secretary

   Tel: (07) 5588 8888

   securityholder@villaworld.com.au