Bradken : Appendix 3B for Share Rights

Rule 2.7,3.10.3, 3.10.4, 3.10.5

New issue announcement,

application for quotation of additional securities and agreement

Information ordocuments not available nowmust be given to ASX as soon as available. Information and documents given toASX become ASX's property and may be n1ade public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, u/03/0-i., 01/01/03, 24/10/05, 01/08/12,

04/03/13

Name of entity

IBradken Limited

ABN

We (the entity) give ASX the following information.

Part 1• All issues

You must complete the relevant sections (attach sheets ifthere is not enough space).

I +Class of +securities issued or toIOrdina1y Shares

be issued

2,744,741

2Number of +securities issued or to be issued (if known) ormaximum number which may be issued

Fully paid ordinary shares

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)

+See chapter 19for defined terms.

04/03/2013 Appendix 3B Page1

Appendix 3B

New issue announcement

1. Do the +securities rank equally in all respects from the +issuedate with an existing +class of quoted +securities?

   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) orinterest payment

   • the extent to which they do not rank equally, other than in relation to the nextdividend, distribution or interest payment

2. Issue price or consideration

3. Purpose of the issue

(Ifissued as consideration for the acquisition of assets, clearlyidentify those assets)

No

6a ls the entity an +eligible entity that has obtained security holder approval under rule 7.iA?

IfYes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B,and comply with section 6i

Yes

Shares issued on vesting of rights pursuant to the Bradken Limited Share Rights Plans.

.

$3.25 per share

6b The date the security holderIN/A

resolution under rule 7.IA. was

passed

6c Number of +securities issuedINIA

without security holder approval

under rule 7.1 .

6d Number of +securities issuedIN/A

with security holder approval under rule 7.iA

+ See chapter19 for defined terms.

Appendix 3B Page 2

NIA

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

6f Number of +securities issued INIA

under an exception in rule 7.2

NIA

6g If +securities issued under rule7.-iA, was issue price at least 75% of 15 day VWAP as calculated under rule 7.-iA.3? Include the

+issue date and both values. Include the source of the VWAP calculation.

NIA

6h If+securities were issued under rule 7.-iA for non-cash consideration, state date onwhich valuation of consideration was released toASX Market Announcements

NIA

6i Calculate the entity's remaining issue capacity under rule 7.1and rule 7.-iA - complete Annexure 1and release to ASX Market AnnoU11cements

13 March 2017

7 +Issue dates

Note: The issue date may be prescribed byASX (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.

1. Number and +c]ass of all

   +securities quoted on ASX ( including the +securities in section 2if applicable)

   Number	+class
   Nil

2. Number and +class of all

+securities not quoted on ASX

(including the +securities in section 2if applicable)

+ See chapter19 for defined terms.

Appendix 3B Page 3

Appendix 3B

New issue announcement

Rank equally with existing fully paid ordinary shares.

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Part 2 - Pro rata issue

11 Is security holder approval required?

12 Is the issue renounceable or non­ renounceable?

13 Ratio in which the +securities will be offered

14 +Class of +securities to which the offer relates

15 +Record date to determine entitlements

1. Will holdings on different Iregisters {or subregisters) be aggregated for calculating

   entitlements?

2. Policy for deciding entitlements in relation to fractions

3. Names of countries in which the entity has security holders who will not be sent new offer documents

   Note: Security holders must be told how their entitlements are to be dealt with.

   Cross reference: rule 7.7.

4. Closing date for receipt of

acceptances or renunciations

20 Names of any underwriters

21 Amount of any unde1writing fee or commission

+See chapter 19for defined terms.

Appendix 3B Page 4