10 February 2014
To all Shareholders,
Re: Offer of Non Renounceable Rights Issue to all Shareholders
The company proposes to make a non-renounceable rights issue to all eligible shareholders on the basis for every five shares held at the record date, four new shares are to be issued at thirty one cents ($0.31) per new share.
The proposed timetable for the issue is as follows:

Announcement of Rights Issue and Lodgement of Appendix

3B and Section 708AA Cleansing Notice with ASX

10 February 2014

Notice to security holders containing the information

required by Appendix 3B and details of the timetable for the issue sent to shareholders

11 February 2014

"Ex" date from which shares commence trading without

entitlement to participate in the Rights Issue

12 February 2014

Record Date

18 February 2014

Offer and entitlement documents sent to shareholders

24 February 2014

Last day for acceptance (close date)

11 March 2014

Securities quoted on a deferred settlement basis

12 March 2014

ASX notified of under subscriptions

12 March 2014

Issue Date (deferred settlement trading ends)

13 March 2014

Normal trading commences

14 March 2014

Holding Statements sent to shareholders

19 March 2014

Also enclosed is a Notice of Intention to offer the rights issue and a copy of the New Issue Announcement lodged with ASX (Appendix 3B). The Offer Document has been lodged with ASX and is available on the ASX website.

Copies of the Offer Document and the entitlement and acceptance form will be sent to all shareholders on 11 February 2014.
Yours faithfully
Ian Mitchell
Company Secretary

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