The Board of Directors of the Company (the “Board”) refers to the Announcements and wishes to inform
shareholders of the Company (“Shareholders”) that the Company did not receive the subscription
consideration from Burwill for Tranche 4, being the final tranche of the Subscription Shares amounting to
A$5.0 million (“Final Consideration”) on 7 November 2017 as agreed under the Variation Letter. However,
17,905,450 Shares, representing the Tranche 4 Subscription Shares, were allotted and issued to Burwill on
the same day (“Final Allotment”). The Final Consideration was received by the Company on 16 November
2017.
