Appendix 3B

Unlisted Options

Do the +securities rank equally in all respects from the +issue date 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) or interest payment

·    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes, upon exercise in to Ordinary Shares

Nil cash consideration – Options issued under ESOP

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

As per Employee Incentive Scheme and Consulting Agreements

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

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

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

12,100,000

+Issue dates

Note: The issue date may be prescribed by ASX (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.

Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)

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.

Date rights trading will begin

(if applicable)

Date rights trading will end

(if applicable)

How do security holders dispose of their entitlements

(except by sale through a broker)?

Type of +securities

(tick one)

All other +securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

Do the +securities rank equally in all respects from the +issue date 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) or interest payment

·    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another +security, clearly identify that other +security)

Add the following:

•     Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2

•     Number of fully paid +ordinary securities issued in that 12 month period with shareholder approval

•     Number of partly paid +ordinary securities that became fully paid in that 12 month period

Note:

•     Include only ordinary securities here – other classes of equity securities cannot be added

•     Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

•     It may be useful to set out issues of securities on different dates as separate line items

Nil

Nil

Nil

0.15

[Note: this value cannot be changed]

Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued:

•     Under an exception in rule 7.2

•     Under rule 7.1A

•     With security holder approval under rule 7.1 or rule 7.4

Note:

•     This applies to equity securities, unless specifically excluded – not just ordinary securities

•     Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

•     It may be useful to set out issues of securities on different dates as separate line items

“A” x 0.15

Note: number must be same as shown in Step 2

Subtract “C”

Note: number must be same as shown in Step 3

80,083,721

[Note: this is the remaining placement capacity under rule 7.1]

“A”

Note: number must be same as shown in Step 1 of Part 1

0.10

Note: this value cannot be changed

Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Notes:

•     This applies to equity securities – not just ordinary securities

•     Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed

•     Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

•     It may be useful to set out issues of securities on different dates as separate line items

“A” x 0.10

Note: number must be same as shown in Step 2

Subtract “E”

Note: number must be same as shown in Step 3

53,389,147

Note: This is the remaining placement capacity under rule 7.1A