A ppendix 3B R ule 2.7, 3.10.3, 3.10.4, 3.10.5 N ew issue announcement, a pplication for quotation of additional securities a nd agreement I nformation or documents not available now must be given to ASX as soon as available. d ocuments given to ASX become ASX s property and may be made public. Information and Introduced 01/ 07/96 Origin: 5 Amended 01/ 07/98, 01/ 09/99, 01/ 07/00, 30/ 09 /01, 11/ 03/02, 01/ 01 /03, 24/ 10/05, 01/08/ 12 Name of entity U ltima United L imited A BN 30 123 920 990 W e (the entity) give ASX the following information. Part 1 - A ll issues Y ou must complete the relevant sections (attach sheets if there is not enough space). 1 C lass of issued or to b e issued O rdinary Shares 2 N umber of securities issued or to be issued (if known) or maximum number which may be i ssued 3 P rincipal terms of the securities (eg, if options, exercise price and expiry date; if partly paid securities, the amount outstanding and due d ates for payment; if convertible securities, t he conversion price and dates for conversion) 4 D o the securities rank equally in all respects f rom the date of allotment with an existing c lass o f quoted? 6,132,109 F ully Paid Y es If the additional securities do not rank equally, p lease state: t he date from which they do the extent to which they participate for the next dividend, (in the case of a trust, d istribution) or interest payment t he extent to which theydo not rank equally, other than in relation to the next dividend, d istribution or interest payment
5 I ssue price or consideration $ 0. 20 p er Share 6 P urpose of the issue (If issued as consideration for the acquisition of assets, c learly identify those assets) These shares a re i ssued pursuant to the capital raising o ffer contained in the Company s P rospectus dated 15 S eptember 2014. 6 a I s the entity an eligible entity that has s ecurity holder approval under rule 7.1A? obtained Y es 6b I f Yes, complete sections 6b 6 h in relation to the the subject of this 3 B, and comply w ith section 6i The date the w as passed security holder resolution under rule 7.1A 15 September 2014 6 c N umber of securities issued without security holder a pproval under rule 7.1 6d N umber of securities issued a pproval under rule 7.1A with security holder 6 e N umber of securities issued with security holder a pproval under rule 7.3, or another specific security h older approval (specify date of meeting) 6,132,109 o rdinary shares S hareholder approval w as obtained on 15 September 2014 6 f Number of securities issued under an exception in r ule 7.2 6 g I f securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include t he source of the VWAP calculation. 6 h If securities were issued under rule 7.1A for non- cash consideration, state date on which valuation of consideration was released to ASX Market A nnouncements 6 i Calculate the entity s remaining issue capacity under r ule 7.1 and rule 7.1A complete Annexure 1 and release to ASX Market A nnouncements R ule 7.1 3,825,098 R ule 7.1A 2, 550,065 7 D ates of entering securities into h oldings or despatch of certificates uncertificated 4 November 2014 See chapter 19 for defined terms. 3B Page 2 01/08/ 2012
8 N umber and c lass of all securities quoted on ASX ( i ncluding t he securities in s ection 2 if a pplicable) N umber C lass 25,500,652 F ully Paid Ordinary Shares 9 N umber and c lass of all securities not quoted on ASX ( i ncluding the securities in section 2 if a pplicable) N umber C lass 10 D ividend policy (in the case of a trust, distribution ( interests) policy) on the increased capital Part 2 - B onus issue or pro rata issue 11 I s security holder approval required? 12 Is the issue renounceable or non- r enounceable? Not a pplicable 13 R atio in which the will be offered 14 lass of r elates C securities to which the offer 15 R ecord date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for c alculating entitlements? 17 Policy for deciding entitlements in r elation to fractions 18 Names of countries in which the entity h as s ecurity holders who will not be sent n ew issue documents Note: Security holders must be told how their entitlements a re to be dealt with. C ross reference: rule 7.7. 19 Closing date for receipt of acceptances or r enunciations
20 N ames of any underwriters 21 A mount of any underwriting fee or commission 22 N ames of any brokers to the issue 23 Fee or commission payable to the broker to the i ssue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf o f s ecurity holders 25 I f the issue is contingent on security a pproval, the date of the meeting holders 26 D ate entitlement and acceptance form and prospectus or Product Disclosure Statement will b e sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, t he date on which notices will be sent to option h olders 28 D ate rights trading will begin (if applicable) 29 D ate rights trading will end (if applicable) 30 H ow do security holders sell their entitlements i n full t hrough a broker? 31 H ow do security holders sell p art of their entitlements through a broker and accept for the b alance? 32 H ow do security holders dispose of their e ntitlements (except by sale through a b roker)? 33 D espatch date See chapter 19 for defined terms. 3B Page 4 01/08/ 2012
Part 3 - Q uotation of securities Y ou need only complete this section if you are applying for quotation of securities 34 T ype of securities ( t ick one) ( a) S ecurities described in Part 1 ( b) A ll other securities E ntities A dditional Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, e mployee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible that have ticked box 34(a) securities forming a new class of securities Tick to indicate you are providing the information or d ocuments 35 I f the are equity securities, the names of the 20 largest holders of the a dditional, and the number and percentage of additional securities h eld by those holders 36 I f the are equity securities, a distribution schedule of the additional setting out the number of holders in the categorie s 1-1,000 1,001-5,000 5,001-10,000 10,001-100,000 100,001 and over 37 A copy of any trust deed for the additional E ntities that have ticked box 34(b) 38 Number of securities for which q uotation is sough t 39 C lass of securities q uotation is sought for which
40 D o the securities rank equally in all respects from the date of a llotment with an existing class o f quoted? If the additional securities do not r ank equally, please state: t he date from which they do t he extent to which they participate for the next dividend, (in the case of a trust, distribution) p ayment or interest the extent to which they do not rank equally, other than in relation to the next dividend, distribution p ayment or interest 41 Reason for request for quotation n ow Example: In the case o f restriction period of restricted securities, end (if issued upon conversion of another security, clearly identify t hat other security) 42 N umber and class of all securities quoted on ASX ( i ncluding the securities in clause 38) N umber C lass See chapter 19 for defined terms. 3B Page 6 01/08/ 2012
Q uotation agreement 1 Q uotation of our additional m ay quote the 2 W e warrant the following to ASX. securities is in ASX s absolute discretion. on any conditions it decides. ASX T he issue of the securities to be quoted complies with the law and is n ot for an illegal purpose. T here is no reason why those securities q uotation. should not be granted A n offer of the securities for sale within 12 months after their issue will n ot require disclosure under section 707(3) o r section 1012C(6) of the C orporations Act. N ote: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able t o give this warranty Section 724 or section 1016E of the Corporations Act does not apply to a ny applications received by us in relation to any to be quoted and that no- o ne has any right to return any securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the t ime that we request that the be quoted. I f we are a trust, we warrant that no person has the right to return the to be quoted under section 1019B of the Corporations Ac t at t he time that we request that the be quoted. 3 We will indemnify ASX to the fullest extent permitted by law in respect of any c laim, action or expense arising from or connected with any breach of the w arranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before q uotation of the begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and c omplete. S ign here: Date: 4 N ovember 2014 C ompany Secretary P rint name: C ecilia Chiu = = == == == == See chapter 19 for defined terms. 01/08/ 2012 3B Page 7
A ppendix 3B A nnexure 1 Calculation of placement capacity under rule 7.1 and rule 7.1A f or e ligible entities Introduced 01/08/ 12 P art 1 R ule 7.1 I ssues exceeding 15% of capital Step 1: Calculate A, the base figure from which the placement capacity is c alculated I nsert number of fully paid ordinary securities on issue 12 months before date o f issue or agreement to issue A dd t he 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 s hareholder approval Number of partly paid ordinary securities that became fully paid in that 12 month period N ote: I nclude only ordinary securities here o ther classes of equity securities c annot be added Include here (if applicable) the securities the subject of the 3 B to which this form is annexed It may be useful to set out issues of securities on different dates as s eparate line items S ubtract the number of fully paid ordinary securities cancelled during that 12 month p eriod 19,368,543 6,132,109 A 25,500,652 See chapter 19 for defined terms. 3B Page 8 01/08/ 2012
S tep 2: Calculate 15% of A B 0.15 [ Note: this value cannot be changed] M ultiply A by 0.15 3,825,098 S tep 3: Calculate C, the amount of placement capacity under rule 7.1 that has already been used I nsert number of equity securities issued or agreed to be issued in that 12 month period n ot counting t hose issued: U nder an exception in rule 7. 2 U nder rule 7.1A W ith security holder approval under r ule 7.1 or rule 7.4 N ote: This applies to equity securities, unless s pecifically excluded not just ordinary Include here (if applicable ) the securities the subject of the 3 B to which this form is annexed I t may be useful to set out issues of securities on different dates as s eparate line items C Step 4: Subtract C from [ A x B ] to calculate remaining p lacement capacity under rule 7.1 A x 0.15 Note: number must be same as shown in S tep 2 S ubtract C Note: number must be same as shown in S tep 3 3,825,098 T otal [ A x 0.15] C 3,825,098 [Note: this is the remaining placement c apacity under rule 7.1] See chapter 19 for defined terms. 01/08/ 2012 3B Page 9
P art 2 R ule 7.1A A dditional placement capacity for eligible entities Step 1: Calculate A, the base figure from which the placement c apacity is calculated A Note: number must be same as shown in S tep 1 of Part 1 25,500,652 S tep 2: C alculate 10% of A D 0.10 N ote: M ultiply A by 0.10 2,550,065 this value cannot be changed Step 3: Calculate E, the amount of placement capacity under rule 7.1A that has already been used I nsert number of equity securities issued or agreed to be issued in that 12 month p eriod under rule 7.1A N otes: T his applies to equity securities not j ust ordinary securities I nclude here i f applicable the securities the subject of the 3B to wh ich 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 h older approval has been obtained It may be useful to set out issues of on different dates as s eparate line items E See chapter 19 for defined terms. 3B Page 10 01/08/ 2012
Step 4: Subtract E from [ A x D ] to calculate remaining p lacement capacity under rule 7.1A A x 0.10 Note: number must be same as shown in S tep 2 S ubtract E Note: number must be same as shown in S tep 3 2,550,065 T otal [ A x 0.10] E 2,550,065 Note: this is the remaining placement c apacity under rule 7.1A See chapter 19 for defined terms. 01/08/ 2012 3B Page 11