ENTITLEMENT OFFER
for a non-renounceable entitlements offer to Eligible Shareholders of up to
1,361,900,851 New Shares on the basis of 1 New Share for every 1 Share held
on Wednesday 30 October 2013 at an issue price of 0.5 cent per New Share.
The entitlements offer closes at 5:00 pm (Sydney time)
on Friday 15 November 2013.
THE OFFER IS NOT UNDERWRITTEN
THE MAXIMUM AMOUNT THAT MAY BE RAISED
UNDER THIS OFFER IS $6.8 MILLION
SHAREHOLDERS MAY APPLY FOR ADDITIONAL NEW SHARES

This Offer Document is important and requires your immediate attention. You should read it in its entirety.
The Corporations Act allows listed companies to make a pro rata entitlement offer of securities to existing Shareholders without a disclosure document. The Offer to which this Offer Document relates complies with the requirements of section 708AA of the Corporations Act as modified by ASIC Class Orders 07/571 and 08/35.
Accordingly, the Offer is made without disclosure under Part 6D.2 of the Corporations Act and this Offer Document is not required to be lodged or registered with ASIC.

This Offer Document is provided for information purposes and is not a prospectus or other disclosure document for the purposes of the Corporations Act. It does not contain all of the information required to be disclosed in a prospectus and does not necessarily contain all of the information which a prospective investor may require to make an investment decision regarding, or about the rights attaching to the New Shares offered by this Offer Document.

If after reading this Offer Document, you do not understand it or have any questions about the New Shares being issued under this Offer Document or any other matter, you should consult your sharebroker, accountant or other adviser without delay in order to satisfy yourself as to the contents of this Offer Document. This Offer should be considered speculative and read in conjunction with the risk factors outlined in Section 4 of this Offer Document.

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