ADSLOT LTD. — Capital/Financing Update 2010

Oct 24, 2010

Webfirm Group Limited ABN: 70 001 287 510 ASX: WFM

==> picture [115 x 36] intentionally omitted <==

23 Union St, South Melbourne www.webfirm.com Victoria 3250 Australia T: +61 (0) 3 8695 9199 E: info@webfirm.com F: +61 (0) 3 9696 0700

A S X A N N O U N C E M E N T

25 October 2010 Manager Announcements Company Announcement Office Australian Stock Exchange By: eLodgement

Outcome of Share Purchase Plan

Webfirm Group Limited (ASX: WFM) wishes to advise that the Share Purchase Plan (SPP) announced on 13 September 2010 has closed.

The directors are pleased to announce that the SPP has received a very positive response from Webfirm shareholders, and the amount received under the SPP is higher than that anticipated at the time of the announcement.

The directors have given careful consideration to the higher than expected amount received under the SPP and having regard to the growth plans for the Company, and after consultation with a number of the major shareholders, the directors have taken the decision to accept all SPP applications in full (that is to say, the directors will not impose any “scaling back” on the applications received).

The key data in relation to the SPP outcome is as follows:

• 925 applications received

• $12,273,597 raised

• 94,412,286 ordinary Webfirm shares to be issued

The SPP was underwritten up to $4m by E.L. & C. Baillieu Stockbroking Ltd, however due to the high number of SPP subscriptions no shares are required to be issued to the underwriter.

The SPP, along with the recent successful placement of shares to raise $7.5m announced on 13 September 2010, brings the cash reserves of the Company to $22m. The funds raised by the SPP will be used for the international expansion of the Adslot business, strategic investments and acquisitions where appropriate, and for general working capital.

The following key dates apply to the allotment and trading of shares issued under the SPP:

Allotment Date
Date upon which Shares will be allotted	Friday 29 October 2010
Share Trading Date
Date upon which Shares are expected to	Monday 1 November 2010
commence trading on ASX
Dispatch Date
Dispatch of holder statements	Monday 1 November 2010

M E L B O U R N E

S Y D N E Y

B R I S B A N E

P E R T H

The directors wish to thank the shareholders of Webfirm Group Limited for their ongoing support of the Company, and look forward to advising members on the progress of the company over the coming months.

Yours sincerely

==> picture [173 x 64] intentionally omitted <==

Adrian Giles Chairman

==> picture [518 x 237] intentionally omitted <==