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ADSLOT LTD. Capital/Financing Update 2010

Jan 7, 2010

64306_rns_2010-01-07_52a1e43a-b4d2-4c20-8b19-99d829a2e5cf.pdf

Capital/Financing Update

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==> picture [122 x 38] intentionally omitted <==

Webfirm Group Limited 23 Union St, South Melbourne www.webfirmgroup.com ABN: 70 001 287 510 Victoria 3250 Australia T: +61 (0) 3 8695 9199 ASX: WFM E: [email protected] F: +61 (0) 3 9696 0700

8 January 2010

The Manager Company Notices Section ASX Limited Level 45, 525 Collins Street MELBOURNE VIC 3000

Notice under section 708AA(2)(f) of the Corporations Act 2001 as modified by ASIC Class Order 08/35

This notice is given by Webfirm Group Limited ABN 70 001 287 510 ( Webfirm ) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (the Act ) as modified by the Australian Securities and Investments Commission Class Order 08/35 ( CO 08/35 ).

Webfirm has announced a non-renounceable entitlement offer ( Entitlement Offer ) of 3 securities ( New Securities ) for every 5 Webfirm securities held as at 7.00pm (Melbourne time) on Monday, 18 January 2010 by security holders with a registered address in Australia and New Zealand and eligible security holders in other jurisdictions as determined by Webfirm. The Entitlement Offer is fully underwritten by E.L. & C. Baillieu Stockbroking Ltd and sub-underwritten by Adrian Giles, one of the directors of Webfirm, Chris Morris, a substantial shareholder of Webfirm, and other persons identified by E.L. & C. Baillieu Stockbroking Ltd.

Webfirm advises that:

  • (a) the New Securities will be offered for issue without disclosure to investors under Part 6D.2 of the Act and without a Product Disclosure Statement for the New Securities being prepared;

  • (b) this notice is being given under sections 708AA(2)(f) of the Act as modified by CO 08/35;

  • (c) as a disclosing entity, Webfirm is subject to regular reporting and disclosure obligations;

  • (d) as at the date of this notice, Webfirm has complied with:

    • (i) the provisions of Chapter 2M of the Act as they apply to Webfirm; and

    • (ii) section 674 of the Act as it applies to Webfirm;

  • (e) as at the date of this notice, there is no excluded information of the type referred to in sections 708AA(8) and 708AA(9) of the Act as modified by CO 08/35; and

  • (f) the potential effect of the Entitlement Offer will have on the control of Webfirm and the consequences of that effect will depend on a number of factors, including investor demand and existing shareholdings. If all security holders take up their entitlements then the Entitlement Offer will not have a material effect on control of Webfirm. It is anticipated that Mr Chris Morris will continue to be the only substantial holder in the Company.

Yours sincerely

Damian Element Chief Financial Officer & Company Secretary

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