AJ LUCAS GROUP LIMITED — Capital/Financing Update 2017

May 28, 2017

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AJ Lucas Group Limited ABN: 12 060 309 104 1 Elizabeth Plaza North Sydney NSW 2060 PO Box 538 North Sydney NSW 2069 T (02) 9490 4000 F (02) 9490 4200 www.lucas.com.au

29 May 2017

The Manager ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Via electronic lodgement

Dear Sir/Madam

Issue of Placement Shares

AJ Lucas Group Limited (the " Company ") has today issued 18,209,091 fully paid ordinary shares in the Company, being the completion of the Placement outlined in the Company's announcement and investor presentation dated 18 May 2017.

As required by section 708(6) of the Corporations Act 2001 (Cth) (the " Corporations Act "), the Company notifies ASX that:

• (a) the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) this notice is being given under section 708(5)(e) of the Corporations Act;

• (c) as at the date of this notice, the Company has complied with:

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

  • (ii) section 674 of the Corporations Act; and

• (d) as at the date of this notice, there is no information that is 'excluded information' (within the meaning of sections 708A(7) and 708A(8) of the Corporations Act).

Signed for and on behalf of AJ Lucas Group Limited:

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Marcin Swierkowski

Company Secretary AJ Lucas Group Limited

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