ALICE QUEEN LIMITED — Capital/Financing Update 2017

Sep 4, 2017

5 September 2017

[First Name] [Surname] [Street Number] [Street] [Suburb] [State] [Postcode]

EXPIRY NOTICE TO OPTION HOLDERS ALICE QUEEN LIMITED (ABN 71 099 247 408)

OPTIONS EXPIRING 30 SEPTEMBER 2017

D ear Optionholder,

We refer to a letter dated 30 August 2017 from Alice Queen Limited (ASX code: AQX) (“Alice Queen” or “the Company”) regarding your options expiring 30 September 2017.

The Company has been advised by ASX that, given the expiry date of the AQXO options falls on Saturday 30 September, the final date of official quotation of the options will be 25 September 2017 (not 26 September 2017 as previously advised).

Summary of key dates for Optionholders are:

Event	Date
Last day of trading/quotation of Options	25 September 2017
Final date for exercise and payment of Options	5:00pm (AEST) on 30 September 2017
Final date for allotment of new AQX shares	Within 10 business days of expiry date of Options

Yours sincerely

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Anne Adaley Company Secretary