ARCHER MATERIALS LIMITED — Capital/Financing Update 2012

Apr 4, 2012

Archer Exploration Limited ABN 64 123 993 233

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Share Purchase Plan

The Offer closes at 5.00 pm (ACST) on 7 May 2012

Share Purchase Plan Booklet

This is an important document. The Offer does not take into account the individual investment objectives, financial situation or particular needs of each Eligible Shareholder. Accordingly, before making a decision whether or not to accept the Offer, you should consult your financial or other professional adviser.

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Archer Exploration Limited ABN 64 123 993 233

Contents

nts
Key Dates	2
Chairman’s Letter	3
Questions and Answers	4
Terms and Conditions	6
Glossary	11

Key dates*

Key dates*
Record Date for SPP	28 March 2012	Date for determining Eligible Shareholders
Opening Date	5 April 2012	Date that SPP offer documentation is despatched to
		Eligible Shareholders and the SPP opens.
Closing Date	7 May 2012	Offer closes at 5:00pm (ACST) on this date
Issue Date	16 May 2012	Shares to be issued under the Plan are allotted
Despatch Date	18 May 2012	Confrmation of transaction despatched to
		shareholders

• Dates are indicative only and Archer retains the right to vary each of these dates without advance notification to you. However, any alteration to these dates will be notified to the ASX. The timetable is indicative only and the Company may, at its discretion, vary any of the above dates by making an announcement to ASX.

Important notices

The offer contained in this document is not a recommendation to purchase Shares. If you are in any doubt about the Offer, you should consult your financial or other professional adviser.

If you apply to participate in the Offer by making a BPAY® payment or completing and returning the Application Form with a cheque or money order, then you are accepting the risk that the market price of Shares may change between the date of the Offer and the Allotment Date. This means it is possible that, up to or after the Allotment Date, you may be able to buy Shares on ASX at a lower price than the Offer Price.

Participation in the Offer is not being offered, directly or indirectly, in the United States or to any person that is, or is acting for the account or benefit of, a US Person. This document and any related offering documents must not be mailed or otherwise transmitted or distributed in or into the United States or to any person that is, or is acting for the account or benefit of, a US Person.

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Archer Exploration Limited ABN 64 123 993 233

Letter from the Chairman

Dear Shareholder,

On behalf of the Directors of Archer Exploration Limited (Archer), I am pleased to offer you the opportunity to participate in a Share Purchase Plan ( SPP ), allowing you to purchase up to $15,000 of new Archer ordinary shares without brokerage and transaction costs.

The SPP is designed to raise up to $1.5 million and Archer will not be accepting any oversubscriptions. In addition to the SPP, on 29 March 2012 Archer announced that it had conducted a placement of ordinary shares to institutional and professional investors (the Placement ) at a price of $0.30 per share, raising at total of $3.0 million before costs.

The funds raised under the Placement and SPP will be used to:

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Greg English LLB, BE (Mining) Chairman

• Accelerate resource drilling at the Campoona high grade flake graphite project where previous drilling has identified wide intercepts of graphite.

• Commence resource drilling at the Sugarloaf graphite project.

• Continue metallurgical test work at the Leigh Creek magnesite project.

• Provide the Company with working capital to enable it to support its current operations and to meet the costs of the Placement and SPP.

Participation in the SPP is entirely voluntary. You may apply for a parcel of ordinary shares valued at either $1,200, $3,000, $6,000, $7,500, $9,000, $12,000 or $15,000 lots or alternatively, you may do nothing, thereby retaining your current shareholding.

To apply for a parcel of ordinary shares under the SPP all you need to do is follow the instructions on the enclosed personalised application form. The SPP opens on Thursday, 5 April 2012 and is expected to close at 5.00pm (Adelaide time) on Monday, 7 May 2012.

New shares will be issued under the SPP at a price of $0.30 per share which is the same price paid by institutions and professional investors under the Placement. The share price of $0.30 represents a discount of 7.7% to the Archer share price on ASX on the Record Date and a 3.1% discount to the 5 day volume weighted average share price.

If the total value of applications for ordinary shares under the SPP is more than $1.5 million, then Archer will undertake a scale back. Should this occur, then you may be allocated ordinary shares to a value which is less than the parcel of ordinary shares you applied for.

This booklet sets out the details and terms and conditions of the SPP and I urge you to read it in its entirety before you decide whether to participate. If you have any concerns about what to do, you should consult your stockbroker, accountant, professional adviser or call the Share Registry, Computershare Investor Services Pty Limited, on 1300 738 349 (callers within Australia) or +61 3 9415 4649 (callers outside Australia).

On behalf of the Board, I invite you to consider this opportunity to increase your investment in the Company.

Yours sincerely,

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Greg English Chairman Archer Exploration Limited

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Archer Exploration Limited ABN 64 123 993 233

Common Questions and Answers

Set out below are answers to some key questions that you may have about the Offer. This table is qualified by and should be read in conjunction with the Terms and Conditions.

Question	Answer
What is a Share Purchase Plan	The SPP is a convenient way for Eligible Shareholders
(SPP?)	to purchase additional shares in the Company without
	brokerage and transaction costs. All Shares issued to you
	under the SPP will rank equally with your existing Shares
	and will carry the same voting rights.
Am I eligible to participate?	You are eligible to participate if you were a holder of Archer
	Shares at 7.00 pm (ACST) on Wednesday, 28 March 2012
	(Record Date) and your registered address is in Australia or
	New Zealand.
	If you are a nominee, trustee or custodian holding Shares on
	behalf of one or more benefcial holders, you must comply
	with the criteria set out in the Terms and Conditions.
Do I have to participate in the SPP?	Participation in the SPP is entirely voluntary. Before you
	apply for Shares we recommend that you seek independent
	fnancial advice from your stock broker, accountant or
	professional advisor.
How much can I invest under	The amount you may invest under the SPP is limited to a
the SPP?	maximum of $15,000. You may not apply for more than
	$15,000 of Shares in aggregate under the SPP, even though
	you may receive more than one offer, or offers in more than
	one capacity under the SPP.
	You may only apply for a parcel of Shares with a value of:
	$1,200 or $3,000 or $6,000 or $7,500 or $9,000 or $12,000
	or $15,000
What is the issue price of the	The Purchase Price of Shares under this Offer is $0.30 per
Shares?	Share representing a discount of:
	7.7% to the Company’s Share price on ASX on the
	Record Date; and
	3.1% to the 5 day volume weighted average share price
	of Share.

You should be aware that there is a risk that the market price of the Shares may change between the date of this document and the date when the Shares are issued under.

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Archer Exploration Limited ABN 64 123 993 233

Common Questions and Answers continued

Question	Answer
How do I apply for Shares under	If you wish to participate in the SPP, then follow the
the SPP?	instructions on the enclosed Application Form. Send
	your completed personalised Application Form and your
	payment, depending on which Share parcel option you
	select, as described on the Application Form. Applications
	will not be valid if they are received after 5.00 pm (ACST) on
	7 May 2012
How many Shares will I receive?	The maximum number of new Shares that may be issued
	under the SPP is 5,000,000 and the Company may
	undertake a scale back of the number of Shares you receive.
	Should this occur, then the excess funds will be refunded
	to you.
When will I receive my Shares?	The SPP closes at 5.00 pm (ACST) on 7 May 2012 and the
	date for allotment of the Shares is expected to be 16 May
	2012. You should be aware that Company may change
	these dates at its discretion.
When can I trade Shares?	You can trade your new Shares after the Allotment Date (i.e.
	from 16 May 2012 onwards). However, given the possibility
	that applications may be scaled back, you should confrm
	your holding on or after the Allotment Date before trading
	any new Shares you believe you have acquired under
	the Offer.

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Archer Exploration Limited ABN 64 123 993 233

Share Purchase Plan Terms and Conditions

This document sets out the Terms and Conditions of the Archer Exploration Limited Share Purchase Plan (as contemplated by ASIC Regulatory Guide 125) and is binding on any Shareholder completing an Application or making a payment by BPay[®] .

1) Operation of the SPP

• 1.1 The Company offers each Eligible Shareholder the opportunity to apply to purchase up to $15,000 of new Shares at $0.30 per Share without paying any brokerage or other charges.

• 1.2 All Offers made under the SPP are non-renounceable which means that you cannot transfer your rights to another person.

• 1.3 If you are an Eligible Shareholder, then your participation in the SPP is entirely optional and is subject to these terms.

• 1.4 Each Eligible Shareholder is solely responsible for obtaining any government or regulatory approvals and consents necessary for that Eligible Shareholder to be eligible to participate in the SPP.

2) Eligibility to participate

• 2.1 You may participate in the SPP if you are an Eligible Shareholder.

• 2.2 If two or more persons are recorded in the Company’s register as jointly holding Shares, then they are taken to be a single registered holder and a certification by any of them is taken to be a certification by all of them.

• 2.3 If a trustee or nominee is expressly noted on the register of Shareholders as holding Shares on account of another person (a “ Other Person ”), then :

• 2.3.1 the Other Person is taken to be the registered holder in regard to those Shares; and

• 2.3.2 any application for the issue of Shares or certification by, and any issue of Shares to, the trustee or nominee, is taken to be an application or certification by, or an issue to, the Other Person.

• 2.4 The Company has determined that it is unlawful or impracticable for holders of Shares with registered addresses in jurisdictions outside of Australia and New Zealand to participate in the Offer.

3) Issue price of new shares

• 3.1 The Offer Price of Shares under the SPP is $0.30 per Share representing a discount of:

• 3.1.1 7.7% to the Company’s Share price on ASX on the Record Date; and

• 3.1.2 3.1% to the 5 day volume weighted average share price of Share.

• 3.2 The Offer Price of the Shares is fixed, regardless of any changes in the market price of Shares before the Allotment Date.

You should be aware that although the Offer Price is at a discount to the market price of Company shares on ASX as at the date on which the Offer Price was determined, Shares are a speculative investment and there is a risk that price of Shares on ASX may change between the date of this document and the date of issue of new Shares under the Offer.

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Archer Exploration Limited ABN 64 123 993 233

Share Purchase Plan Terms and Conditions continues

4) Key dates and timing

• 4.1 The Offer opens on the Open Date and is scheduled to close on the Closing Date unless extended.

• 4.2 The Company proposes to allot new Shares on the Allotment Date and send confirmations to you on the Despatch Date.

• 4.3 The Company reserves the right to change, at any time, any of the Closing Date, the Allotment Date and the Despatch Date to later dates by making an announcement to ASX.

5) Applying for new shares

• 5.1 The maximum investment amount under the SPP is $15,000 per Eligible Shareholder.

• 5.2 If you receive more than one offer under the SPP (for example, because you hold shares in more than one capacity), then you may apply on different Application Forms for Shares, however you may not apply for new Shares with a total value of more than $15,000.

• 5.3 You must apply for a parcel of new Shares in one of the application amounts set out below

• and subject to scale back the number of Shares to be issued at each parcel amount is:

Application amount	(A$)	Number of Shares
$1,200		4,000
$3,000		10,000
$6,000		20,000
$7,500		25,000
$9,000		30,000
$12,000		40,000
$15,000		50,000

• 5.4 If you wish to participate in the SPP, then you must complete the personalised Application Form and provide a cheque or money order or pay direct by BPay[®] in accordance with

• the instructions on the Application Form. Your application must be received by the Closing Date and applications received after the Closing Date will not be valid.

6) Effect of making an application

If you apply to participate in the SPP, then by completing and returning the Application Form or by making a BPay® payment:

• 6.1 you acknowledge that your application cannot be revoked or withdrawn;

• 6.2 you acknowledge that you are an Eligible Shareholder;

• 6.3 you acknowledge that the market price of Shares may rise or fall between the date of this document and the allotment date and that the price you pay for your Shares may exceed the market prices of Shares on the allotment date;

• 6.4 you certify that you have not applied for Shares with a total application price in excess of $15,000 under this SPP and any other share purchase plan conducted by the Company during the previous 12 months;

• 6.5 you authorise the Company to correct any minor errors in your Application Form and to complete the Application by inserting any missing minor details;

• 6.6 you are responsible for any dishonour fees or other costs that the Company may incur in presenting a cheque for payment which is dishonoured;

• 6.7 you acknowledge that the Shares have not and will not be offered in any jurisdiction outside of Australia and New Zealand;

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Archer Exploration Limited ABN 64 123 993 233

Share Purchase Plan Terms and Conditions continues

• 6.8 you accept the risk associated with any refund that may be dispatched to you by post to your address as shown on the Application Form;

• 6.9 you acknowledge that you have not been provided with investment or financial product advice by the Company; and

• 6.10 you irrevocably and unconditionally agree to the SPP terms and conditions.

7) Discretion of the board

• 7.1 The Board reserves the right to refuse an application (in whole or in part) including but not limited to cases where:

• 7.1.1 the applicant is not an Eligible Shareholder;

• 7.1.2 an Application Form is incorrectly completed, incomplete or otherwise determined by the Board to be invalid;

• 7.1.3 the correct Application Money is not tendered with the Application or a cheque is dishonoured or not completed correctly;

• 7.1.4 the issue of those Shares would contravene any law or the ASX Listing Rules; or

• 7.1.5 the applicant has not otherwise complied with the terms of the SPP.

• 7.2 If an Application is refused in whole or in part, then the application monies or the surplus application monies (as the case may be) will be refunded in full without interest.

8) Scaling back

• 8.1 The maximum number of new Shares that may be issued under the SPP is 5,000,000 and the Company may, in its absolute discretion, undertake a scale back of the number of Shares you receive on terms and in a manner that the Company thinks fit.

• 8.2 Should a scale back occur, then the excess funds will be refunded to you without interest.

9) Terms of issue of Shares

• 9.1 From their date of issue, Shares allotted under the SPP will rank equally in all respects with the then existing fully paid ordinary shares in the Company and therefore will carry the same voting rights, dividend rights and other entitlements.

• 9.2 The Company will apply for quotation on the ASX of Shares issued under the SPP, within the period prescribed by the ASX Listing Rules.

• 9.3 No brokerage or commissions will be payable by Eligible Shareholders in respect of an application for, and an issue of, Shares under the SPP.

10) Custodians

• 10.1 Where a custodian (as defined in ASIC Class Order 09/425) is a registered holder of Shares and holds Shares on behalf of one or more persons (“ Beneficiaries ”), the Offer is made to the custodian and the custodian has the discretion whether to extend the Offer to the Beneficiaries. If a custodian applies for Shares on behalf of a Beneficiary, then the Company will not issue Shares unless the custodian certifies the following in writing to Company:

• 10.1.1 either or both of the following:

  • 10.1.1.1 that the custodian holds the Shares on behalf of one or more persons that are not custodians (“ Participating Beneficiaries ”); or

  • 10.1.1.2 that another custodian (“ Downstream Custodian ”) holds beneficial interests in Shares on behalf of a Participating Beneficiary, and the custodian holds the Shares to which those beneficial interests relate on behalf of the Downstream Custodian or another custodian, on the Record Date and that each Participating Beneficiary has subsequently instructed the following persons:

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Archer Exploration Limited ABN 64 123 993 233

Share Purchase Plan Terms and Conditions continues

  - 10.1.1.3 where sub-paragraph 10.1.1.1 applies – the custodian; and

  - 10.1.1.4 where sub-paragraph 10.1.1.1 applies – the Downstream Custodian, to apply for Shares under the SPP on their behalf;

• 10.1.2 the number of Participating Beneficiaries;

• 10.1.3 the name and address of each Participating Beneficiary, and that each Participating Beneficiary’s address is located in Australia or New Zealand;

• 10.1.4 in respect of each Participating Beneficiary:

  • 10.1.4.1 where sub-paragraph 10.1.1.1 applies - the number of Shares that the custodian holds on their behalf; and

  • 10.1.4.1 where sub-paragraph 10.1.1.2 applies – the number of Shares to which the beneficial interests relate;

• 10.1.5 in respect of each Participating Beneficiary:

  • 10.1.5.1 where sub-paragraph 10.1.1.1 applies – the number or the dollar amount of Shares they instructed the custodian to apply for on their behalf; and

  • 10.1.5.2 where sub-paragraph 10.1.1.2 applies – the number or the dollar amount of Shares they instructed the Downstream Custodian to apply for on their behalf;

• 10.1.6 there are no Participating Beneficiaries in respect of which the total of the application price for the following exceeds $15,000:

  • 10.1.6.1 the Shares applied for by the custodian under the SPP in accordance with the instructions referred to in sub-paragraph 10.1.5; and

  • 10.1.6.2 any other Shares issued to the custodian in the 12 months before the application as a result of an instruction given by them to the custodian or the Downstream Custodian to apply for Shares on their behalf under an arrangement similar to the SPP;

• 10.1.7 that a copy of this SPP booklet was given to each Participating Beneficiary; and

• 10.1.8 where sub-paragraph 10.1.1.2 applies – the name and address of each custodian who holds beneficial interests in the Shares held by the custodian in relation to each Participating Beneficiary.

• 10.2 Custodians must request a “ Custodian Certificate ” when making an application on behalf of Beneficiaries. To request a Custodian Certificate or further information about the custodian application process, a shareholder should contact the Company’s Share Registry, Computershare Investor Services Pty Limited, on 1300 738 349 (callers within Australia) or +61 3 9415 4649 (callers outside Australia), or consult your financial or other professional adviser.

• 10.3 Applications received from custodians must be accompanied by a duly completed and signed Custodian Certificate.

• 10.4 A registered holder of Shares will be ineligible to participate in the SPP if their participation would be in breach of ASIC Class Order 09/425.

• 10.5 If you are an Eligible Shareholder, your rights under this offer are personal to you and are non-renounceable, which means you cannot transfer your rights to another person.

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Archer Exploration Limited ABN 64 123 993 233

Share Purchase Plan Terms and Conditions continues

11) General

• 11.1 The SPP will be administered by the Board who will have an absolute discretion to:

• 11.1.1 determine appropriate procedures for administration of the SPP consistent with these Terms;

• 11.1.2 resolve conclusively all questions of fact or interpretation arising in connection with the SPP or these Terms;

• 11.1.3 delegate to any one or more persons, for such period and on such conditions as they may determine, the exercise of their powers or discretions under the SPP or these Terms; and

• 11.1.4 scale back Eligible Shareholder entitlements in accordance with the Company’s funding needs.

• 11.2 The SPP and these Terms and Conditions may be suspended, terminated or amended at any time by the Board.

• 11.3 The SPP will operate until terminated by the Board.

• 11.4 The Board may resolve any dispute concerning the SPP in such manner as they see fit or adopt any administrative procedures in relation to the SPP as they deem appropriate. The decision of the Board will be final and binding on the parties to the dispute or the Eligible Shareholders or both, as the case may be.

• 11.5 Any overpayment for shares which is less than $10.00 will be donated to charity (i.e. the overpayments will not be refunded).

• 11.6 These Terms are governed by and construed in accordance with the laws for the time being in force in the State of South Australia.

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Archer Exploration Limited ABN 64 123 993 233

Glossary

In this SPP, unless the context otherwise indicates:

$	means the lawful currency of Australia.
Acceptance Period	means the period commencing on the date on which Offers under the SPP
	are sent to Eligible Shareholders and ceasing on the Closing Date.
Application	means an application for new Shares under the SPP made in accordance
	with the instructions on the enclosed Application Form.
Application Form	means the personalised application form accompanying this SPP booklet.
Application Money	means the application money required for a subscription of new Shares
	under this SPP, as applicable to the parcel option selected.
ASX	means the Australian Securities Exchange Ltd or the securities exchange
	operated by ASX 9as the context requires).
ASX Listing Rules	means the offcial listing rules of ASX.
Board	means the board of directors of the Company.
Business Day	means Monday to Friday inclusive, except New Year’s Day, Good Friday,
	Easter Monday, Christmas Day, Boxing Day, and any other day that the
	ASX declares is not a business day.
Closing Date	means the last day for accepting the offer under the SPP being 5 pm
	(ACST) on 7 May 2012 or such later date as may be determined by the
	Board.
CompanyorArcher	means Archer Exploration Limited (ACN 123 993 233).
Eligible Shareholders	means Shareholders of the Company eligible to participate in the Offer as
	determined under clause 2.
Offer	means the non-renounceable offer of Shares to Eligible Shareholders
	under the SPP.
Offer Price	means the subscription price of $0.30 per Share.
Record Date	means 7pm (ACST) 28 March 2012.
SPP	means the Archer Exploration Limited Share Purchase Plan approved by
	the Board from time to time.
Shares	means fully paid ordinary Shares in the Company.
Termsor
Terms and Conditions	means the terms of the SPP, as amended and modifed from time to time.

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Archer Exploration Limited ABN 64 123 993 233

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Archer Exploration Limited

ABN: 64 123 993 233

For all enquiries:

Phone:

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(within Australia) 1300 738 349 (outside Australia) 61 3 9415 4649

Web:

www.investorcentre.com/contact

000002 000 AXE MR SAM SAMPLE 123 SAMPLE STREET SAMPLETOWN VIC 3000

Make your payment:

See over for details of the Offer and how to make your payment

Share Purchase Plan Application Form

 [Your payment must be received by 5:00pm (ACST) Monday 7 May 2012]

This is an important document that requires your immediate attention.

It can only be used in relation to the shareholding represented by the details printed overleaf. If you are in doubt about how to deal with this form, please contact your financial or other professional adviser.

By making payment you agree to be bound by the Constitution of Archer Exploration Limited and that the submission of this payment constitutes an irrevocable offer by you to subscribe for Archer Exploration Limited shares on the terms of the Share Purchase Plan (SPP).

In addition, by submitting the slip below you certify that the aggregate of the application price paid by you for:

Archer Exploration Limited may make determinations in any manner it thinks fit, in relation to any difficulties which may arise in connection with the SPP whether generally or in relation to any participant or application.

Any determinations by Archer Exploration Limited will be conclusive and binding on all eligible shareholders and other persons to whom the determination relates. Archer Exploration Limited reserves the right to waive strict compliance with any provision of the terms and conditions of the SPP, to amend or vary those terms and conditions or to suspend or terminate the SPP at any time. Any such amendment, suspension or termination will be binding on all eligible shareholders even where Archer Exploration Limited does not notify you of that event.

• the shares the subject of the slip below; and

• any other shares and interests in the class applied for by you under the SPP or any similar arrangement in the 12 months prior to the date of submission of the slip below does not exceed A$15,000.

Step 1: Registration Name

Please check the details provided and update your address via www.investorcentre.com if any of the details are incorrect. If you have a CHESS sponsored holding, please contact your Controlling Participant to notify a change of address.

Choose one of the payment methods shown below.

BPAY ®: See overleaf. Do not return the slip with BPAY payment.

By Mail: Complete the reverse side of this payment slip and detach and return with your payment. Make your cheque or bank draft payable in Australian dollars to Archer Exploration Limited. The cheque must be drawn from an Australian bank. Cash is not accepted.

Step 2: Make Your Payment

Note that shares may be only be purchased in parcel sizes and values as indicated on the reverse side of this form. Note that the amount chosen may be subject to scale back in accordance with the terms of the SPP.

Archer Exploration Limited Share Purchase Plan Application Form Payment must be received by 5:00pm (ACST) Monday 7 May 2012

Payment will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques received may not be re-presented and may result in your Application being rejected. Paperclip (do not staple) your cheque(s) to the slip below as indicated. Receipts will not be forwarded. Funds cannot be debited directly from your account.

Entering your contact details is not compulsory, but will assist us if we need to contact you.

Turn over for details of the Offer è

® Registered to BPAY Pty Limited ABN 69 079 137 518

916CR_0_Sample_CA/000002/000002/i

I 9999999992 COY

Share Purchase Plan Application Form

Registration Name & Offer Details

MR SAM SAMPLE Registration Name: 123 SAMPLE STREET SAMPLETOWN VIC 3000

[For your security keep your SRN/] HIN confidential.

Entitlement No: 00003594

Offer Details: Record date: 28 March 2012 Minimum value $1,200 available to purchase: Maximum value $15,000 available to purchase:

Make Your Payment

Pay by Mail:

Biller Code: 123456 Pay by Mail:

Ref No: 1234 5678 9123 4567 89  Make your cheque, money order or bank draft payable to Archer Exploration Limited. Contact your financial institution to make your Return your cheque with the below slip to: payment from your cheque or savings Computershare Investor Services Pty Limited account. GPO BOX 2987 Adelaide South Australia 5001 Australia

Lodgement of Acceptance

If you are applying for shares and your payment is being made by BPAY ®, you do not need to return the slip below. Your payment must be received by no later than 5:00pm (ACST) on 7 May 2012. Applicants should be aware that their own financial institution may implement earlier cut off times with regards to electronic payment, and should therefore take this into consideration when making payment. Neither Computershare Investor Services Pty Limited (CIS) nor Archer Exploration Ltd (AXE) accepts any responsibility for loss incurred through incorrectly completed BPAY ® payments. It is the responsibility of the applicant to ensure that funds submitted through BPAY ® are received by this time.

If you are paying by cheque, bank draft or money order the slip below must be received by CIS by no later than 5:00pm (ACST) on 7 May 2012. You should allow sufficient time for this to occur. A reply paid envelope is enclosed for shareholders in Australia. Other Eligible Shareholders will need to affix the appropriate postage. Return the slip below with cheque attached. Neither CIS nor AXE accepts any responsibility if you lodge the slip below at any other address or by any other means.

Privacy Statement

Personal information is collected on this form by Computershare Investor Services Pty Limited (CIS) as registrar for the securities issuer (the issuer), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. Your personal information may be disclosed to our related bodies corporate, to external service companies such as print or mail service providers, or as otherwise permitted by law. If you would like details of your personal information held by CIS, or you would like to correct information that is inaccurate, incorrect or out of date, please contact CIS. In accordance with the Corporations Act 2001, you may be sent material (including marketing material) approved by the issuer in addition to general corporate communications. You may elect not to receive marketing material by contacting CIS using the details provided above or email privacy@computershare.com.au

Detach here

Purchase Details for Archer Exploration Limited (choose one option)

4,000 shares for OR 10,000 shares for OR 20,000 shares for $1,200 $3,000 $6,000 25,000 shares for OR 30,000 shares for OR 40,000 shares for 00003594 $7,500 $9,000 $12,000 Entitlement No: 00003594 50,000 shares for $15,000

MR SAM SAMPLE 123 SAMPLE STREET SAMPLETOWN VIC 3000

Payment must be received by 5:00pm (ACST) Monday 7 May 2012

Contact Details

Contact Daytime Name Telephone Cheque Details Drawer Cheque Number BSB Number Account Number Amount of Cheque

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