ARCHER MATERIALS LIMITED — Capital/Financing Update 2012

Apr 1, 2012

2 April 2012

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General Manager The Company Announcements Office Australian Securities Exchange

CLEANSING NOTICE

Section 708A(5)(e) of the Corporations Act 2001 (Cth)

We refer to the recent placement of 10,000,000 ordinary fully paid shares (“placement shares”) with sophisticated investor clients of InSync Equity Services (Authorised Representative for Dayton Way Financial AFSL 338943) at 30 cents per share.

The share placement has raised $3,000,000 before issue costs.

In making the placement, the Company relies on Section 708A(5) of the Corporations Act 2001 (Cth) (“Act”) and gives notice under Section 708A(5)(e) of the Act of the following details:

• a) the Company will issue the placement shares without disclosure to investors under Part 6D.2 of the Act;

• b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

• c) as at the date of this notice, the Company has complied with section 674 of the Act; and

• d) as at the date of this notice, there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisors would reasonably require for the purposes of making an informed assessment of:

    • A. the assets and liabilities, financial position and performances, profits and losses of the Company; or

    • B. the rights and liabilities attaching to fully paid ordinary shares.

Yours faithfully,

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Craig W Gooden Company Secretary