ARDIDEN LTD — Capital/Financing Update 2017

Jul 16, 2017

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17 July 2017

ARDIDEN LIMITED CLEANSING STATEMENT

Ardiden Limited (ASX: ADV – the “Company” or “Ardiden”) today issued and allotted 67,000,076 ordinary shares under the Share Purchase Plan that closed on the 11 July 2017 and 13,316,667 ordinary shares at a share price of $0.015 to the underwriter of the Share Purchase Plan that closed on 11 July 2017. Below is the applicable Cleansing Notice.

Secondary Trading Exemption:

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under Section 708 or 708A. By the Company giving this notice, a sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies the ASX under paragraph 708(A)(5)(e) of the Act that:

• a) The Company issued the Securities 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, and section 674 of the Act; and

• c) 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 Listing Rules; and

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

    • (1) The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (2) The rights and liabilities attaching to the Securities.

Yours sincerely

Arron Canicais Company Secretary Ardiden Limited

Ardiden Limited Suite 6, 295 Rokeby Road Subiaco WA 6008 Australia

Tel: +61 (0) 8 6555 2950 Fax: +61 (0) 8 9321 3102 info@ardiden.com.au

www.ardiden.com.au