ARDIDEN LTD — Capital/Financing Update 2018

Jan 16, 2018

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17 January 2018

ARDIDEN LIMITED CLEANSING STATEMENT

Ardiden Limited (ASX: ADV – the “Company” or “Ardiden”) has issued and allotted 6,250,000 ordinary shares upon conversion of unlisted options. 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