ARIKA RESOURCES LIMITED — Capital/Financing Update 2011

Oct 27, 2011

ASX ANNOUNCEMENT

28 October 2011

Portland Orthopaedics Ltd (Subject to Deed of Company Arrangement) (Receivers and Managers Appointed) ACN 086 839 992 ASX Reference: PLD

Amendment to Timetable re Capital Reorganisation in Notice of Meeting dated 13 October 2011

Company announces Consolidation and dispatches Notice ofMeeting.	24 October 2011
Company tells ASX that Shareholders have approved theConsolidation.	23 November 2011
Last day for pre-Consolidation trading.	24 November 2011
Post-Consolidation trading starts on a deferred settlement basis	25 November 2011
Last day for Company to register transfers on a pre-Consolidation basis.	• December 2011
First day for Company to send notice to each holder of the
change in their details of holdings	2 December 2011
First day for the Company to register Securities on a post-
Consolidation basis and first day for issue of holding statements
Dispatch date. Deferred settlement market ends.
Last day for Securities to be entered into holders Secunty
holdings	8 December 2011
Last day for the Company to send notice to each holder of the
change in their details of holdings.

Robert Whitton Deed Administrator

Level 29,66 Goulbum Street, Sydney NSW 2000 Telephone: +61 2 8263 4000 • Facsimile: +61 2 8263 4111

williambuck.com

William Buck is an association ot independent tirms, each trading under the name of William Buck across Australia and New Zealand with affiliated offices worldwide. Liability limited by a scheme approved under Professional Standards Legislation other than for acts or omissions of financial services licensees.

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