ARIKA RESOURCES LIMITED — Capital/Financing Update 2013

Aug 27, 2013

Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

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ASX Code: PLD

28 August 2013

Information disclosed under ASX Listing Rule 3.10.5A

Further to the announcement and Appendix 3B lodged by PLD Corporations Limited (“ PLD ” or the “ Company ”) on 23 August 2013 and 27 August 2013 respectively in relation to the completion of the $600,000 placement through the issue of 75,000,000 fully paid ordinary shares at $0.008 a share, to sophisticated investors (“ Placemen t”). PLD provides the following information under ASX Listing Rule 3.10.5A:

• (a) The dilutive effect of the Placement on existing shareholders is as follows:

Placement issue under Listing Rule 7.1 (47,144,646 shares): 12.11%

Placement issue under Listing Rule 7.1A (27,855,354 shares): 7.16%

Total dilution as a result of Placement: 19.27%

Details of the approximate percentage of the issued capital following the completion of the Placement held by pre-Placement shareholders and new shareholders are as follows. Please note this information relates specifically in relation to the portion of shares issued under Listing Rule 7.1A:

• Pre-placement security holders who did not participate in the Placement: 80.73%

• Pre-placement security holders who did participate in the placement: 0%

• Participants in the Placement who were not previously security holders: 19.27%

• (b) As part of the Placement, the Company utilised its additional placement capacity under ASX Listing Rule 7.1A. The Company has issued these securities as a placement as opposed to pro-rata issue or other type of issue in which existing ordinary security holders would have been eligible to participate because the Company believe it was the most efficient and expedient method for raising the funds required to achieve its stated objectives at the time.

• (c)

  • The Placement was not underwritten.

• (d) Bell Potter Securities Limited acted as the Lead Manager to the Placement and will be paid management fee equal to 6% (plus GST) of the funds

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Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

received by the Company.

For further information, please contact the Company Secretary.

Yours sincerely,

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Andrew Whitten 02 8072 1400

Company Secretary