AXTEC LIMITED — Capital/Financing Update 2018

May 29, 2018

Notification of reorganisation of capital - return of capital (cash)

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Notification of reorganisation of capital - return of capital (cash)

Update Summary

Entity name

AXIOM PROPERTIES LIMITED

Applicable security for the return of capital

AXI - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Wednesday May 30, 2018

Reason for the Update

Ordinary resolution of return of capital to shareholders approved and motion carried.

Additional Information

This represents a Return of Capital to be considered by Shareholders on 30 May 2018 at the Extraordinary General Meeting.

Refer to the Notice of Extraordinary General Meeting and Explanatory Memorandum lodged with ASX on 19 April 2018 for details.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

AXIOM PROPERTIES LIMITED

Registration Number

1.2 Registered Number Type

ABN 40009063834

1.3 ASX issuer code

AXI

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Ordinary resolution of return of capital to shareholders approved and motion carried.

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1.4b Date of previous announcement(s) to this update

Thursday April 19, 2018

1.5 Date of this announcement

Wednesday May 30, 2018

1.6 ASX +Security Code

AXI

ASX +Security Description

ORDINARY FULLY PAID

Part 2 - Return of capital type and approvals

2.1 Are any of the below approvals required for the return of capital before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the return of capital.

Yes

2.1a Approvals

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----- Start of picture text ----- Approval/Condition Date for determination Is the date estimated Approval+Security holder Wednesday May 30, or actual? received/conditionapproval 2018 Actual met?YesCommentsThis represents a Return of Capital to be considered by Shareholders on 30 May 2018 at the ExtraordinaryGeneral Meeting.Refer to the Notice of Extraordinary General Meeting and Explanatory Memorandum lodged with ASX on 19 April2018 for details.----- End of picture text -----**

2.2 Is the return of capital a selective reduction of capital

No

Part 3 - Return of capital timetable and details

3.1 +Record date

Tuesday June 5, 2018

3.2 Does the +entity have quoted options on issue?

No

3.2a Last day for trading in pre-return of capital quoted options

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3.3 Effective date. Trading in the re-organised +securities on an "ex return of capital" basis commences. If the +entity has quoted options, trading in the quoted options commences on a +deferred settlement basis. If the +entity's +securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Monday June 4, 2018

3.4 +Record Date

Tuesday June 5, 2018

3.4a If the +entity has quoted options, first day for the +entity to send notice to each +security holder, register +securities on a post-return of capital basis and send holding statements.

*3.5 Issue Date (Payment date). If the +entity has quoted options, +deferred settlement market in options ends. Last day for +entity to send notices to +security holders for quoted options they hold. Last day for +entity to register quoted options on a post-reorganised basis Wednesday June 20, 2018

3.5a If the +entity has quoted options, trading in the options starts on a normal T+2 basis

3.5b If the +entity has quoted options, first settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

3.6 Currency in which the return of capital is made ("primary currency")

AUD - Australian Dollar

3.7 Return of capital amount per +security

AUD 0.02000000

Part 4 - Other +entity-issued +securities affected by the return of capital

4.1 Will the return of capital affect the exercise price of any +entity-issued options?

No

Part 5 - Further information

5.1 Has the +entity applied for an ATO class ruling in relation to the return of capital?

No

5.2 Source of funds for return of capital

Refer to the Notice of Extraordinary General Meeting announced on 19 April 2018.

5.3 Further information relating to this return of capital

5.4 Additional information for inclusion in the Announcement Summary

This represents a Return of Capital to be considered by Shareholders on 30 May 2018 at the Extraordinary General Meeting.

Refer to the Notice of Extraordinary General Meeting and Explanatory Memorandum lodged with ASX on 19 April 2018 for details.

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