BABYLON PUMP & POWER LIMITED — Capital/Financing Update 2014

Sep 28, 2014

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ASX Release

29 September 2014

Australian Data Exchange Property Trust Property Acquisition Update

IMI On 22 September 2014, IM Medical Limited (ASX: IMI, IMIO) ( or the Company ) announced ADX an update to its proposed acquisition of ADX Management Limited ( ) and its intention to become manager of a proposed major data centre trust, the Australian Data Exchange Property Trust ( the Trust ). The announcement advised of an extension to the exclusivity agreement for the acquisition by the Trust of a property at Tullamarine, Victoria for conversion into a major data centre.

The Trust has advised IMI that it has experienced clerical delays in the transfer of the 3.4Ha Brisbane data centre development site into the Trust. The transfer of the Brisbane site is linked to the payment of a deposit for the Tullamarine property by the Trust. The Trust has therefore been delayed in paying the deposit and entering into a contract for the acquisition of the Tullamarine property, and the exclusivity agreement in relation to the Tullamarine property has now expired.

The Trust expects to complete the transfer of the Brisbane site within two weeks. The vendor of the Tullamarine property has indicated a willingness to re-­‐engage in relation to the sale of that property once the Trust is in a position to exchange contracts. The exchange of contracts for the acquisition of the Tullamarine property by the Trust is a condition of the acquisition of ADX by IMI.

IMI will provide a further update as soon as the timing of the above transactions is confirmed, and will confirm any implications for the timetable for the acquisition of ADX at that time.

Enquiries

Any enquiries should be directed to:

Richard Wadley Company Secretary (03) 9607 8280

IM Medical Limited T 03 9607 8280 Level 40 F 03 9613 4111 140 William St. Melbourne VIC 3000Aust E im.medical@icloud.com ACN 009 436 908 W immedical.com.au