BLUGLASS LIMITED — Capital/Financing Update 2012

Dec 30, 2012

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The Manager

Market Announcements Platform

ASX Limited

31 December 2012

COMPLETION OF SHAREHOLDER SHARE PURCHASE AGREEMENT (SPP)

BluGlass Limited (ASX: BLG) is pleased to announce that it has raised $2,475,000 pursuant to its SPP which closed on 21 December 2012.

BluGlass has issued 12,375,000 million fully paid ordinary shares at A$0.20 per fully paid ordinary share to raise $2,475,000 before costs.

Cleansing Notice

This notice is given by BluGlass Limited (ABN 20 116 825 793) ( BluGlass ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Act ).

1. BluGlass (ASX:BLG) advises that on 31 December 2012 it allotted and issued 12,375,000 fully paid ordinary shares ( Shares ) at an issue price of $0.20 pursuant to its SPP. The SPP raised approximately $2,475,000 (before costs).

2. BluGlass gives notice of the following for the purposes of section 708A(5)(e) of the Act:

   • (a) BluGlass issued the Shares without disclosure to investors under Part 6D.2 of the Act;

   • (b) as at the date of this notice, BluGlass has complied with:

     • (i) the provisions of Chapter 2M of the Act as they apply to BluGlass; and

     • (ii) section 674 of the Act as it applies to BluGlass; and

3. as at the date of this notice, there is no excluded information which is required to be set out in this notice pursuant to section 708A(6)(e) of the Act.

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