BLUGLASS LIMITED — Capital/Financing Update 2012

Dec 23, 2012

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The Manager

Market Announcements Platform ASX Limited

24 December 2012

COMPLETION OF SHAREHOLDER SHARE PURCHASE AGREEMENT (SPP)

BluGlass Limited (ASX: BLG) is pleased to announce that it has completed its Share Purchase Plan as announced to ASX on 3 December 2012.

Under the SPP, shareholders on BluGlass’ register at 5 pm on 30 November 2012 with registered addresses in Australia and New Zealand were offered the opportunity to apply for up to A$15,000 worth of BluGlass’ ordinary shares at the same price as the recently completed Institutional Share Placement of $0.20 per share.

The Company is waiting for final confirmation of cleared bank funds and expects to announce the final amount raised and allot the Shares pursuant to the SPP this week after the Christmas public holidays.

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