BLUGLASS LIMITED — Capital/Financing Update 2018

May 21, 2018

All Registry Communications to:

BLUGLASS LIMITED | ACN 116 825 793

PO Box 2226, Strawberry Hills, NSW 2012 P 1300 288 664 (within Australia) P +61 (0)2 9698 5414 (outside Australia) F +61 (0)2 8583 3040 E corporate.actions@automic.com.au

[EntityRegistrationDetailsLine1Envelope] [EntityRegistrationDetailsLine2Envelope] [EntityRegistrationDetailsLine3Envelope] [EntityRegistrationDetailsLine4Envelope] [EntityRegistrationDetailsLine5Envelope] [EntityRegistrationDetailsLine6Envelope]

SRN/HIN	[HolderNumber]
ASX Code:	BLG
Record Date:	18 May 2018
Minimum value available
to purchase:	$2,000.00
Maximum value available
to purchase:	$15,000.00

[BARCODE]

SHARE PURCHASE PLAN APPLICATION FORM OFFER CLOSES 7.00PM (AEST) 12 June 2018 (UNLESS LEGALLY VARIED)

1 SELECT THE VALUE OF SHARES APPLIED FOR (please mark “X” to indicate one choice only)

I/We being registered as the holder of Ordinary Shares in Bluglass Limited as at the above record date, do hereby apply for the number of New Ordinary Shares in name of Bluglass Limited as indicated below at the Offer Price of $0.37 per Share in accordance with the Terms and Conditions of the Bluglass Limited Share Purchase Plan.

A C E		$ APPLIED FOR NO OF SHARES $15,000 (40,540) B $7,000 (18,918) D $2,000 (5,405)		$ APPLIED FOR NO OF SHARES $10,000 (27,027) $5,000 (13,513)
		$2,000

2 BPAY PAYMENTS

Biller Code: Ref: [BPayCRN]

You do not need to return this form if you have made payment via BPAY®. Your BPAY® reference number will process your payment to your entitlement electronically and you will be deemed to have applied for such Securities for which you have paid.

3 PLEASE INSERT CHEQUE DETAILS

Cheques must be drawn on an Australian branch of a financial institution in Australian currency, made payable to “ Bluglass Limited” crossed “Not Negotiable” and forwarded to Automic to arrive no later than the Closing Date.

Cheque Number BSB Account Number - 4 CONTACT DETAILS

Please use details where we can contact you between the hours of 9.00am and 5.00pm should we need to speak to you about your application.

Contact Name Email Address Telephone Number

INSTRUCTIONS FOR COMPLETION OF THIS SHARE PURCHASE PLAN APPLICATION FORM

The right to participate in the Offer under the Share Purchase Plan is optional and is available exclusively to shareholders who are registered as holders of fully paid ordinary shares in the Company as at the record date and whose address is in Australia and New Zealand (Eligible Shareholders).

The Offer cannot be transferred and the Directors of the Company reserve the right to reject any application over $15,000.00. Shares allotted under the Plan will be issued as soon as practicable after the Closing Date of the Offer.

If the Company rejects or scales-back an application or purported application, the Company will return to the Shareholder the relevant application monies, without interest.

HOW TO APPLY FOR SHARES UNDER THE SPP

1 Select the Value of Shares Applied For

Select the value of New Shares you wish to apply for by placing an “X” alongside the dollar value of your choice. You can only indicate one choice. Should you indicate more than one choice then it will be at the discretion of the company as to which dollar value you will be deemed to have selected.

2 BPAY®

You can only make a payment via BPAY® if you are the holder of an account with an Australian financial institution that supports BPAY® transactions. To BPAY® this payment via internet or telephone banking use your reference number quoted on the front of this form. Multiple acceptances must be paid separately. Applicants should be aware of their financial institution’s cut-off time (the payment must be made to be processed overnight). It is the Applicant’s responsibility to ensure funds are submitted correctly by the closing date and time.

You do not need to return this form if you have made payment via BPAY®. Your BPAY® reference number will process your payment to your entitlement electronically and you will be deemed to have applied for such Securities for which you have paid.

3 Cheque Details

Enter your cheque details in section 3. Cheques must be drawn on an Australian branch of a financial institution in Australian currency, made payable to “ Bluglass Limited” and crossed “Not Negotiable”. Please ensure sufficient funds are held in your account. If you provide a cheque for an incorrect amount the Company may treat you as applying for as many New Shares as your cheque will pay for.

4 Contact Details

Please enter a contact number we may reach you on between the hours of 9:00am and 5:00pm. We may use this number to contact you regarding your application for New Shares, if necessary.

CERTIFICATION

By making payment of the application monies, I/we hereby:

• Acknowledge that I/we have read and understood the terms of the Share Purchase Plan;

• Agree to be bound by the Terms of the Constitution of the Company and the Share Purchase Plan;

• Agree to accept any lesser number of the new Securities than the number of Securities applied for; and

• Certify that the amount of Securities subscribed for by me/us pursuant to the SPP does not exceed the maximum amount taking into account the Securities the subject of this application and any other Securities applied for by or on behalf of me/us under the SPP or any other similar arrangement within the 12 months prior to this application including joint and other beneficial interests.

LODGING YOUR SHARE PURCHASE PLAN APPLICATION FORM

This form must be received at an address given below by 5.00pm (AEST) on 12 June 2018. (If you are making cheque payment)

BY MAIL Bluglass Limited C/- Automic PO Box 2226 Strawberry Hills NSW 2012

BY HAND DELIVERY (Between Sydney office hours 9.00am – 5.00pm AEST) Automic Level 3 50 Holt Street Surry Hills, NSW 2010

If you require further information on how to complete this Share Purchase Plan Application Form, please contact Automic on 1300 288 664 between 9:00am and 5:00pm.