CODEIFAI LIMITED — Regulatory Filings 2013

Aug 8, 2013

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ASX Announcement

9 August 2013

AUV Enterprises Ltd ("the Company") ACN 108 649 421

Company Update

AUV wishes to advise of its recent activities.

Since the effectuation of the Deed of Company Arrangement and appointment of a new Board of Directors in August 2012, the Board has been actively working on outstanding compliance issues and assessing business proposals including those submitted to the previous Board and new opportunities in order to return value to the Company's shares and seek re-quotation.

The Directors of the Company are pleased to announce that as part of its recent assessment of the Company that it has recommenced activities within the Natural Australian Sapphire Industry. AUV is in the process of re-establishing the Company's marketing responsible for the Sale and distribution of Australian Natural Sapphires globally. The Company has recently entered into an Off-Take Agreement to purchase sapphire production from a substantial mine near Inverell, NSW (Off Take Agreement).

The Company has recently purchased and taken delivery of the first parcel of Sapphires totaling 125,000 carats under the Off Take Agreement. The sapphires are currently undergoing grading and will be offered for sale to previously established customers of the Company who have been requesting to purchase Rough Australian Sapphires.

The Company is currently negotiating with other Australian sapphire miners in order to secure additional product supply to meet international demand. The Company is fortunate that throughout its long hiatus it retained the services its Director Anthony Damianos who brings significant industry experience

The Directors are pleased and excited to announce the developments and progress of re-establishing the Company's fundamental key business, with the core aim add value to the shares of the Company.

The Board has taken the above decision to take advantage of its core competencies but also as a result of the significant down turn in world coal prices which led the Board to decide not to proceed with the Indonesian Coal project announced by the Company's prior Board in 2011.

In October 2012 the Board of the Company reviewed and adopted revised Corporate Governance Polices in line with the current best practice and recent ASX pronouncements.

On the 30 November 2012 the Company held an Extraordinary General Meeting at which meeting a resolution was passed to for the Removal of RSM Bird Cameron as the Company's Auditor, at the same

AUV Enterprises Limited ABN 68 108 649 421 Level 29,66 Goulbum Street, Sydney NSW 2000 Telephone 4612 8263 4000 Facsimile+612 8263 4111

meeting a second resolution was passed to appoint Colin Bloomfield and Associates as the Company's Auditors.

The Company expects in the near future to be in a position to lodge as required all outstanding reports, call a general meeting of shareholders and attend to outstanding Annual General Meetings and in due course to apply to the ASX for requotation.

The Board will report further information as and when available.

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Yours •
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Robert Whitton Chairman

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