COKAL LIMITED — Capital/Financing Update 2017

Jul 24, 2017

T +61 7 3212 6299 E info@cokal.com.au

Level 10, 110 Mary Street, Brisbane QLD 4000 PO Box 7122, Brisbane QLD 4001

==> picture [174 x 54] intentionally omitted <==

ABN 55 082 541 437 (ASX: CKA) www.cokal.com.au

ASX Announcement 25 July 2017

SHARES ISSUED WITH SECURITY HOLDER APPROVAL UNDER LISTING RULE 7.1A

With reference to the share placement made on 25 July 2017 of 19,444,445 shares at $0.036 per share, the following information is provided in accordance with Listing Rule 7.1 A.4(b).

(a) Details of the dilution to the existing holders of ordinary securities caused by the issue:

The Company issued 19,444,445 shares under Listing Rule 7.1A. This resulted in the following dilution to existing shareholders:

Number of shares on issue prior to share issue	593,092,704	Dilution
Shares issued under Listing Rule 7.1A	19,444,445	3.28%
Total Shares on issue	612,537,149

(b) Where the equity securities are issued for cash consideration, a statement of the reasons why the eligible entity issued the equity securities as a placement under rule 7.1A and not as (or in addition to) a pro rata issue or other type of issue in which existing ordinary security holders would have been eligible to participate.

Private placements are an efficient and expedient method for raising funds.

(c) Details of any underwriting arrangements, including any fees payable to the underwriter.

The placement was not underwritten.

(d) Any other fees or costs incurred in connection with the issue

The Lead Managers of the Placement will receive a cash fee of 6.0% (excluding GST) of all funds raised in the Placement, plus ASX related security listing fees and share registry fees.

ENDS

Further enquiries:

Domenic Martino Phone: +612 9241 4224

Duncan Cornish Phone: +617 3212 6299