COMET RIDGE LIMITED — Capital/Financing Update 2017

Nov 14, 2017

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Comet Ridge Limited Level 3 283 Elizabeth Street Brisbane Qld 4000 Phone: +61 7 3221 3661 Fax: +61 7 3221 3668 Info@cometridge.com.au

15 November 2017

Company Announcements Officer Australian Securities Exchange Level 4 20 Bridge Street Sydney NSW 2000

By Electronic Lodgement

Notification under section 708A(5)(e) of the Corporations Act 2001 (“the Act”)

On 9 November 2017, Comet Ridge Limited (ASX:COI) (the “ Company ”) announced it had raised approximately $10 million (before costs) via a placement to institutional and sophisticated investors (“ Placement ”).

The Company advises that today it has issued 42,638,299 new fully paid ordinary shares in the Company (“ New Shares ”) at an issue price of $0.235 per New Share pursuant to the Placement.

The Company hereby issues a notice under section 708A(5)(e) of the Act that:

• (a) the New Shares, that have today been issued are part of a class of securities quoted on the Australian Securities Exchange;

• (b) the New Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (c) the Company, as at the date of this notice, has complied with:

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

  • (ii) Section 674 of the Act; and

• (d) as at the date of this notice, there is no ‘excluded information’ of the type referred to in sections 708A(7) and 708A(8) of the Act, to be disclosed under section 708A(6)(e) of the Act.

Yours sincerely Comet Ridge Limited

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Stephen Rodgers Company Secretary