CONICO LTD — Capital/Financing Update 2015

Oct 13, 2015

ACN 119 057 457

==> picture [247 x 42] intentionally omitted <==

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

14 OCTOBER 2015

Placement

The directors are pleased to advise that they have agreed to place 9,750,000 fully paid ordinary shares (an increase of 7.36% over the previously issued shares) and 9,750,000 free attaching options exercisable at 3 cents expiring 30 November 2019. This placement will be at an issue price of $0.008 per share, with one free attaching option per share, to investors in accordance with section 708 of the Corporations Act 2001 (“the Act”), raising $78,000 before costs.

In addition, subject to shareholder approval, they have agreed to place up to a further 37,375,000 fully paid ordinary shares (an increase of 28.22% over the previously issued shares) and up to a further 37,375,000 free attaching options exercisable at 3 cents expiring 30 June 2020. This placement will be at an issue price of $0.008 per share, with one free attaching option per share, to investors in accordance with section 708 of the Act, raising $299,000 before costs.

These two placements, if completed, totalling 47,125,000 shares (a total increase of 35.58% over the previously issued share) will raise a total of $377,000, before costs, for the Company.

A commission of 6% of the value of the funds raised is payable to financial services licencees in respect of a portion of this placement raised by financial services licencees.

The funds raised will be used to retire outstanding debt and fund the Company’s ongoing working capital requirements.

==> picture [66 x 40] intentionally omitted <==

Aaron P Gates Company Secretary

______________________________________________________________________________________________________________ Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.conico.com.au