CONICO LTD — Capital/Financing Update 2016

Jun 14, 2016

ACN 119 057 457

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

CLEANSING NOTICE

This notice is given by Conico Ltd ( Conico ) under section 708A(5)(e) and 708A(6) of the Corporations Act 2001 (the Act ).

On 14 June 2016, Conico issued to investors 24,000,000 fully paid ordinary shares (ASX Code: CNJ) and 12,000,000 options, each to acquire 1 ordinary fully paid share at an exercise price of 3 cents per share at any time on or before 30 November 2019 (the Securities ) by way of a placement to sophisticated investors in accordance with section 708 of the Act.

The Shares are in a class of securities that were quoted on the Australian Securities Exchange at all times in the last three months before the date on which they were issued.

Conico gives this notice pursuant to section 708A(5)(e) of the Act in connection with the securities referred to above.

Conico issued the Shares without disclosure to the investors under Part 6D of the Act.

As at the date of this notice, Conico has complied with:

1. the provisions of Chapter 2M of the Act as they apply to Conico; and

2. section 674 of the Act.

As at the date of this notice, there is no excluded information as described in section 708AA(7) and (8) of the Act.

Dated: 15 June 2016

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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