CTI LOGISTICS LIMITED — Capital/Financing Update 2013

May 2, 2013

ABN 69 008 778 925

1 Drummond Place West Perth WA 6005 Postal Address PO Box 400 West Perth

Western Australia 6872 Telephone (08) 9422 1100 Facsimile (08) 9227 8000 Email corporate@ctilogistics.com Web www.ctilogistics.com

03 May 2013

Australian Securities Exchange Limited Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000

Dear Sir / Madam

DIVIDEND REINVESTMENT PLAN (DRP) BONUS SHARE PLAN (BSP)

Please find attached our Appendix 3B detailing the issue of shares under the DRP and BSP pursuant to our interim dividend.

In summary, 1,088,022 shares were issued on 3 May 2013, the interim dividend payment date. 1,015,677 shares were issued under the DRP and 72,345 shares were issued under the BSP.

Yours faithfully

David Mellor COMPANY SECRETARY

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

CTI Logistics Limited

ABN

69 008 778 925

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{1}$ ⁺Class of ⁺securities issued or to be issued

Ordinary Shares

Number of ⁺securities issued or $\overline{\mathbf{c}}$ to be issued (if known) or maximum number which may be issued

72,345 shares - Bonus Share Plan (BSP) (see Part 2) 89,855 shares - Dividend Reinvestment Plan $(DRP)$ 925,822 shares - Underwriters of the DRP Total: 1,088,022

Principal terms of $\overline{\mathbf{3}}$ the ⁺securities (e.g. if options. exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Fully Paid

⁺ See chapter 19 for defined terms.

4	Do the + securities rank equally in all respects from the + issue date with an existing + class of quoted +securities?	Yes
	If the additional + securities do not rank equally, please state: the date from which they do ٠ the extent to which they participate for the next dividend, (in the case of a distribution) trust, Or interest payment the extent to which they do not rank equally, other than relation to the in next dividend, distribution or interest payment
5	Issue price or consideration	Nil for shares under the BSP. \$1.90 for shares under the DRP (including underwriter's shares).
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	BSP (72,345 shares) DRP (89,855 shares) Underwriter of DRP (925,822 shares)
7	+ Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with	03 May 2013
	the applicable timetable in Appendix 7A.
	Cross reference: item 33 of Appendix 3B.
		Number	+ Class
8	Number and + class of all + securities quoted ASX on (including the + securities in section 2 if applicable)	61,754,921	Ordinary

⁺ See chapter 19 for defined terms.

$\mathbf{Q}$	Number and $\pm$ class of all
	*securities not quoted on ASX
	$(including$ the + securities in
section 2 if applicable)

Number	+ Class

Dividend policy (in the case of a $\sqrt{\text{To rank }$ parri pasu with existing shares $10$ trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or Pro rata issue

11 12	holder security Is approval required? Is the issue renounceable or non-	No - bonus shares issued under the bonus share plan per ASX announcement on 28 November 2012
	renounceable?	Non-renounceable
13	Ratio in which the + securities will be offered	In accordance with BSP rules, the number of BSP shares granted to participants is calculated by multiplying the number of participating shares held at the dividend record date by the relevant dividend and then dividing this amount by the issue price.
14	+ Class of + securities to which the offer relates	Ordinary
15	+ Record date determine to entitlements	12 April 2013
16	Will holdings different on registers (or subregisters) be aggregated for calculating entitlements?	N/A
17	Policy for deciding entitlements in relation to fractions	Calculation of BSP shares is rounded down to the nearest whole number of shares in accordance with BSP rules.

⁺ See chapter 19 for defined terms.

Appendix 3B
New issue announcement

18	Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.	N/A
19	Closing date for receipt of acceptances or renunciations	N/A
20	Names of any underwriters	N/A
21	Amount of any underwriting fee or commission	N/A
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to the broker to the issue	N/A
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders	N/A
25	If the issue is contingent on security holders' approval, the date of the meeting	N/A
26	Date entitlement and acceptance form and offer documents will be sent to persons entitled	N/A - BSP participants were issued statements on 3 May 2013 setting out shares issued under the BSP in place of their dividend foregone.
27	If the entity has issued options, and the terms entitle option holders participate to on exercise, the date on which notices will be sent to option holders	N/A
28	Date rights trading will begin (if applicable)	N/A
29	Date rights trading will end (if applicable)	N/A

04/03/2013

⁺ See chapter 19 for defined terms.

30 How do security holders sell their entitlements in full through a broker?

How do security holders sell part $31$ of their entitlements through a broker and accept for the balance?

Bonus shares are tradable on ASX.

Bonus shares are tradable on ASX.

How do security holders dispose $32$ of their entitlements (except by sale through a broker)?

Bonus shares are tradable on ASX.

⁺Issue date 33

03 May 2013

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• Type of ⁺securities 34 (tick one)
• $(a)$ ⁺Securities described in Part 1 ΙX
• $(b)$

All other ⁺securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35

If the 'securities are 'equity securities, the names of the 20 largest holders of the additional ⁺securities, and the number and percentage of additional ⁺securities held by those holders

36

If the 'securities are 'equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

⁺ See chapter 19 for defined terms.

37

A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

• Number of ⁺securities for which 38 ⁺quotation is sought
• ⁺Class of ⁺securities for which 39 quotation is sought
• 40 Do the ⁺securities rank equally in all respects from the ⁺issue date with an existing ⁺class of quoted ⁺securities?

If the additional ⁺securities do not rank equally, please state:

• the date from which they do $\bullet$
• the extent to which they $\bullet$ participate $for$ the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• Reason for request for quotation $41$ now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another ⁺security, clearly identify that other 'security)

Number and $+$ class of all $4²$ *securities quoted on ASX (including the ⁺securities in clause $38)$

Number	+ Class

Quotation agreement

• ⁺Quotation of our additional ⁺securities is in ASX's absolute discretion. ASX $\mathbf 1$ may quote the ⁺securities on any conditions it decides.
• We warrant the following to ASX. $\overline{2}$
• The issue of the *securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those 'securities should not be granted *quotation.
• An offer of the 'securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any 'securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the 'securities be quoted.
• We will indemnify ASX to the fullest extent permitted by law in respect of any $\overline{\mathbf{3}}$ claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document is not available now, we will give it to ASX before ⁺quotation of the ⁺securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Date: $3/5/13$

Sign here: Company secretary

DAVID MELLOR Print name:

ee eeleelee ee

⁺ See chapter 19 for defined terms.

ABN 69 008 778 925

1 Drummond Place West Perth WA 6005 Postal Address PO Box 400 West Perth

Western Australia 6872 Telephone (08) 9422 1100 Facsimile (08) 9227 8000 Email corporate@ctilogistics.com Web www.ctilogistics.com

03 May 2013

Australian Securities Exchange Limited Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000

Dear Sir / Madam

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001

On 3 May 2013, CTI Logistics Limited (CTI or the Company) issued 72,345 fully paid ordinary shares to shareholders participating in the CTI Bonus Share Plan, 89,855 fully paid ordinary shares to shareholders participating in the CTI Dividend Reinvestment Plan ("DRP") and 925,822 fully paid ordinary shares to the underwriter of the DRP, pursuant to a DRP underwriting agreement (collectively referred to as the Shares).

CTI gives the following notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) that:

• 1. the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act:
• 1. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
• 1. as at the date of this notice, the Company has complied with section 674 of the Act;
• 1. as at the date of this notice, there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act.

Yours faithfully

David Mellor COMPANY SECRETARY