CTI LOGISTICS LIMITED — Share Issue/Capital Change 2010

Nov 28, 2010

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

29 November 2010

The Manager Company Announcements Office Australian Stock Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir

CHANGE TO BONUS SHARE ISSUE DATE

CTI Logistics Limited wishes to advise that the record date for the one for five bonus share issue will now be 7 December 2010 instead of 1 December 2010. As a result the date of entering securities into uncertificated holdings will be 8 December 2010 and despatch of certificates will now be 13 December 2010.

An amended Appendix 3B is lodged with this letter.

Yours faithfully

DAVID A MELLOR COMPANY SECRETARY

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Amended 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 1/7/96 Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

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).

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

Ordinary Shares

• Number of ⁺securities issued or $\overline{2}$ to be issued (if known) or maximum number which may be issued
• Principal terms of the ⁺securities $\overline{\mathbf{3}}$ (eg, if options, exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for +convertible payment; if securities, the conversion price and dates for conversion)

Up to a maximum of 8,203,766 ordinary shares (final number to be determined after rounding down calculations)

4	Do the + securities rank equally in all respects from the date of allotment with an existing + class of quoted *securities?	Yes
	If the additional securities do not rank equally, please state: the date from which they do the extent to which they for the participate 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 interest Or payment
5.	Issue price or consideration	Nil
6	Purpose of the issue (If issued as consideration for the acquisition $\sigma$ f clearly assets, identify those assets)	To improve stock liquidity at this time
7	Dates of entering + securities into uncertificated holdings or despatch of certificates	8 December 2010
		Number	+ Class
8	Number and + class of all	(including) 41,018,830
	+ securities quoted ASX on	the securities in Clause
	(including the securities in clause 2 if applicable)	$2 - 49,222,596$
		(number be to
		finalised after bonus
		issue rounded down
		total is determined)

$\frac{1}{\sqrt{2}}$

⁺ See chapter 19 for defined terms.

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

Number	+Class
Nil

Dividend policy (in the case of a 10 trust, distribution policy) on the increased capital (interests)

To rank pari passu with existing shares

Part 2 - Bonus issue or pro rata issue

• Is security holder approval $\vert$ No $\mathbf{u}$ required?
• $12¹²$ Is the issue renounceable or nonrenounceable?
• Ratio in which the ⁺securities | 13 will be offered

• ⁺Class of ⁺securities to which the $14$ offer relates

• *Record date to $15$ entitlements

• holdings 16 Will on different registers (or subregisters) be aggregated calculating for entitlements?
• Policy for deciding entitlements 17 in relation to fractions
• $18$ Names of countries in which the entity has ⁺security holders who will not be sent new issue documents

Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.

Closing date for receipt of 19 acceptances or renunciations

• See chapter 19 for defined terms.

Appendix 3B Page 3

Ordinary fully paid shares

One new share for every five shares held

determine $|7$ December 2010

Rounding down

Appendix 3B
New issue announcement

20	Names of any underwriters
21	Amount of any underwriting fee
	or commission
22	Names of any brokers to the
	issue
23	Fee or commission payable to the
	broker to the issue
24	Amount of any handling fee
	payable to brokers who lodge
	acceptances or renunciations on behalf of + security holders
25	If the issue is contingent on
	*security holders' approval, the
	date of the meeting
26	Date entitlement and acceptance form and prospectus or Product
	Disclosure Statement will be sent
	to persons entitled
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
28	Date rights trading will begin (if
	applicable)
29	Date rights trading will end (if
	applicable)
30	How do + security holders sell
	their entitlements in full through
	a broker?
31	How do + security holders sell of their entitlements part
	through a broker and accept for
	the balance?

$\frac{1}{\alpha}$

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

⁺Despatch date 33

13 December 2010

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)
• Securities described in Part 1 $(a)$ Γx
• $(b)$

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

37

A copy of any trust deed for the additional ⁺securities

⁺ See chapter 19 for defined terms.

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

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

• the date from which they do
• 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 $\bullet$ not rank equally, other than in relation to the next dividend, distribution interest $\alpha$ r 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

⁺ See chapter 19 for defined terms.

Quotation agreement

• $\mathbf{I}$ ⁺Quotation of our additional ⁺securities is in ASX's absolute discretion. ASX 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 rquotation.
• 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 $\overline{3}$ 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 not available now, 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.

$== == == == ==$

(Company secretary)

Date: 29 November 2010

Sign here:

Print name:

DAVID MELLOR

⁺ See chapter 19 for defined terms.