CTI LOGISTICS LIMITED — Share Issue/Capital Change 2014

Apr 14, 2014

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

15 April 2014

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

Logistics Limited

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, 332,048 shares were issued on 15 April 2014, the final dividend payment date. 294,029 shares were issued under the DRP and 38,019 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 $\overline{z}$ to be issued (if known) or maximum number which may be issued
• Principal of $\overline{\mathbf{3}}$ terms 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)

38,019 shares - Bonus Share Plan (BSP) (see Part 2) 294,029 shares - Dividend Reinvestment Plan (DRP)

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? If the additional +securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a distribution) trust, Оľ interest payment the extent to which they do not rank equally, other than relation to the in next dividend, distribution OT interest payment	Yes
5	Issue price or consideration	Nil for shares under the BSP,
		\$1.88 for shares under the DRP
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Shares issued pursuant to the CTI Logistics Limited DRP and BSP
6a	Is the entity an + eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections $6b - 6h$ in relation to the + securities the subject of this Appendix 3B, and comply with section 6i	N/A
6b	The date the security holder resolution under rule 7.1A was passed
6с	Number of + securities issued without security holder approval under rule 7.1

⁺ See chapter 19 for defined terms.

• Number of ⁺securities issued 6d with security holder approval under rule 7.1A
• 6e Number of ⁺securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
• 6f Number of ⁺securities issued under an exception in rule 7.2
• 6g If *securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the ⁺issue date and both values. Include the source of the VWAP calculation.
• If +securities were issued under 6h $7.1^A$ rule for non-cash consideration, state date on which valuation $\sigma$ f consideration was released to ASX Market Announcements
• $6i$ Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
• ⁺Issue dates $\overline{7}$

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 the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and ⁺class of all *securities quoted on ASX (including the ⁺securities in section 2 if applicable)

Number	+ Class
65,336,681	Ordinary

• See chapter 19 for defined terms.

15 April 2014

		Number	+ Class
Q	Number and + class of all *securities not quoted on ASX ( including the + securities in section 2 if applicable)
10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	To rank parri pasu with existing shares

Part 2 - Pro rata issue

$\mathbf{11}$	Is security holder approval required?	No - bonus shares issued under the Bonus Share Plan
12	Is the issue renounceable or non- 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	01 April 2014
16	Will holdings different on $($ or registers 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 the BSP rules

⁺ See chapter 19 for defined terms.

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.

• Closing date for receipt 19 acceptances or renunciations
• Names of any underwriters 20
• Amount of any underwriting fee $21$ or commission
• Names of any brokers to the $N/A$ $22$ issue
• Fee or commission payable to the $\mid N/A \rangle$ 23 broker to the issue
• Amount of any handling fee | N/A 24 payable to brokers who lodge acceptances or renunciations on behalf of security holders
• If the issue is contingent on $N/A$ $25$ security holders' approval, the date of the meeting
• 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled
• If the entity has issued options, $\mid N/A \rangle$ $27$ and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
• 28 Date rights trading will begin (if $\vert N/A \rangle$ applicable)

N/A - BSP participants were issued statements on 15 April 2014 setting out shares issued under the BSP in place of their dividend foregone

of $\mid N/A$

$N/A$

$N/A$

⁺ See chapter 19 for defined terms.

2Q	Date rights trading will end (if $\vert$ applicable)	N/A
30	How do security holders sell their entitlements in full through a broker?	Bonus shares are tradeable on ASX
31	How do security holders sell part of their entitlements through a broker and accept for the balance?	Bonus shares are tradeable on ASX
32	How do security holders dispose of their entitlements (except by sale through a broker)?	Bonus shares are tradeable on ASX
33	+ Issue date	15 April 2014

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)

$(b)$

$(a)$ ⁺Securities described in Part 1 ΙXΙ

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

• If the 'securities are 'equity securities, the names of the 20 largest holders of the 35 additional 'securities, and the number and percentage of additional 'securities held by those holders
• If the 'securities are 'equity securities, a distribution schedule of the additional 36 *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.

A copy of any trust deed for the additional *securities

Entities that have ticked box 34(b)

37

• 38 Number of ⁺securities for which ⁺quotation is sought
• ⁺Class of ⁺securities for which 39 quotation is sought
• Do the ⁺securities rank equally in 40 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
• $41$ Reason for request for quotation now

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

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

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

Number	$+C$ lass

⁺ See chapter 19 for defined terms.

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.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the 'securities to be quoted complies with the law and is $\bullet$ 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 $\overline{3}$ 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: $i\frac{5}{4}u/\nu$

Sign here:

Company secretary

DAVID MELLOR Print name:

== == == == ==

⁺ See chapter 19 for defined terms.