CTI LOGISTICS LIMITED — Share Issue/Capital Change 2017

Apr 11, 2017

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

11 April 2017

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 issues of shares under the DRP and BSP pursuant to our final dividend.

In summary, 155,354 shares were issued on 11 April 2017, the interim dividend payment date. 143,585 shares were issued under the DRP and 11,769 shares were issued under the BSP.

Yours faithfully

Owen Venter 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

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 $\mathbf{z}$ to be issued (if known) or maximum number which may be issued

11,769 Shares - Bonus Share Plan (BSP) (see Part 2) 143,585 Shares - Dividend Reinvestment Plan (DRP)

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

⁺ 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 ٠ participate for the next dividend, (in the case of a distribution) trust. or interest payment the extent to which they do ٠ not rank equally, other than relation to the next in dividend, distribution or interest payment	Yes
5	Issue price or consideration	Nil for shares under the BSP,
		\$0.82 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.

• 6d Number of ⁺securities issued with security holder approval under rule 7.1A
• Number of ⁺securities issued 6e 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.
• 6h If ⁺securities were issued under $7.1A$ rule $for$ non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
• 61 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 al *securities quoted on ASX (including the ⁺securities ir section 2 if applicable)

Number	+ Class
71,181,289	Ordinary

11 April 2017

• See chapter 19 for defined terms.

		Number	+ Class
9	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 To rank Parri Pasu with existing shares trust, distribution policy) on the increased capital (interests)

Part 2 - Pro rata issue

$\mathbf{11}$	security holder Is 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 determine date to entitlements	08 March 2017
16	holdings different Will 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 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.	N/A
19	date Closing for receipt acceptances or renunciations	of $\mid N/A$
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 11 April 2017 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

$\hat{\mathcal{L}}$

⁺ See chapter 19 for defined terms.

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	11 April 2017

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 ΙXΙ

$(b)$

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 $10,001 - 100,000$

⁺ See chapter 19 for defined terms.

100,001 and over

37

A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

• $3⁸$ 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
• the extent to which they 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 $\overline{\text{or}}$ 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

⁺ 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.
• 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 $\overline{\mathbf{3}}$ 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: $4/4/20.7$

Sign here:

Company secretary

Print name: OWEN VENTER

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

⁺ See chapter 19 for defined terms.