CULLEN RESOURCES LIMITED — Capital/Financing Update 2015

May 20, 2015

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ABN 46 006 045 790

21 May 2015

The Listing Manager Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

Share Purchase Plan - Notice Given Under Class Order (CO 09/425)

Cullen Resources Limited (‘Cullen’) gives notice under paragraph 7(f) (ii) of ASIC Class Order (CO 09/425) that:

1. Cullen will make offers to issue shares under a Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Act);

2. This notice is provided in accordance with ASIC Class Order ( CO 09/425) ;

3. As at the date of this notice, Cullen has complied with the provisions of Chapter 2M of the Act as they apply to Cullen and section 674 of the Act: and

4. As at the date of this notice there is no information that is excluded information (as that term is used in sections 708A (7) and (8) of the Act) in relation to Cullen.

Yours faithfully Cullen Resources Limited

W J Kernaghan Company Secretary