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DATADOT TECHNOLOGY LIMITED Capital/Financing Update 2009

Jun 17, 2009

64764_rns_2009-06-17_31ace1a5-e5c4-448b-9d08-a9397dca0c99.pdf

Capital/Financing Update

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DataDot Technology Limited

ABN 54 091 908 726

Stock Exchange Announcement

18 June, 2009

DataDot Takeovers Panel Declaration

DataDot Technology Limited (“DataDot” or “the company”) notes the Declaration of Unacceptable Circumstances and Orders by the Takeovers Panel announced yesterday, a copy of which has already been published as a company announcement. .

This matter is a review by the Takeovers Panel of the actions of the sub underwriters of the company's recent rights issue and whether those actions had an undisclosed effect on control of the company. The declaration follows an application by a DataDot shareholder to the Takeovers Panel seeking orders that, among other things, the two sub underwriters dispose of any shares they acquired in DataDot as a result of sub underwriting the company's recent rights issue.

The company will immediately seek to implement the Orders of the Takeovers Panel which will involve an offer of the shares acquired by the sub underwriters as a result of sub underwriting the recent rights issue to shareholders who were entitled to participate in the rights issue. Further details on the offer will be set out in an offer document that will be sent to eligible shareholders in due course.

Commenting on the Takeovers Panel ruling, the Chairman of DataDot, Mr Allan Farrar, said: “The board notes the outcome of the Takeovers Panel review and will move swiftly to implement the resulting orders. The dispute was largely between a shareholder and the sub underwriters in relation to the recent capital raising and the company is pleased to have the matter behind it.