DEEP YELLOW LIMITED — Share Issue/Capital Change 2016

May 30, 2016

ASX Announcement

ASX: DYL

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31 May 2016

CLEANSING NOTICE - SHARE PURCHASE PLAN

Deep Yellow Limited ACN 006 391 948 (ASX: DYL) (Deep Yellow or the Company) is proposing to offer to eligible shareholders the opportunity to subscribe for shares in the Company under the Share Purchase Plan (Plan).

A copy of the Plan offer booklet was separately lodged with ASX today.

The Company gives notice under Australian Securities and Investments Commission Class Order 09/425 ( CO 09/425 ) that:

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

2. This notice is given by the Company in accordance with CO 09/425;

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

4. As at the date of this notice, there is no information that is excluded information under section 708A(7) and (8) of the Act that has not already been disclosed to investors generally.

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Mark Pitts Company Secretary

Unit 1, Spectrum Building, 100-104 Railway Road, Subiaco, WA 6008 Tel : 61 8 9286 6999 / Fax : 61 8 9286 6969 / ABN 97 006 391 948 Email: info@deepyellow.com.au / Website: www.deepyellow.com.au