DE.MEM LIMITED — Capital/Financing Update 2018

Nov 25, 2018

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26 November 2018

Company Announcements Office, ASX Limited

By E-Lodgement

Rights Issue Cleansing Notice

On 26 November 2018, De.mem Limited (ASX:DEM) (“ De.mem ” or “ the Company ”) announced that it would be offering shareholders the opportunity to participate in a non-renounceable rights issue of a one (1) Share for every seven (7) Shares held, at an issue price of $0.135 to raise up to $2,076,473 before costs of the offer (“ Offer ”).

Further details regarding the Rights Issue are set out in that announcement and also in the offer document that will be dispatched to all shareholder in accordance with the timetable as announced on 26 November 2018.

This notice is given by the Company under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (" Corporations Act ”), as modified by Australian Securities and Investments Commission.

For the purposes of section 708AA(7) of the Corporations Act, the Company advises as follows:

1. The Company will offer the Shares under the Offer without disclosure under Part 6D.2 of the Corporations Act;

2. As at the date of this notice, the Company has complied with:

   • i. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • ii. section 674 of the Corporations Act.

3. As at the date of this notice, there is no “excluded information” within the meaning of sections 708AA(8) and 708AA(9) of the Corporations Act which is required to be disclosed under this notice.

4. The Rights Issue is not expected to have any material effect or consequence on the control of the Company.

5. The potential effect that the Rights Issue will have on the control of the Company, and the consequences of that effect, will depend on a number of factors, including eligible shareholders’ interest in taking up their entitlements as well as the level of participation of eligible shareholders in any shortall that is subsequently placed.

If you have any questions please call Brett Tucker on 08 9482 0500.

Yours sincerely, Brett Tucker Company Secretary

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