DEVEX RESOURCES LIMITED — Capital/Financing Update 2014

Aug 21, 2014

22 August 2014

Market Announcements Office Australian Securities Exchange via electronic lodgement

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Dear Sir or Madam

Non-renounceable Rights Issue Shortfall

Uranium Equities Limited (ASX: UEQ) (“the Company”) advises that the 1 for 3 non-renounceable rights issue at 1 cent per share, announced on 18 July 2014 (“Rights Issue”), closed on 19 August 2014. The Rights Issue offered up to 101,312,926 New Shares to raise approximately $1.0 million (before costs).

The Company advises that it has received applications for 75,116,941 New Shares raising $751,169.41. This comprises

• 39,024,712 entitlement shares;

• 3,092,229 additional shares; and

• 33,000,000 underwritten shares.

Subject to clearance of funds, the shortfall is 26,195,985 shares amounting to $261,959.85. The Directors have the right to place the shortfall within 3 months of the Closing Date in accordance with Listing Rule 7.2 Exception 3 and the Prospectus.

The Directors wish to thank shareholders for their continued support of the Company and advise that the New Shares will be issued on or around 26 August 2014.

Yours faithfully

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Rolf Heinrich Company Secretary