DOTZ NANO LIMITED — Capital/Financing Update 2011

Dec 4, 2011

NORTHERN IRON LIMITED

ABN 71 125 264 575

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Level 3, 3 Ord St, West Perth West Perth WA 6005

T: (08) 9321 9334 F: (08) 9321 9335 info@northerniron.com.au www.northerniron.com.au

5 December 2011

DESPATCH OF SPP RULES

Northern Iron Limited (“Northern Iron”, “Company”) is pleased to announce that the Company’s 2011 Share Purchase Plan (“SPP”) rules have been lodged at ASX and will be despatched to eligible shareholders.

Secondary Trading Exemption Notice – Share Purchase Plan

Northern Iron Limited ( Northern Iron ) hereby notifies the ASX pursuant to paragraph 7(f)(ii) of ASIC Class Order [CO 09/425] that:

• (a) Northern Iron will make offers to issue shares under a share purchase plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cwlth) ( Act );

• (b) this notice is given by Northern Iron in accordance with ASIC Class Order [CO 09/425];

• (c) as at the date of this notice Northern Iron has complied with the provisions of Chapter 2M of the Act as they apply to Northern Iron and with Section 674 of the Act; and

• (d) as at the date of this notice, there is no excluded information of the type referred to in subsections 708A(7) and (8) of the Act.

For and on behalf of the Board.

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Alex Neuling Company Secretary

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