EXCITE TECHNOLOGY SERVICES LTD — Capital/Financing Update 2012

Jan 5, 2012

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Level 1, 8 Parliament Place, West Perth WA 6005 PO Box 1618 West Perth WA 6872 Telephone: +61 8 9481 7833 Facsimile: +61 8 9481 7835

6 January 2012

The Manager Company Announcements Office Australian Securities Exchange Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir

RIGHTS ISSUE UPDATE

We wish to advise that the fully underwritten renounceable rights issue announced on 30 November 2011 has now been completed.

A total of 224,034,872 shares were subscribed for at $0.0125 each, and raised $2,800,435.90. The shortfall of 75,205,080 shares will be allocated by the underwriter, Cunningham, Petersen Sharbanee Securities Pty Ltd to raise a further $940,063.50 before costs.

Yours faithfully David Zukerman Company Secretary Prime Minerals Limited

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