EXCITE TECHNOLOGY SERVICES LTD — Capital/Financing Update 2014

Jul 20, 2014

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----- Start of picture text ----- Level 1, 8 Parliament Place, West Perth WA 6005 PO Box 1618 West Perth WA 6872 Telephone: +61 8 94811 7833 Facsimile: +61 8 94817835----- End of picture text -----

21 July 2 014

ASX ANNOUNCEMENT

PRIME MINERALS LIMITED (TO BE RENAMED COVATA LIMITED) MOELIS & COMPANY APPOINTED SOLE LEAD MANAGER

On 30 J u ne 2014, Prime Minerals Li m ited (AC N 120 658 497) ( Prime ) anno u nced the entry in t o a bid i m plement a tion agreement to merge with unliste d Australi a n public compan y Cocoon D ata Hold i ngs Limit e d (ACN 1 2 7 993 300) ( Cocoon ) ( Merger ), which holds various intellectual pro p erty inter e sts pertaining to da t a security software k nown as ” “Covata .

As a co n dition of the Merge r , Prime is required t o conduc t a capital raising u n der a full form pr o spectus t o raise at least $2. 5 million a nd up to between $10 milli o n to $15 million ( s ubject to market c onditions) at a minimum iss u e price o f $0.20 per Share ( Capital Raising ). This implies a curr e nt PIM s h are price of not le s s than 2 c ents per share pr e consolid a tion.

Prime is pleased t o announc e that lea d ing global independ e nt invest m ent bank Moelis & Company has bee n engage d as exclu s ive financial advise r , sole lea d manager and sole bookrun n er in rela t ion to the Capital R a ising.

Comme n ting on t he appoi n tment of Moelis & Company, Prime Chairman Michael Scivolo a nd Coco o n CEO Trent Telfo r d said: “ T he appoi n tment of M oelis & C ompany reflects C ovata’s u nique global busin e ss and di s ruptive t e chnology that offer s a game changin g approac h to intern e t and dat a security. We are d elighted t o have a firm of the calibre o f Moeils & Compan y in Austr a lia and o f fshore su p port Cov a ta throug h its next phase o f growth vi a the Capi t al Raisin g .”

CONTACT INFORMATION

For further information pleas e contact: Ronn B e chler Market E ye Pty Lt d (03) 9591 8900

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