EXCITE TECHNOLOGY SERVICES LTD — M&A Activity 2014

Oct 7, 2014

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Level 1, 8 Parliament Place, West Perth WA 6005 PO Box 1618 West Perth WA 6872 Telephone: +61 8 9481 78833 Facsimile: +61 8 9481 7835

8 October 2 014

The Manager Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

SATISFACTION OF BID CONDITIONS

Prime Min e rals Limited (“PIM”), to b e renamed Covata Lim i ted, is plea s ed to anno u nce that it h as receive d acceptances under its off-market takeover o f fer (“Takeo v er Offer”) for Cocoon Data Holdings Limite d (“Cocoon”) in respect o f 92.23% o f Cocoon s hares on i s sue. As a result, PI M has satisfi e d the 90 % acceptance condition t o the Takeov e r Offer.

Satisfactio n of the 90% acceptance condition m eans that PIM has satis f ied all of th e operative c onditions t o the Takeov e r Offer, oth e r than:

• (a) AS X conditionally confirmin g that it will r e-admit PI M to the Offic i al List and t e rminate th e suspensio n fro m the Officia l Quotation o f PIM share s ( Readmission Condition ); and

• (b) all Cocoon se c urities convertible into o rdinary Co c oon share s having be e n either converted int o ordinary Coco o n shares or cancelled ( o ther than C ocoon opti o ns and con v ertible not e s which ar e bei n g dealt wit h separately to the Tak e over Offer), and Cocoo n having no more than 3 81,877,81 8 Co c oon Share s on issue ( Conversion Condition ).

Consistent with the Bi d Implement a tion Agree m ent betwe e n PIM and Cocoon in r espect of t h e Takeove r Offer, all r e maining Co c oon securities which a r e convertibl e into Coco o n ordinary s hares will a utomaticall y convert an d the Conversion Conditi o n will be s a tisfied as a r esult. The holders of th o se converti b le securitie s must then a ccept the T a keover Off e r within 5 b u siness days of conversi o n occurring .

PIM is cur r ently active l y working w ith the AS X to have t h e Readmis s ion Conditi o n satisfied as soon a s possible.

For more information, please visit: w ww.covata. c om

Investor Relations Contact: Ronn Bech l er Market Eye Pty Ltd (03) 9591 8 900

Yours faithfully Norman Grafton Company Secretary Prime Minerals Limited

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