FAR LIMITED — Capital/Financing Update 2012

Jun 21, 2012

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

FAR LIMITED ABN 41 009 117 293

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be Unlisted Options issued 2 Number of[+] securities issued or to 39,000,000 incentive options exercisable at 6 be issued (if known) or maximum cents on or before 30 June 2015. number which may be issued 3 Principal terms of the[+] securities Refer above (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

• See chapter 19 for defined terms.

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4 Do the[+] securities rank equally in all The options are not quoted on the ASX and respects from the date of allotment have no voting or dividend rights until with an existing[+] class of quoted exercised. +securities? Shares issued upon exercise of the options will If the additional securities do not rank equally with the Company’s existing rank equally, please state: • the date from which they do quoted ordinary shares. • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

5 Issue price or consideration Nil. 6 Purpose of the issue The options have been granted to employees (If issued as consideration for the and consultants to provide incentive to acquisition of assets, clearly identify contribute to and participate in the future those assets) growth of the Company and form part of the individual’s remuneration packages. 7 Dates of entering[+] securities into 22 June 2012 uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 2,499,846,742 ORD +securities quoted on ASX ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

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	9Number+securit	and+class ies not quoted on	ofallASX	Number		+Cl	ass
				2000000		Co	nsultant option	s (5
	(includi2 if app	_ng_the securities inlicable)	clause	,,		cenJu	ts - expiring oe 2012)	n 30
				7800000		In	entive Otions	(7
				,,		ce	pts - exirin o	30
						Jun	pge 2012)
				4,750,000		Co	nsultant option	s (10
						cen	ts - expiring on 31
						Ma	rch 2013)
				1,500,000		Inc	entive options	(18
						cen	ts - expiring o	n 30
						Ap	ril 2014)
				59,000,000		Inc	entive options	(6
						cen	ts - expiring o	n 30
						Jun	e 2015)
10Dividend policy (in the ca			se of a
trust, distribution policy)			on the
increased capital (interests)

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

6B

• See chapter 19 for defined terms.

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Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one ) (a)[Securities described in Part 1 ]

(b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

7B

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the ] additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36[If the ] +securities setting out the number of holders in the categories[+][securities are ][+][equity securities, a distribution schedule of the additional ] 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37[A copy of any trust deed for the additional ][+][securities ]

Entities that have ticked box 34(b) – NOT RELEVANT

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted[+] quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• See chapter 19 for defined terms.

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• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the[+] securities to be quoted, it has been provided at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Date 22 June 2012 (Company Secretary) Print name: COLIN HARPER

• See chapter 19 for defined terms.

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