FAR LIMITED — Capital/Financing Update 2020

Jan 27, 2020

28 January 2020

Placement - Cleansing Notice

Cleansing Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

FAR Limited (ASX: FAR) has today issued 10,352,000 ordinary fully paid shares ( Shares ) at an issue price of 4.25 cents per Share. The Shares were issued to institutional and sophisticated investors under the placement announced to the market on Thursday, 12 December 2019.

FAR hereby gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) to the ASX as follows:

1. The Shares were issued by FAR without disclosure being given to investors under Part 6D.2 of the Corporations Act and without a prospectus for the Shares being issued.

2. As a disclosing entity, FAR is subject to regular reporting and disclosure obligations.

3. As at the date of this notice, FAR has complied with:

   • a. the provisions of Chapter 2M of the Corporations Act as they apply to FAR; and

   • b. section 674 of the Corporations Act, as it applies to FAR.

4. As at the date of this notice, there is no “excluded information” as defined in sections 708A(7) and 708A(8) of the Corporations Act in relation to the Company.

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