FATFISH GROUP LIMITED — Capital/Financing Update 2015

Jan 4, 2015

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 1, 47 Coppin Street Richmond VIC 3121 Australia

www.fatfish.co

5 January 2015

The Manager Company Announcements ASX Limited Level 4, 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

Fatfish Internet Group Ltd (ASX:FFG) Despatch of Letter to Shareholders

Fatfish Internet Group Ltd confirms that the enclosed letter will be despatched today.

Yours faithfully

D H Low Director

Legal/43258272_4

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 1, 47 Coppin Street Richmond VIC 3121 Australia www.fatfish.co

2 January 2015

[name of recipient] [address of recipient]

Dear Shareholder

Fatfish Internet Group Ltd (ASX:FFG) Non-Renounceable Rights Issue Notification of information contained in Appendix 3B lodged on 2 January 2015

This letter is to notify you that on Friday 2 January 2015, Fatfish Internet Group Ltd (ABN 88 004 080 460) (ASX:FFG) ( Company ) announced to the ASX a nonrenounceable rights issue ( Rights Issue ). The Prospectus for the Rights Issue ( Prospectus ) has been lodged with ASIC and the ASX and is available on the ASX website (www.asx.com.au) and the Company’s website (http://www.fatfish.co/).

The Rights Issue will offer eligible FFG shareholders the opportunity to apply for 1 new option to subscribe for ordinary shares ( New Option ) for every existing ordinary share held as at 7.00pm (Sydney time) on Thursday 8 January 2015 ( Record Date ), at an offer price of A$0.01 per New Option. Each New Option may be exercised at any time from the date of its issue until 29 July 2016 at an exercise price of A$0.22 each.

It is anticipated that up to 129,625,266 New Options may be issued pursuant to the Rights Issue, which would raise approximately A$1.29 million before expenses.

The Rights Issue is not underwritten.

Funds raised under the Rights Issue will be used to strengthen the Company’s balance sheet, to make new investments into Internet businesses in the Australasia region and to fund general working capital.

The Rights Issue is open to FFG shareholders with registered addresses in Australia, New Zealand and Malaysia as at the Record Date. FFG shareholders at the Record Date with a registered address outside Australia, New Zealand and Malaysia will not be eligible to participate in the Rights Issue.

The Company will seek quotation on the ASX of the New Options issued pursuant to the Prospectus.

Key information and dates applicable to the Rights Issue are set out below for your information.

Legal/43257740_4

Summary of key information

Type of offer	Non-renounceable, pro-rata entitlement offer ofNew Options to FFG shareholders resident inAustralia, New Zealand and Malaysia on theRecord Date.
Offer ratio (entitlement)	1 New Option for every existing FFG ordinaryshare held as at the Record Date.
Issue price for each New Option	A$0.01
Exercise price in respect of eachNew Option	A$0.22
Expiry date of each New Option	29 July 2016

Proposed timetable

Lodgement of Prospectus with ASIC and announcementof Offer	Friday 2 January 2015
Existingsharesquoted 'ex' rights	Tuesday6January2015
Record Date	7.00pm (Sydney time) onThursday8January2015
Openingdate of the Offer	Monday12January2015
Closing date of the Offer	5.00pm (Sydney time) onWednesday21January2015
Allotment of New Options	Thursday29January2015
New Options expected to commence tradingon the ASX	Friday30January2015
Despatch of holdingstatements	Friday6 February2015

All future dates specified in this letter are indicative and may be subject to change.

For further information regarding the Rights Issue, your FFG shareholding or the exercise of your existing FFG options, please contact Security Transfer Registrars Pty Limited on +61 8 9315 2333.

Yours faithfully

D H Low Director

Legal/43257740_4