FATFISH GROUP LIMITED — Capital/Financing Update 2017

Jun 15, 2017

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 4, 91 William St Melbourne. Victoria Australia 3000 www.fatfish.co

16 June 2017

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

Dear Sir/Madam

Fatfish Internet Group Ltd (ASX:FFG) Notification of under subscriptions for the renounceable rights issue

Fatfish Internet Group Ltd (ASX:FFG) ( Company ) confirms that the Company's renounceable pro-rata entitlement offer ( Rights Issue ) closed at 5pm on Tuesday 13 June 2017.

The Company gives notice of shortfall of subscriptions for its Rights Issue as follows:

Details	No. of NewShares	No. of NewOptions	Gross Proceeds($)
Entitlement New Securitiesunder Rights Issue applied for	78,669,042	78,669,042	786,690.42
Additional New Securitiesapplied for under ShortfallOffer	41,166,920	41,166,920	411,669.20
Total Shares and Options	**119,835,962 **	119,835,962	1,198,359.62

Based upon Share Registry calculations, the total New Securities available under the Rights Issue is 169,299,446 New Shares and 169,299,446 New Options leaving a shortfall of 49,463,484 New Shares and 49,463,484 New Options ( Extra Shortfall Securities ). The Extra Shortfall Securities will be dealt with in accordance with the Supplementary Prospectus of 30 May 2017.

It is anticipated that the issue of the New Securities noted above under the Rights Issue will occur on 20 June 2017 and that normal trading of the new shares will commence on 21 June 2017.

Yours faithfully

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D H Low Director