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FIRST AU LIMITED Capital/Financing Update 2018

May 28, 2018

64900_rns_2018-05-28_d5a615f2-0c94-4a34-a6ca-16b52ab88693.pdf

Capital/Financing Update

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PUBLIC HOLDINGS (AUSTRALIA) LIMITED

A.C.N. 000 332 918

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29 May 2018

ASX Announcement

PHA: CAPITAL RAISING ACHIEVED

I am pleased to announce on behalf of Public Holdings (Australia) Limited (soon to be re-named 'First Au Limited') that the offers under the Prospectus dated 6 April 2018 are now closed. The minimum subscription of $5.5 million was exceeded with subscriptions received of over $6 million.

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Bryan Frost Chairman and Managing Director

Registered Office: Level 1 / 123 Whitehorse Road, Balwyn Vic. 3103 Australia. Phone: +61 3 9817 0700 Fax: +61 3 9817 0799 Email: [email protected]