HITECH GROUP AUSTRALIA LIMITED — Capital/Financing Update 2016

Feb 16, 2016

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17 February 2016

Company Announcements Australian Securities Exchange Level 4 20 Bridge Street Sydney NSW 2000

HiTech Group Australia Limited

Options Placement – ASX Listing Rule 3.10.3 announcement

For the purposes of ASX Listing Rule 3.10, HiTech Group Australia Limited ( HIT ) provides the following information in relation to the options allotted on 17 February 2016:

Information required by	Information from HIT
Listing Rule 3.10.3
Class of securities to be issued:	Ordinary Share Options
Number of securities issued or
to be issued (if known) or
maximum number which may
be issued:	5,300,000
	5,300,000 options at an exercise price of $0.22.
Principal terms of the securities	3,400,000 options expire on 16/2/2020.
to be issued:	1,900,000 options expire on 16/2/2019.
Issue price or consideration:	$0.22 per Option
Purpose of the issue:	Issued under Employee Sharer Scheme to incentivise employees
Whether the entity will seek	Shareholder approval will be sought for the issue of 3,400,000
security holder approval in	options issued to Directors at the Company’s next Annual General
relation to the proposed issue	Meeting. No shareholder approval will be sought for the remaining
of securities:	1,900,000 options issued to current employees.
Whether the issue will be to a	The issue is being made to current employees and Directors of
class of security holders:	HiTech Group Australia Limited only.

Yours sincerely,

Raymond Hazouri Director & CEO

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