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IGO LIMITED Capital/Financing Update 2016

Dec 21, 2016

65111_rns_2016-12-21_ec3c75e4-4b84-4cc0-a8a9-61070f3d851d.pdf

Capital/Financing Update

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22 December 2016

The Manager Market Announcements Office ASX Limited

Dear Sir / Madam

IGO completes compulsory acquisition of Windward shares

Independence Group NL (ASX:IGO) (IGO) confirms it completed the compulsory acquisition of the remaining ordinary shares in Windward Resources Limited (Windward) on 22 December 2016.

Yours faithfully

$H.14$ anald

Joanne McDonald Company Secretary Independence Group NL