JATCORP LIMITED — Capital/Financing Update 2016

Dec 11, 2016

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NON-RENOUNCEABLE ENTITLEMENT OFFER CLEANSING NOTICE

Section 708AA(2)(4) of the Corporations Act 2001 (Cth)

9 December 2016

On 7 December 2016 Jatenergy Limited ACN 31 122 826 242 ( Company ) announced that it proposed to make a non-renounceable pro-rata entitlement off to eligible shareholders of ordinary fully paid shares in the Company at an issue price of 1.0 cents per share on the basis of 1 New Share ( New Share ) for every 11 shares ( the offer ). Pursuant to the Entitlement Offer, the Company will issue up to 15,660,185 shares to raise up to $156,602 before costs ( Rights Issue ).

An Offer Document will be despatched to all Eligible Shareholders together with an Entitlement and Acceptance Form on 13 December 2016.

Pursuant to section 708AA (2)(f) of the Corporations Act 2001 (Cth) ( Act ), the Company hereby states:

1. The Company will offer the New Shares for the issue without disclosure to investors under Part 6D.2 of the Act.

2. The Company is providing this notice under section 708AA(2)(f) of the Act.

3. As at the date of this notice, the Company has complied with:

4. (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

5. (b) section 674 of the Act.

6. As at the date of this notice there is no information:

7. (a) that has been excluded form a continuous disclosure notice in accordance with the ASX Listing Rules; and

8. (b) that investors and their professional advisers would reasonable require for the purpose of making an informed assessment of:

   • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   • (ii) the rights and liabilities attaching to the Shares.

9. The potential effect the Rights Issue will have on the control of the Company is:

10. (a) as the Rights Issue is a pro-rata issue, if all Shareholders take up their entitlement, there will be no change in control; and

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(b) as the Rights Issue is partially underwritten by Mr Crimmins, Mr Yao and Mr Hajek the table below shows the impact of control.

Shares	Shares owned	Shares issued to	Total Shares	Voting Power of
	by Mr	Mr Crimmins as	on issue	Mr Crimmins
	Crimmins	Underwriter
As at date of Offer	28,958,849		172,262,035	16.81%
Completion of Entitlement Offer
- FullySubscribed	31,591,472	0	187,922,220	16.81%
- 50% Subscribed	31,591,472	2,367,400	185,330,233	18.32%
- Only Mr Crimmins, Mr Yao and Mr Hajek subscribe	31,591,472	2,367,400	183,262,035	18.53%
Shares	Shares owned	Shares issued to	Total Shares	Voting Power
	by Mr Yao	Mr Yao as	on issue	of Mr Yao
		Underwriter
As at date of Offer	3,500,000		172,262,035	2.03%
Completion of Entitlement Offer
FullySubscribed	3,818,182	0	187,922,220	2.03%
50% Subscribed	3,818,182	681,818	185,330,233	2.43%
Only Mr Crimmins, Mr Yao and Mr Hajek subscribe	3,818,182	681,818	183,262,035	2.45%
Shares	Shares owned	Shares issued to	Total Shares	Voting Power
	by Mr Hajek	Mr Hajek as	on issue	of Mr Hajek
		Underwriter
As at date of Offer	30,922,235		172,262,035	17.95%
Completion of Entitlement Offer
FullySubscribed	33,733,347	0	187,922,220	17.95%
50% Subscribed	33,733,347	2,188,888	185,330,233	19.38%
Only Mr Crimmins, Mr Yao and Mr Hajek subscribe	33,733,347	2,188,888	183,262,035	19.60%