KEYBRIDGE CAPITAL LIMITED — Capital/Financing Update 2016

Jun 9, 2016

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10 June 2016

ASX Code: KBC

ASX Markets Announcements Australian Securities Exchange Exchange Centre Level 4, 20 Bridge Street Sydney NSW 2000

Via Electronic Lodgement

Withdrawal of proposal for the Restructure of Keybridge Capital Limited

The Board of Keybridge Capital Limited (ASX Code: KBC) has received the attached advice from Wilson Asset Management that they have withdrawn their restructure proposal.

For and on behalf of the Board.

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Andrew Moffat Chairman

For further information, please contact:

Andrew Moffat

Chairman Tel: + 61 411 153 050 Email: amoffat@keybridge.com.au www.keybridge.com.au

Antony Sormann Executive Director Tel: + 61 422 837 803 Email: asormann@keybridge.com.au www.keybridge.com.au

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10 June 2016

Mr Andrew Graeme Moffat Chairman Keybridge Capital Limited Level 4, 1 Alfred Street Sydney NSW 2000

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Dear Mr Moffat

Withdrawal of proposal for the Restructure of Keybridge Capital Limited

We refer to our proposal to restructure Keybridge Capital Limited ( Keybridge ) provided to you on 12 May 2016 ( Proposal ) involving the change in Keybridge’s investment manager, share buyback and public offer.

Given the recent change in, and discussions with, substantial shareholders and the Keybridge board, we are withdrawing our restructure proposal at this time.

Wilson Asset Management will waive our right to the $80,000 break fee included within our proposal.

If you have any questions regarding this letter, please contact me on (02) 9247 6755.

Yours sincerely

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Geoff Wilson Chairman

Wilson Asset Management