LARK DISTILLING CO. LTD — Capital/Financing Update 2012

Oct 28, 2012

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Montec International Limited ABN: 62 104 600 544

Level 3, 70 Pitt Street SYDNEY NSW 2000 PO Box 991 Rozelle NSW 2039 Australia montec@montecinternational.com www.montecinternational.com

Telephone: +61 1300 134 875 Facsimile: +61 2 9233 4497

29 October 2012

Renounceable Rights Issue Update

Montec International Limited (MTI) refers to its announcement on 10 October 2012 of a partially underwritten 2 for 1 renounceable rights issue at $0.001 per share subscribed for (Rights Issue). The offer is partially underwritten by Patersons Securities Limited (Underwriter).

Montec advises that Nebral Pty Ltd (Nebral) and Trandara Pty Ltd (Trandara), being two of Montec’s substantial shareholders who have agreed to act as priority sub-underwriters to the Rights Issue (refer sections 3.1 and 3.2 of the Offer Document) have given undertakings to both Montec and the Underwriter that all shares taken up under their priority sub-underwriting arrangements will be applied towards the repayment of a $350,000 loan Nebral and Trandara advanced to Montec last year.

Accordingly, the Underwriter has now waived (and will not seek to rely upon) the termination clause of the underwriting agreement relating to Nebral and Trandara and any company introduced sub-underwriters complying with their sub-underwriting obligations.

The Rights Issue timetable is proceeding as previously advised to ASX.

Yours sincerely

N Geddes Company Secretary