LATITUDE 66 LIMITED — Capital/Financing Update 2016

Aug 15, 2016

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

1 6 August 2 0 16

T he Manag e r C ompany A n nounceme n ts Office A ustralian S e curities Exchange Limit e d

INFORMATION REQUIRED UNDER ASX LISTING RULE 3.10.5A

F urther to the Appendi x 3B lodged on 16 Aug u st 2016 fo r the issue o f 95,000,0 0 0 fully pai d o rdinary sh a res (“Place m ent”), Syn d icated Me t als Limited (ASX: SMD ) provides t h e followin g i nformation as required under ASX Listing Rule 3.10.5A.

• ( a) The dilu t ion to existing sharehol d ers as a re s ult of the Pl a cement is a s follows:

Number of shares o n issue prior to the Placement: 479, 4 42,464

Numberof shares onissue priorto the Placement: 479,442,464	Numberof shares onissue priorto the Placement: 479,442,464
Placement issue under Listing Rule 7.1(47**,055,754 sha**res)		9.81%
Placement issue under Listing Rule 7.1A(47,944,246 shares)		10.00%
Totaldilution as aresult of thePlacement		19.81%

Number of shares o n issue follo w ing the Pla c ement: 574,442,464

Details o f the appro x imate perc e ntage of th e issued capital followin g the compl e tion of the Placem e nt held by pre‐Placeme n t shareholders and new shareholde r s are as follows. Please note th a t this infor m ation relat e s specificall y to the portion of share s issued under Listing Rule 7.1 A (47,944,2 4 6 shares).

note thaRule 7.1At this inform(47,944,24ation relate6 shares).s specificallyto the portion of sharesissued	under Listing
Pre‐Placement shareholderswho did notparticipate inthe Placement	73.75%
Pre‐Placement shareholderswho didparticipate in thePlacement	17.39%
Participants in thePlacementwho were notpreviouslyshareholders	8.86%

• ( b) The Co m pany issue d shares un d er Listing R ule 7.1A as it consider e d the Placement as th e most co s t efficient and expedie n t method f o r raising funds at the ti m e.

• ( c) The Placement was n ot underw r itten.

• ( d) A place m ent fee of 5 % of the ca p ital raising proceeds and a 1% man a gement fe e will be pai d on the f u nds raised f rom the pla c ement.

Y ours faithf u lly, SYNDICATED METALS LIMITED

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Paul Bridson C ompany Secretary

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68A Ha y Street, Subiac o WA 6008 ‐ GPO Box 2810 Perth W A 6000 T: +61 8 9380 9440 F: + 6 1 8 9380 9449 info@syndicatedmetals.com.au ACN: 1 1 5 768 986 ASX C ode: SMD