MAGONTEC LIMITED — Capital/Financing Update 2012

Nov 7, 2012

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MARKET RELEASE

8 November 2012

Magontec Limited

TRADING HALT

The securities of Magontec Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company in relation to a capital raising. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Tuesday, 13 November 2012 or when the announcement is released to the market.

Security Code: MGL

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Cormac Murphy Adviser, Listings

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Office 10 Level 8 139 Macquarie St Sydney NSW 2000 Australia Ph: 61 2 8231 7085 Fax: 61 2 9252 8960

8 November 2012

Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney, NSW, 2000

Magontec Limited (Company) – Request For Trading Halt

Dear Sirs,

In accordance with Rule 17.1 the Company (ASX code: ”MGL”) requests that trading in its securities be halted.

1. Reasons for the Halt

Pending announcement of a capital raising.

2. Length of Trading Halt

• The trading halt will continue to close of business on Monday 12 November 2012.

3. Event that Will Trigger End of Halt

Announcement by the Company of the details of its capital raising.

If such announcement has not been made before the commencement of trading on Tuesday 13 November 2012 the Company will request a suspension of trading in its Securities.

4. Any Reasons Why Halt Should Not Be Granted None

5. Any other Information None

Yours Sincerely

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John Talbot Company Secretary