MPR AUSTRALIA LIMITED — Capital/Financing Update 2015

Dec 22, 2015

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RIGHTS ISSUE UPDATE

Sydney – 23 December 2015 – Tag Pacific Limited (ASX: TAG)

Tag Pacific Limited (" Tag Pacific ") advises that the non-renounceable rights issue announced by the company on 30 November 2015 (" Rights Issue ") closed on 18 December 2015.

Under the Rights Issue, eligible shareholders were invited to subscribe for 11 new fully paid ordinary shares (" New Shares ") for every 20 ordinary shares held on 4 December 2015 at a price of 4 cents per New Share.

Tag Pacific has received applications under the Rights Issue for 30,584,038 New Shares, equating to proceeds of $1,224,142. A maximum number of 51,544,762 New Shares were available under the Rights Issue.

In accordance with the timetable, the allotment of the New Shares to shareholders is expected to occur on 29 December 2015 and holding statements will be dispatched to shareholders on 30 December 2015.

ENDS

For further information please contact:

Darrell Godin Company Secretary Tag Pacific Limited T: +61 2 8275 6000

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