MPR AUSTRALIA LIMITED — Capital/Financing Update 2018

Dec 12, 2018

EXTENSION OF CLOSING DATE OF RIGHTS ISSUE

Sydney – 13 December 2018 – Tag Pacific Limited (ASX: TAG) (Tag Pacific or the Company ) advises that it is extending the closing date for acceptance of applications for its 2 for 5 non-renounceable rights issue of fully paid ordinary shares in the Company ( Rights Issue ). Capitalised terms have the same meaning as defined in the Offer Document dated 29 November 2018.

Some shareholders, particularly those residing in New Zealand who wish to participate in the Rights Issue, have encountered practical difficulties in meeting the time frame envisaged by the original timetable.

The closing date of the Rights Issue is now 5:00pm Sydney time on 18 January 2019.

The Record Date for determining Entitlements under the Rights Issue remains 4 December 2018.

The revised timetable for the remaining dates is set out below. These dates are indicative only and the Company reserves the right to vary the dates, including further extending the Closing Date, at any time (subject to the Corporations Act and the ASX Listing Rules). Any extension of the Closing Date will have a consequential effect on the issue date of the new shares to be issued under the Rights Issue.

Activity	Date
Closing Date for the Rights Issue	5.00pm (Sydney time)on 18 January2019
Sharesquoted on deferred settlement basis	21 January2019
ASX notified of under subscriptions	23 January2019
Issue of New Shares under the Rights Issue	25 January2019
Holdingstatements are dispatched to Shareholders	29 January2019

Eligible Shareholders will need to ensure that, to the extent they wish to accept their Entitlement under the Rights issue, their Application Moneys are received by the Company's share registry (Computershare Investor Services Pty Limited) by no later than 5:00pm Sydney time on Friday 18 January 2019.

ENDS

ABOUT TAG

Tag Pacific Limited is a Sydney-based investment house listed on the Australian Securities Exchange with a focus on niche areas of the power industry. Tag has invested in a diverse range of companies and activities that have been brought together primarily to operate under the banner of MPower. The company’s mission is to invest in the power industry in a manner that creates and enhances value over time.

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For further information please contact:

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

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