NEURIZER LTD — Capital/Financing Update 2011

Mar 20, 2011

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TO : ASX COMPANY ANNOUNCEMENTS OFFICE

Monday, 21 March 2011

ASX Code: MTN

Shortfall Notice under Appendix 7A of the ASX Listing Rules

Marathon Resources Limited (ASX: MTN) ( Marathon ) refers to its Offer Memorandum lodged with ASX on 1 March 2011 in relation to a one (1) for ten (10) non-renounceable pro-rata rights issue priced at $0.50 per new Marathon share ( Rights Issue ).

This notice is given in accordance with Appendix 7A of the ASX Listing Rules.

Marathon advises that the Rights Issue of 8,809,117 shares (taking into account rounding of entitlements) was undersubscribed by 4,690,303 shares ( Shortfall Shares ), subject to clearance of application moneys received.

Having reserved the right to do so in the Offer Memorandum, the Marathon Board intends to place the Shortfall Shares at its discretion. Any of the Shortfall Shares placed by the Marathon Board will:

• (a) be placed at a price that is not less than $0.50 per share, being the issue price for shares under the Rights Issue; and

• (b) be issued within 3 months of the closing date of the Right Issue.

S M Appleyard Company Secretary Marathon Resources Limited