NEXTED GROUP LIMITED — Capital/Financing Update 2010

Feb 10, 2010

==> picture [138 x 43] intentionally omitted <==

ASX/Media Announcement (ASX: DGI)

11 February 2010

Digislide implements a Share Purchase Plan

Digislide Holdings Limited is pleased to announce the launch of a Share Purchase Plan (SPP) to raise up to A$2.6 million by offering shareholders in Australia and New Zealand the opportunity to subscribe for additional shares in the Company.

On 22 January 2010, shareholders approved the placement of up to 14 million shares in the capital of the Company at an issue price of not less than 80% of the average market price for the shares (such average price being calculated over the last 5 days on which sales in shares were recorded on ASX before the day on which the issue is to be made). Following consultation with shareholders post that General Meeting, the Board of Digislide has decided to give shareholders the opportunity to “top up” their shareholding in the Company at the present indicative price that has been offered to sophisticated investors under the current share placement program.

The proposed SPP will provide the capital necessary to:

• provide immediate investment into inventory required to support sales growth in both the US and other markets;

• finalise investment into tooling; and

• increase investment into marketing and market development in USA and China.

The SPP will allow eligible shareholders to subscribe for up to A$5,000 worth of Digislide ordinary shares at A$0.26 per share. This price is 11.6% lower than average market price of A$0.294, being the average market price for the shares over the last 5 days on which sales in shares were recorded on ASX prior to this announcement.

This will allow many of Digislide shareholders to conveniently increase their holdings without incurring brokerage or other transaction costs.

Under the terms of the SPP, Digislide will issue up to a maximum of 10 million ordinary shares (being a quantum of not more than 30% of Digislide’s issued share capital at the date of issue of the SPP shares). If subscriptions under this SPP are in excess of this number, Digislide intends to scale back the number of shares to each applicant.

The issue of shares to shareholders under this SPP does not require shareholder approval.

The Record Date for participation in the SPP is 5.00pm (Sydney time) 15 February 2010.

Digislide Holdings Limited ABN 75 105 012 066

PO Box 20 North Adelaide SA 5006 AUSTRALIA

100-102 Cavan Road Dry Creek SA 5094 AUSTRALIA

Phone 61 8 8262 3115 Fax 61 8 8262 8490 www.digislide.com.au

==> picture [138 x 43] intentionally omitted <==

It is anticipated that the SPP offer documents together with the application form will be mailed to eligible shareholders on or around 17 February 2010. To accept the SPP offer, shareholders will need to complete and return the application form together with the subscription monies no later than 5.00pm (Sydney time) on 12 March 2010 to Digislide share registry, Registries Limited.

Shareholders should consider all of the SPP documentation, including the SPP terms and conditions, before deciding whether to participate in the offer.

Indicative timetable - key dates

Indicative timetable - key dates
Record date for determining entitlements under SPP	5.00pm (Sydney time)15 February 2010
SPP documents despatched	17 February 2010
Offer opens	22 February 2010
Offer closes	5.00pm (Sydney time)12 March 2010
Shares allotted	17 March 2010
Despatch of holding statements	19 March 2010

The dates in the table above are indicative only. Digislide may amend this timetable at any time. Digislide also reserves the absolute right to withdraw the SPP offer at any time before the allotment date.

• end -

Further information contact:

Hean Siew Company Secretary

m: 0432 654 331 www.digislide.com.au

Page 2 of 2