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NEXTED GROUP LIMITED Capital/Financing Update 2012

Dec 18, 2012

65463_rns_2012-12-18_d74efc91-8957-428a-b839-c5f16ec12356.pdf

Capital/Financing Update

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DGI HOLDINGS LTD

1. PRO-FORMA BALANCE SHEET

1.1 Statement of financial position (unaudited)

Note
Current assets
Cash and cash equivalents
1
DGI Business
2
Total assets
Current liabilities
Unsecured creditors (cost of
reconstruction)
3
Total liabilities
Net assets / (liabilities)
Equity
Issued capital
Reserves
Accumulated losses
Total equity / (deficit)
Notes
:
1The movement in the cash assets is reconciled as follows:
Opening balance
First Placement of Shares and Options at $0.001 each
Second Placement of Shares at $0.01 each
Repayment of conditional loan arranged by the Syndicate to
enable the Company to satisfy its obligations under the DoCA
Closing balance
Pro-forma after
Capital Raising
Pro-forma
$
1,245,000
50,000
1,295,000
160,000
160,000
1,135,000
25,971,311
116,130
(24,952,441)
1,135,000
$
0
120,000
1,700,000
(575,000)
1,245,000

2 The value of the DGI business is estimated by the Directors to be $50,000 and is subject to audit verification.

3 This amount excludes the payment made by the Company in connection with the Proposal and the effectuation of the DoCA of $575,000, but includes estimated accrued expenses of the Offers. Refer to Section 11 of the Prospectus dated 26 October 2012 for details of the $575,000 loan advanced to the Company to satisfy approved creditors’ claims under the Creditors’ Trust Deed.