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POINTERRA LIMITED Capital/Financing Update 2010

Mar 23, 2010

64255_rns_2010-03-23_8bec44f1-04ec-4a1f-bdd0-4544fa963d18.pdf

Capital/Financing Update

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SOIL SUB TECHNOLOGIES LIMITED (Administrators Appointed) ABN 39 078 388 155

ASX Code: SOI

24 March 2010

Company Announcements Office ASX Limited Exchange Plaza 2 The Esplanade Perth, WA. 6000

Soil Sub Technologies Limited (Administrators appointed – Subject to a Deed of Company Arrangement) (“Company”)

We are pleased to advise that the Prospectus dated 22 March 2010 for the offer of fully paid ordinary shares in the Company (“Offer”) has closed. The Offer closed fully subscribed as follows:

  1. 250,000,000 Shares at an issue price of $0.01 per Share to raise $2,500,000 (Public Offer).

  2. 73,500,000 Shares to the Proponent and third parties nominated by the Proponent at an issue price of $0.001 per Share to raise $73,500 (Proponent Offer).

  3. 26,500,000 Shares to the Directors at an issue price of $0.001 per Share to raise $26,500 (Director Offer).

The Company is now in the process of seeking reinstatement of its securities to the official list of ASX.

Any queries in relation to the Offer should be directed to the Executive Chairman, Mr Guy Le Page at (08) 9321 3277.

Yours faithfully,

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Keong Chan Director & Company Secretary