POLARX LIMITED — Capital/Financing Update 2016

Jun 8, 2016

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For Immediate Release 9 June 2016 Australian Securities Exchange: CYY

Capital Structure Post Continuance

Further to its ASX announcement of 27 May 2016 in relation to becoming registered as an Australian company (“Australian Continuance”), Coventry Resources Limited (“Coventry or “the Company”) (ASX:CYY) provides the following update on its capital structure as a result of the Australian Continuance:

1. Coventry’s common shares have become fully paid ordinary shares (“Shares”) on a 1:1 basis and hence there has been no change to the number of shares on issue in the Company; and

2. the Company’s CHESS Depositary Interests (CDIs) have been cancelled and former holders of CDIs now hold Shares directly in the Company (on a 1:1 basis) rather than through the Depositary Nominee and those Shares are now tradeable on ASX.

New holding statements in support of uncertificated Shareholdings have been dispatched to all shareholders and these replace existing CDI statements. Nil holding statements, in relation to the CDIs that have been cancelled, have also been dispatched.

The Company’s capital structure, following the Australian Continuance, is as follows:

Category	Number	Details
Quoted Securities
Shares	403,439,615	Fully paid ordinary
Unquoted Securities
		Expiring Various Dates and Various Ex Prices (as
Options	28,845,300	per option terms previously disclosed to ASX)

Ian Cunningham Company Secretary +61 8 9226 1356

icunningham@coventryres.com

Coventry Resources Limited (ACN 161 615 783) Suite 9, 5 Centro Avenue, Subiaco Western Australia 6008 PO Box 457, West Perth Western Australia 6872

t: +61 8 9226 1356 f: +61 8 9226 2027 e: info@coventryres.com www.coventryres.com