PPK GROUP LIMITED — Capital/Financing Update 2014

Mar 4, 2014

ASX Announcement

5 March 2014

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MARKET UPDATE

PPK Group Limited (ASX: PPK) (" PPK ") is pleased to provide the following update on its proposed capital raising and the acquisition of the Coaltram mining equipment business.

Placement

As announced on 19 February 2014, the Placement of new fully paid ordinary shares at an issue price of 75 cents per share ( Placement Shares ) is being made in two tranches. The first comprises the issue of Placement Shares to professional or sophisticated investors. The second comprises the issue of Placement Shares to the Directors (or their associated entities), subject to shareholder approval at a general meeting of shareholders proposed to be held on or about 9 April 2014.

It is now proposed that the completion date in respect of the first tranche, comprising the issue of 3,285,320 Placement Shares to raise approximately $2.46 million, be extended to not later than Friday, 7 March 2014.

The second tranche will comprise 2,094,912 Placement Shares, which when issued will raise approximately a further $1.57 million. Further details will be included in the Notice of the Meeting to be sent to shareholders.

Share Purchase Plan (SPP)

As a consequence of the extension of the completion date for the first tranche, it is proposed that the timetable for the SPP also be extended by approximately one week. A revised indicative timetable for the SPP will be set out in the SPP booklet which will be sent to Eligible Shareholders and given to the ASX early next week.

Coaltram Acquisition

As announced on 2 January 2014, PPK has agreed to acquire the Coaltram business and assets from DMS for $13 million. This transaction remains on foot with certain conditions precedent yet to be satisfied by the vendor. PPK expects to make a further update announcement regarding the completion of this transaction within the next 7 days.

For further information please contact:

Robin Levison Executive Chairman Tel: 61 (2) 9241 7372

PPK GROUP LIMITED

ABN: 65 003 964 181

LEVEL 31, AUSTRALIA SQUARE, 264-278 GEORGE STREET, SYDNEY NSW 2000 PO BOX H18, AUSTRALIA SQUARE NSW 1215 TEL: +61 2 9241 7372