PRO-PAC PACKAGING LIMITED — Share Issue/Capital Change 2014

Apr 1, 2014

Pro-Pac Packaging Limited ABN: 36112971874

2 April 2014

Re: Form 484 Cancellation of shares under the ESPP on 29 November 2012

At the AGM in November 2012 shareholders approved the cancellation of 160,000 shares under the ESPP. The required From 484 was completed and submitted to ASIC but it was not announced to the ASX.

The form is now attached for the record and to enable the ASX to update its records accordingly.

Yours faithfully, lano

Mark Saus Company Secretary

Document No. 7E4880111

Lodgement date/time: 29-11-2012 14:03:38 Reference Id: 85621111

Form 484 Corporations Act 2001

Change to company details

Company details

Company name PRO-PAC PACKAGING LIMITED Australian Company Number (ACN) 112 971 874

Lodgement details

Who should ASIC contact if there is a query about this form?

Name

Mark Derrick SAUS

Signature

This form must be signed by a current officeholder of the company.

I certify that the information in this form is true and complete Name Mark Derrick SAUS Capacity Secretary Signature

Date signed 29-11-2012

C1 Cancellation of shares

Reason for cancellation	Shares cancellation detailsReason for cancellationS.258D Forfeited sharesThe cancelled shares are listed below:
						Share class code	Number of sharescancelled	Amount paid (cashor otherwise)
						IORD1	160000	52000
	Earliest Date ofcancellation	27-11-2012

C3 Change to share structure

The updated details for this changed share class are shown in the table below.

Share classIcode	Full title if not standard Total number of	Ishares	Total amount paid on Total amount unpaidthese shares	lon these shares
IORD 1	IORDINARY1	1163071660	166811040.11	10.00

27-11-2012 Earliest date of change