RAIDEN RESOURCES LIMITED — Capital/Financing Update 2013

Nov 10, 2013

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ASX Announcement

11 November 2013

Completion of Placement

SubZero Group Limited (ASX: SZG) (" SZG ") is pleased to announce that it has today completed the placement of 24,195,000 fully paid ordinary shares at an issue price of 10 cents per share to raise approximately $2.4 million.

The placement is the first component of the capital raising of up to approximately $8.7 million (before costs) to be conducted in conjunction with the fully underwritten, 1:3 pro rata nonrenounceable Entitlement Offer also at 10 cents per new share announced to the market on 1 November 2013.

In making the announcement SZG Chairman Malcolm Jackman said "We are delighted with the positive response from new institutional and sophisticated investors and look forward to the successful completion of the Entitlement Offer which is scheduled to open on 19 November 2013."

The Prospectus for the Entitlement Offer was lodged with ASIC and the ASX on 7 November 2013 and is scheduled to be sent to Eligible Shareholders together with a personalised Entitlement and Acceptance Form on 19 November 2013.

For further information:

Scott Farrell

Managing Director P: +61 2 6540 9400 F: +61 2 6540 9444 M: +61 438 251 699 E: sfarrell@subzeroservices.com.au

Robert Lojszczyk Chief Financial Officer P: +61 2 6540 9400 F: +61 2 6540 9444 M: +61 418 362 283 E: rlojszczyk@subzeroservices.com.au

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About SubZero Group Limited

The SubZero Group carries on an established mining service business based in the Hunter Valley, New South Wales. Its clients are almost exclusively involved in the Hunter Valley thermal coal mining industry. SubZero Group’s services include Mechanical Support (on and off-site mining machinery support), Structural Support (on and off-site engineering support) and Production Support (mining production support). SubZero has a presence in over 25 coal mines and over 90 clients including Rio Tinto, BHP Billiton and Xstrata. Further information can be found at the SubZero website: http://subzeroservices.com.au/

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