RAIDEN RESOURCES LIMITED — Regulatory Filings 2017

May 30, 2017

Ernst & Young 200 George Street Sydney NSW 2000 Australia GPO Box 2646 Sydney NSW 2001

Tel: +61 2 9248 5555 Fax: +61 2 9248 5959 ey.com/au

==> picture [71 x 81] intentionally omitted <==

31 May 2017

MARKET ANNOUNCEMENT

A.C.N. 009 161 522 Limited (Formerly known as: Subzero Group Limited) (Receivers and Managers Appointed)(Subject to Deed of Company Arrangement) ACN 009 161 522 (“the Company”) ASIC Reporting Relief

I refer to my appointment together with Mr Adam Nikitins as Joint and Several Voluntary Administrators of the Company on 11 February 2016 and subsequent appointment as Joint and Several Deed Administrators on 5 December 2016. I also refer to previous announcements published on the Australian Stock Exchange (“ASX”) since our appointment, in particular, the announcement published on 9 February 2017 with respect to the Australian Securities and Investments Commission (“ASIC”) reporting relief.

ASIC reporting relief

The Deed Administrators of the Company advise that ASIC has granted the Company further relief and it does not need to comply with any of the following obligations under Part 2M.3 of the Corporations Act:

• (a) report to members of the Company under section 314 within the time required by section 315;

• (b) send reports to a member of the Company in accordance with a request under subsection 316(1) within the time required by subsection 316(2);

• (c) lodge reports with ASIC under subsection 319(1) within the time required by subsection 319(3);

• (d) lodge half-year reports with ASIC under subsection 320(1) within the time required by that subsection;

in relation to:

(e) the half-year of the Company ended 31 December 2015;

• (f) the financial year of the Company ended 30 June 2016; and (g) the half-year of the Company ended 31 December 2016.

The relief ends on or before the earlier of:

• 30 June 2017; or

• The date the Company ceases to be under external administration.

Should you have any queries, please contact Mr Doug Kay on (02) 8295 6587.

Yours faithfully

==> picture [65 x 41] intentionally omitted <==

Philip Campbell-Wilson

Joint and Several Deed Administrator

A.C.N. 009 161 522 Limited (Formerly known as: Subzero Group Limited)

(Receivers and Managers Appointed) (Subject to Deed of Company Arrangement)

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation