REDCASTLE RESOURCES LIMITED — Capital/Financing Update 2016

Aug 8, 2016

9 August 2016

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Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

ENTITLEMENT ISSUE – SHORTFALL NOTICE

Transcendence Technologies Limited ( “the Company” ) is pleased to confirm that it has completed its pro-rata non-renounceable entitlement issue of one (1) Option (exercisable at $0.05 on or before the date which is 3 years after the date of issue) for every five (5) shares held at an issue price of $0.002 to raise up to $69,108 (before costs) ( Entitlement Offer ). The Entitlement Offer was fully underwritten.

The Company received applications from Shareholders subscribing for 23,220,949 New Options in the Company totalling $46,442. As such, there is a shortfall under the Entitlement Offer of 11,333,323 New Options.

The Shortfall New Options can be placed at the discretion of the Board in conjunction with the Underwriter as soon as practicable.

The allotment of New Options under the Entitlement Offer is scheduled to take place on 11 August 2016.

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945 Wellington Street, West Perth WA 6005 | ABN 57 096 781 716 T: +61 (0)8 9322 7600 | F: +61 (0)8 9322 7602 | W: www.tt‐limited.com | E info@tt‐limited.com