REDIVIUM LIMITED — Capital/Financing Update 2007

Nov 29, 2007

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Hannans Reward Limited

ABN

52 099 862 129

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be issued

Unlisted Director Options.

• 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued
• 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Exercise price is $0.80 each.

Expiry dates: 2,750,000 expire on 30 June 2011. 1,750,000 expire on 30 June 2012.

1,750,000 expire on 30 June 2013.

Vesting periods:

6,250,000

5,250,000 options will vest in 3 equal tranches over 3 years commencing from 30 June 2008.

1,000,000 options will vest on 30 June 2008.

+ See chapter 19 for defined terms.

Do the +securities rank equally inall respects from the date ofallotment with an existing +classof quoted +securities?	No - the shares issued upon exercise will rankequally with existing ordinary shares.
If the additional securities do notrank equally, please state:•the date from which they do•theextenttowhichtheyparticipateforthenextdividend, (in the case of atrust, distribution) or interestpayment•the extent to which they donot rank equally, other than inrelation to the next dividend,distributionorinterestpayment
	shareholders at the AGM held on 1 November2007.
Purpose of the issue(If issued as consideration for theacquisitionofassets,clearlyidentify those assets)	Issued to provide a cost effective considerationto the Directors for their ongoing commitmentand contribution to Hannans Reward in theirrespective roles.
into uncertificated holdings ordespatch of certificates
+classNumberandofall+securitiesquotedonASX(includingthesecuritiesinclause 2 if applicable)	Number79,983,929	+ClassFullypaidordinaryshares.
	Issue price or considerationDates of entering +securities	Nil – issued pursuant to the approval of29 November 2007

+ See chapter 19 for defined terms.

		Number	+Class
9	+classNumberandofall+securities not quoted on ASX(includingthesecuritiesinclause 2 if applicable)	1,000,000	Options exercisable at $0.20each on or before 31 March2008.
		250,000	Options exercisable at $0.20each on or before 2 May2008.
		3,000,000	Options exercisable at $0.20each on or before 31 March2010.
		500,000	Options exercisable at $0.20each on or before 30 April2010.
		500,000	Options exercisable at $0.50eachonorbefore31December 2010.
		250,000	Fully paid ordinary sharesescrowed until 29 February2008.
		2,750,000	Director options exercisableat $0.80 each on or before 30June 2011.
		1,750,000	Director options exercisableat $0.80 each on or before 30June 2012.
		1,750,000	Director options exercisableat $0.80 each on or before 30June 2013.

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

None presently.

Part 2 - Bonus issue or pro rata issue – Not Applicable

11 Is security holder approval required?

+ See chapter 19 for defined terms.

12	Is the issue renounceable ornon-renounceable?
13	+securitiesRatio in which thewill be offered
14	+Class of+securities to whichthe offer relates
15	+Recorddatetodetermineentitlements
16	Willholdingsondifferentregisters(orsubregisters) beaggregatedforcalculatingentitlements?
17	Policy for deciding entitlementsin relation to fractions
18	Names of countries in which the+security holders whoentity haswillnotbesentnewissuedocuments
	Note: Security holders must be told how theirentitlements are to be dealt with.
19	Cross reference: rule 7.7.Closingdateforreceiptofacceptances or renunciations
20	Names of any underwriters
21	Amount of any underwriting feeor commission
22	Names of any brokers to theissue
23	Fee or commission payable tothe broker to the issue
24	Amount of any handling feepayable to brokers who lodgeacceptances or renunciations on+security holdersbehalf of
25	If the issue is contingent on+security holders' approval, thedate of the meeting
26	DateentitlementandacceptanceformandprospectusorProductDisclosureStatementwillbesent to persons entitled
27	If the entity has issued options,andtheterms entitle optionholderstoparticipateonexercise,thedate on whichnotices will be sent to optionholders
28	Date rights trading will begin (ifapplicable)
29	Date rights trading will end (ifapplicable)

+ See chapter 19 for defined terms.

30	How do +security holders selltheir entitlements in full througha broker?
31	How do +security holders sell
	partoftheirentitlements
	through a broker and accept for
	the balance?
	+security
32	Howdoholders
	disposeoftheirentitlements
	(exceptbysalethrougha
	broker)?
33	+Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities (tick one)
• (a) Securities described in Part 1
• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35	If the +securities are +equity securities, the names of the 20 largest holders ofthe additional +securities, and the number and percentage of additional+securities held by those holders
36	If the +securities are +equity securities, a distribution schedule of the additional+securities setting out the number of holders in the categories
37	A copy of any trust deed for the additional +securities – NA

Entities that have ticked box 34(b)

38 Number of securities for which +quotation is sought

+ See chapter 19 for defined terms.

39 Class of +securities for which quotation is sought 40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• 2 We warrant the following to ASX.
  • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those +securities should not be granted +quotation.

+ See chapter 19 for defined terms.

• An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Damian Hicks Managing Director 30 November 2007

+ See chapter 19 for defined terms.