REDIVIUM LIMITED — Capital/Financing Update 2011

Oct 26, 2011

==> picture [154 x 114] intentionally omitted <==

ASX Announcement / Media Release 27 October 2011

Fast Facts

ASX Code: HNR

Capital Structure

Shares on issue: 131.6m Options on issue: 5m (ex 20c to $1) Market cap: $18m (at 13.5c)

UNDERWRITING OF ASX:SCR OPTIONS EXPIRING 31 OCTOBER 2011

In accordance with ASX Listing Rule 3.11.3 Hannans Reward Limited (ASX: HNR), (“Hannans” or “the Company”) advises that wholly owned subsidiary HR Equities Pty Ltd has entered into an underwriting agreement with Scandinavian Resources Ltd (ASX:SCR) to partially underwrite the Scandinavian Resources 25c options due to expire at 5pm (WST) on 31 October 2011.

Board of Directors

Richard Scallan Chairman Damian Hicks Managing Director William Hicks Non-Executive Director Jonathan Murray Non-Executive Director

HR Equities will underwrite a maximum of 18,000,000 shortfall shares (being the underlying SCR securities) resulting from unexercised SCR options. HR Equities will be paid an underwriting fee of 5% of the shortfall shares which is approximately $225,000.

For further information, please contact:

Projects (Western Australia)

Forrestania Nickel & Gold QVR Nickel Lake Johnston Nickel & Gold Jigalong Manganese and base metals

==> picture [100 x 37] intentionally omitted <==

Ian Gregory Company Secretary Hannans Reward Ltd Tel: (08) 9324 3388

==> picture [256 x 58] intentionally omitted <==