REDIVIUM LIMITED — Capital/Financing Update 2014

Mar 16, 2014

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14 March 2014

ASX ANNOUNCEMENT

First USD500,000 Received for Rakkuri Iron Project, Sweden

• First USD500,000 received from Third Party for exclusive right to complete due diligence

• Second USD500,000 due on or before 1 September 2014

Hannans Reward Ltd (ASX:HNR) ( Hannans or the Company ) announced on 27 February 2014 that its wholly owned subsidiary company Kiruna Iron AB ( Kiruna Iron ) had granted a Third Party the exclusive right to complete due diligence on its Rakkuri Iron Project ( Rakkuri ), located 5 kilometres south of Kiruna, a full service mining town in northern Sweden.

By way of background Rakkuri comprises two iron deposits, namely Rakkurijoki and Rakkurijärvi. A positive Scoping Study (released by Hannans to the ASX on 13 February 2013) determined that the Rakkurijoki deposit has the potential to supply an iron product over a 12 year mine life, at a premium price, to the European and the Middle East North African markets. The Scoping Study evaluated the practicality of combining a low-cost logistics solution with the least mining, processing, financial and execution risk. A decision was then made to include the Rakkurijärvi iron deposit, located 2½ kilometres south-west of Rakkurijoki in a Pre-feasibility Study. Combining the two deposits is likely to further enhance the economics of Rakkuri with relatively minimal additional capital expenditure.

During the last twelve months Kiruna Iron has received expressions of interest from a number of parties regarding exploration, development and extraction of the iron deposits at Rakkuri. Kiruna Iron has granted a Third Party the exclusive right to conduct a detailed due diligence on Rakkuri. The period of exclusivity ends on 1 September 2014. In consideration for the grant of the exclusive right, the Third Party agreed to pay Kiruna Iron a non-refundable signing bonus of USD One Million (USD1,000,000). The first half of the signing bonus has now been received and the second half is due on or before 1 September 2014.

A summary of the Company’s Swedish iron projects is contained within the Annual General Meeting presentation released to ASX on 21 November 2013.

For further information please contact:

Damian Hicks Amanda Scott Managing Director Exploration Manager Hannans Reward Ltd Hannans Reward Ltd +46 703 220 226 (M) +46 703 221 497 (M) damianh@hannansreward.com (E) amanda@hannansreward.com (E)

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