REDIVIUM LIMITED — Capital/Financing Update 2017

Nov 23, 2017

24 November 2017

==> picture [276 x 41] intentionally omitted <==

ASX & MEDIA ANNOUNCEMENT

Exercise of Options

Hannans Ltd (ASX: HNR) advises Shareholders that 8,333,334 unlisted options were recently exercised and 3,683,334 unlisted options expired on 20 November 2017. The updated capital structure is as follows:

Updated Capital Structure
OrdinaryFullyPaid Shares listed on the ASX	1,690,973,894
Unlisted Options exercisable at 0.4 cents on or before 3 June 2018	4,162,500
Unlisted Options exercisable at 0.5 cents on or before 20 November 2018	7,850,001
Unlisted Options exercisable at 2.9 cents on or before 20 November 2019	12,016,664
Unlisted Options exercisable at 2.7 cents on or before 15 September 2020	21,155,848
Unlisted Options exercisable at 2.6 cents on or before 27 October 2020	28,000,000
Unlisted Options exercisable on or before 27 October 2021	28,000,000
exercise price calculated from the VWAP for the five (5) trading days before
and five(5)tradingdays after 27 October 2018 PLUS apremium of 50%
Unlisted Options exercisable on or before 27 October 2022	28,000,000
exercise price calculated from the VWAP for the five (5) trading days before
and five(5)tradingdays after 27 October 2019 PLUS apremium of 50%

An Appendix 3B Application for Quotation of Additional Securities and Appendix 3Ys for the Directors are attached. For further information, please contact:

Ian Gregory Company Secretary +61 8 9324 3388 (T) info@hannansreward.com (E)

==> picture [482 x 52] intentionally omitted <==

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity HANNANS LTD 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 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (e.g. 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)	Fully paid ordinary shares.
	8,333,334.
	Fully paid ordinary shares.

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 1

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

4 Do the+securities rank equally in all respects from the+issue date 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 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 6a Is the entity an+eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h_in relation_ to the+ securities the subject of this Appendix 3B, and comply with section 6i 6b The date the security holder resolution under rule 7.1A was passed 6c Number of+securities issued without security holder approval under rule 7.1 6d Number of+securities issued with security holder approval under rule 7.1A	Yes.
	0.8 cents per share.
	Exercise of unlisted options pursuant to the terms of the Company’s Employee Share Option Plan.
	Yes.
	27 October 2017.
	Nil.
	Nil.

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 2

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

6e Number of+securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) 6f Number of+securities issued under an exception in rule 7.2 6g If+securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation. 6h If+securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements 7 +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B. 8 Number and+class of all+securities quoted on ASX (including the+securities in section 2 if applicable)	Nil.	Nil.
	8,333,334.
	N/A.
	N/A.
	Rule 7.1 – 249,877,584 Rule 7.1A – 168,769,694 (Refer Annexure 1)
	20 November 2017.
	Number	+Class
	1,690,973,894	Fully paid ordinary shares.

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 3

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

9 Number and+class of all+securities not quoted on ASX (including the+securities in section 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	7,850,001 12,016,664 4,162,500 21,155,848 28,000,000 28,000,000 28,000,000	Options exercisable at $0.005 each on or before 20 Nov 2018. Options exercisable at $0.029 each on or before 20 Nov 2019. Options exercisable at $0.004 each on or before 3 Jun 2018. Options exercisable at $0.027 each on or before 15 Sep 2020. Options exercisable at $0.026 each on or before 27 Oct 2020. Options exercisable on or before 27 Oct 2021. Exercise price calculated from the VWAP for the five (5) trading days before and five (5) trading days after 27 October 2018 PLUS a premium of 50%. Options exercisable on or before 27 Oct 2022. Exercise price calculated from the VWAP for the five (5) trading days before and five (5) trading days after 27 October 2018 PLUS a premium of 50%.
	N/A.

Part 2 ─ Pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or nonrenounceable? 13 Ratio in which the[+] securities will be offered

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 4

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent on security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
	.

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 5

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do security holders sell their entitlements in full through a broker? 31 How do security holders sell part of their entitlements through a broker and accept for the balance? 32 How do security holders dispose of their entitlements (except by sale through a broker)? 33 +Issue 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 X

• (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 of the 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 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional[+] securities

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 6

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

Entities that have ticked box 34(b)

• 38 Number of[+] securities for which[+] quotation is sought

• 39 +Class of +securities for which quotation is sought

• 40 Do the[+] securities rank equally in all respects from the[+] issue date 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)

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 7

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

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.

• 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 is not available now, we 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.

Sign here: Director Print name: Damian Hicks

Date: 24 November 2017

== == == == ==

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 8

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

Appendix 3B ─ Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated Insert number of fully paid[+] ordinary securities on issue 12 months before the[+] issue date or date of 1,648,113,603 agreement to issue Add the following • Number of fully paid[+] ordinary securities 31,250,000 fully paid ordinary shares. issued in that 12 month period under an 8,333,334 fully paid ordinary shares. exception in rule 7.2 (subject of this Appendix 3B) • Number of fully paid[+] ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid[+] ordinary securities N/A. that became fully paid in that 12 month period Note: • Include only ordinary securities here – other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items Subtract the number of fully paid[+] ordinary securities N/A. cancelled during that 12 month period “A” 1,687,696,937

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 9

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

Step 2: Calculate 15% of “A”

“B”			0.15 [Note: this value cannot be changed]
**Multiply **	“A” by	0.15	253,154,541

Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used

used	used
Insertnumber of+equity securities issued or agreed		3,276,957 fully paid ordinary shares
to be issued in that 12 month period_not counting_		escrowed until 31 August 2017
those issued:
•	Under an exception in rule 7.2
•	Under rule 7.1A
•	With security holder approval under rule 7.1
	or rule 7.4
Note:
•	This applies to equity securities, unless specifically
	excluded – not just ordinary securities
•	Include here (if applicable) the securities the subject
	of the Appendix 3B to which this form is annexed
•	It may be useful to set out issues of securities on
	different dates as separate line items
“C”		3,276,957

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1

7.1
“A” x 0.15 Note: number must be same as shown in Step 2	253,154,541
Subtract"C" Note: number must be same as shown in Step 2	(3,276,957)
Total[“A” x 0.15] – “C”	249,877,584
	[Note: this is the remaining placement capacity under rule
	7.1]

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 10

Appendix 3B New issue announcement

==> picture [466 x 5] intentionally omitted <==

Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A”
Note: number must be same as shown in	1,687,696,937
Step 1 of Part 1
Step 2: Calculate 10% of “A”
“D”	0.10 [Note: this value cannot be changed]
Multiply “A” by 0.10	168,769,694

Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

Insert number of[+] equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Note:

• This applies to equity securities – not just ordinary securities

• Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed

• Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which

• specific security holder approval has been obtained • It may be useful to set out issues of securities on different dates as separate line items

“E” Nil.

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

7.1A
“A” x 0.10 Note: number must be same as shown in Step 2	168,769,694
Subtract"E" Note: number must be same as shown in Step 2	Nil.
Total[“A” x 0.10] – “E”	168,769,694
	[Note: this is the remaining placement capacity under rule
	7.1A]

==> picture [466 x 5] intentionally omitted <==

• See chapter 19 for defined terms. 04/03/2013

Appendix 3B Page 11

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity	Hannans Ltd
ABN	52 099 862 129

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Jonathan Murray

Date of last notice 6 November 2017

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1) Andrea Rae Murray 2) Andrea Murray
Date of change	23 November 2017
No. of securities held prior to change	Ordinary shares 1) 141,775 2) 9,594,854 Unlisted options 2) 15,237,500 840,000 areheld ontrustforunrelated third parties
Class	(a) Fully paid ordinary shares (b) Unlisted options
Number acquired	(a) 500,000
Number disposed	(b) 500,000
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	(a) $4,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Ordinary shares 1) 141,775 2) 10,094,854 Unlisted options 2) 14,737,500 840,000 are held on trust for unrelated third parties Nature of change Exercise of unlisted options exercisable at

Example: on‐market trade, off‐market trade, exercise of options, 0.8 cents on or before 20 November 2017 issue of securities under dividend reinvestment plan, participation in buy‐back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

J Murray 23 November 2017

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity	Hannans Ltd
ABN	52 099 862 129

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Markus Bachmann
Date of last notice	6 November 2017

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	(1) Direct (2) Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(1) Markus Bachmann (2) Craton Capital Funds
Date of change	23 November 2017
No. of securities held prior to change	(1) 2,697,917 Ordinary shares 14,697,917 Unlisted options (2) 61,100,000 Ordinary shares
Class	(a) Fully paid ordinary shares (b) Unlisted options
Number acquired	(a) 500,000
Number disposed	(b) 500,000
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	(a) $4,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change (1) 3,197,917 Ordinary shares 14,197,917 Unlisted options (2) 61,100,000 Ordinary shares Nature of change Exercise of unlisted options exercisable at

Example: on‐market trade, off‐market trade, exercise of options, 0.8 cents on or before 20 November 2017 issue of securities under dividend reinvestment plan, participation in buy‐back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

M Bachmann 23 November 2017

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity	Hannans Ltd
ABN	52 099 862 129

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Amanda Scott
Date of last notice	6 November 2017

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	23 November 2017
No. of securities held prior to change	Ordinary shares 1) 1,260,001 Unlisted options 2) 19,000,000
Class	Unlisted options
Number acquired	Nil
Number disposed	3,166,667
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Ordinary shares 1) 1,260,001 Unlisted options 2) 15,833,333
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Expiry of unlisted options exercisable at 0.8 cents on or before 20 November 2017

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

A Scott 23 November 2017

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011