RIVCO AUSTRALIA LTD — Capital/Financing Update 2018

Oct 23, 2018

Not for release to US wire services or distribution in the United States

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24 October 2018

ASX Announcement

DESPATCH OF RETAIL OFFER BOOKLET

Duxton Water Limited (ASX: D2O) (Duxton, the Company) is pleased to announce it has completed the despatch of the retail offer booklet and personalised entitlement and acceptance form to Duxton shareholders eligible to participate in the retail component of the Entitlement Offer (Retail Entitlement Offer). In addition, a letter to ineligible shareholders was also despatched.

On 17 October 2018, Duxton announced an accelerated non-renounceable 1 for 2 pro-rata entitlement offer of new ordinary shares in the Company (Entitlement Offer). On the 19 October 2018, Duxton announced the completion of the institutional component of the Entitlement Offer which raised approximately $9.8m (before transaction costs).

Further Information

For further information on the Entitlement Offer or if you have any questions you can call the Duxton Shareholder Information Line on 08 8130 9500 (within Australia) or +61 8 8130 9500 (outside Australia) from 8.30 am to 5.30 pm (AEDT) Monday to Friday (excluding public holidays).

Nothing contained in this announcement constitutes investment, legal, tax or other advice. You should make your own assessment and take independent professional advice in relation to the information and any action on the basis of the information.

Not for Release or Distribution in the United States

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.

Duxton Water Limited 7 Pomona Road, Stirling SA 5152 www.duxtonwater.com.au