SCIDEV LTD — Share Issue/Capital Change 2018

Nov 26, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

SCIDEV LTD

Applicable security for the reorganisation

SDV ORDINARY FULLY PAID SDVAN OPTION EXPIRING 28-NOV-2019 EX 2.5 C

Announcement Type

New Announcement Date of this announcement Tuesday November 27, 2018

Reorganisation type

Security consolidation Effective Date Monday December 3, 2018

Record Date

Tuesday December 4, 2018

Issue Date

Tuesday December 11, 2018

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

SCIDEV LTD

Registration Number

1.2 *Registered Number Type

ABN 25001150849

1.3 *ASX issuer code

SDV

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Tuesday November 27, 2018

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID OPTION EXPIRING 28-NOV-2019 EX 2.5 C

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SDV SDVAN

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval

• Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Thursday November or actual? received/condition approval 29, 2018 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Tuesday December 4, 2018

3.2 Date of +security holder meeting

Thursday November 29, 2018

3.3 Last day for trading in the pre-re-organised +securities

Friday November 30, 2018

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Monday December 3, 2018

3.5 Record date

Tuesday December 4, 2018

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Wednesday December 5, 2018

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3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Tuesday December 11, 2018

3.8 Trading starts on a normal T+2 basis

Wednesday December 12, 2018

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Friday December 14, 2018

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

10

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
SDV Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
638,152,007 63,815,201
ASX +Security Code ASX +Security
SDVAN Description
OPTION EXPIRING
28-NOV-2019 EX 2.5
C
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Actual
39,500,000 3,950,000
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5.2 *Exercise price of options

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ASX +Security Code ASX +Security Description SDVAN OPTION EXPIRING 28-NOV-2019 EX 2.5 C Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.02500000 AUD 0.25000000 Part 6 - Further information 6.1 Further information relating to the reorganisation 6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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