SENSEN NETWORKS LIMITED — Capital/Financing Update 2015

Feb 18, 2015

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ASX ANNOUNCEMENT

By Electronic Lodgement Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

19 February 2015

PARTIALLY UNDERWRITTEN NON-RENOUNCEABLE RIGHTS OFFER

ISSUE & ALLOTMENT OF NEW SHARES

The Directors of Orpheus Energy Limited (ASX:OEG) ( Orpheus or the Company ) are pleased to advise that it has today issued and allotted 12,946,811 New Shares in accordance with the nonrenounceable, partially underwritten rights offer ( Rights Offer ) announced on 21 November 2014.

This notice is given in accordance with Appendix 7A of the ASX Listing Rules.

Issue and allotment

Orpheus has issued 12,946,811 fully paid ordinary shares under the Rights Offer ( New Shares ), being:

• (a) 6,080,390 New Shares to eligible shareholders in regards to their entitlement under the Rights Offer;

• (b) 1,910,328 New Shares as a partial allocation of the shortfall to eligible shareholders who applied for additional shares under the Rights Offer; and

• (b) 4,956,093 New Shares to the Directors who partially underwrote the Rights Offer.

It is anticipated that 2,273,387 New Shares will be issued to Michael Rhodes on Friday 20 February 2015 following receipt of cleared funds in satisfaction of his underwriting commitment ( Rhodes Underwritten Shares ).

The remaining balance shortfall of 40,865,225 New Shares (excluding the Rhodes Underwritten Shares) can be placed at the discretion of the Board.

Quotation

Orpheus now seeks quotation of the above 12,946,811 New Shares. Please find attached an Appendix 3B in relation to the issue of the above New Shares.

A further Appendix 3B will be lodged once the Rhodes Underwritten Shares are issued.

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Shares and options on issue

Following the issue of the New Shares under the Rights Offer, Orpheus now has the following securities on issue:

Number	Class
181,203,082	ordinary shares
10,189,458	options (unlisted)

Rights Offer timetable

The remaining material dates for the finalisation of the Rights Offer are as follows:

	ffer timetableii il d f h filii f h Rih Off fll
	nng matera ates or te nasaton o te gts er are as oows:f ih f i fiiF
Expected date of dispatch of transaction confirmationstatements	f ih f i fii	F
		20 ebruary 2015
Expected date for commencement of normal tradingof New Shares issued under the Offer on the ASX		20 February 2015

For and on behalf of Orpheus Energy Limited

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Wayne Mitchell Executive Chairman Orpheus Energy Limited

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