SIMONDS GROUP LIMITED — Capital/Financing Update 2014

Nov 19, 2014

20 November 2014

Simone Papas Manager, Issuers (Melbourne) ASX Limited Level 4 North Tower, Rialto 525 Collins Street MELBOURNE VIC 3000

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Dear Simone

Simonds Group Limited – ASX Listing Conditions

We refer to the listing conditions provided to us on 13 November 2014 ( Listing Conditions ) in connection with the initial public offering ( Offer ) of fully paid ordinary shares ( Shares ) in Simonds Group Limited (ACN 143 841 801) ( Simonds ) and our letter to you dated 14 November 2014 giving confirmations and enclosing documents in satisfaction of certain of the Listing Conditions.

In connection with the Listing Conditions we confirm that:

• (a) the Sale Shares to be sold by the Selling Shareholders have been transferred to SaleCo; and

• (b) Simonds has issued Shares, and SaleCo has transferred Shares, to successful Applicants under the Offer.

Yours sincerely

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Robert Geoffrey Stubbs

Chief Financial Officer and Company Secretary

Simonds Group Limited robert.stubbs@simonds.com.au

Simonds Group Limited Level 1, 570 St Kilda Road, Melbourne VIC 3004 Ph : +61 3 9682 0700

www.SimondsGroup.com.au ACN: 143 841 801