SMART PARKING LIMITED — Capital/Financing Update 2014

Feb 18, 2014

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What’s this about?

Effective date: 19/02/2014

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Title

SMART PARKING LIMITED – ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER

Description

Smart Parking Ltd (Company) announced a 2 for 5 accelerated non-renounceable pro-rata entitlement offer of new securities at an issue price of $0.15 per ordinary share to raise up to approximately A$12.5 million (Entitlement Offer).

The Entitlement Offer has the following components.

• An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).

• A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Entitlement Offer).

New ordinary shares issued under the Entitlement Offer will rank equally with existing ordinary shares on issue.

The anticipated timetable in relation to the Entitlement Offer is set out below.

Event	Date
Trading halt applied (2 day halt request)	Before market open, Wednesday, 19 February 2014
Announcement date	Wednesday, 19 February 2014
Institutional entitlement offer materials released to market, including fixed price
Cleansing notice released to the market	Wednesday, 19 February 2014
Institutional entitlement offer - open date	Wednesday, 19 February 2014
Institutional entitlement offer - close date	Thursday, 20 February 2014
Announcement of placement results and completion of institutional component of	Friday, 21 February 2014
entitlement offer
Trading recommences	Friday, 21 February 2014
Record date – retail entitlement offer	7pm, Monday, 24 February 2014

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ASX Notice Notice

Retail entitlement offer - open dateDispatch of entitlement offer materials to retail investorsLodgement of entitlement offer materials with ASX	Tuesday, 25 February 2014
Institutional entitlement offer - settlement date	Thursday, 27 February 2014
Institutional entitlement offer and placement - allotment date	Friday, 28 February 2014
Normal trading –institutional entitlement offer	Friday, 28 February 2014
Retail entitlement offer – close date	Wednesday, 12 March 2014
Retail entitlement offer shortfall notification to ASX	Monday, 17 March 2014
Retail entitlement offer - settlement date	Wednesday, 19 March 2014
Retail entitlement offer - allotment date	Thursday, 20 March 2014
Normal trading commences	Friday, 21 March 2014
Despatch of holding statements	Friday, 21 March 2014

Settlement issues

Despite the fact that securities are trading ‘ex entitlement’ on ASX Trade, CHESS will not recognise for settlement purposes the ‘ex entitlement’ or the ‘cum entitlement’ tag on CHESS messages and CHESS will not maintain cum balances during the deemed ‘CHESS ex-period’, ie the period commencing on the deemed CHESS ex-date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a ‘cum’ basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ex-basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to ‘cum entitlement’ settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a ‘cum’ market with respect to trading in the Company’s securities. Persons who acquire the Company’s securities after the commencement of the trading halt after market close on Tuesday, 18 February 2014 are not entitled to participate in the Entitlement Offer.

What do I need to do and by when?

For further details, please refer to the Company’s announcement on Wednesday, 19 February 2014.

Need more information?

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ASX Notice Notice

If further information is required in relation to the Entitlement Offer, please contact the Company Secretary on (08) 9322 7600.

Issued by Jenny Cutri J4B Contact Details (08) 9224 0003

Disclaimer

No responsibility is accepted for any inaccuracies contained in the matter published.

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