SMART PARKING LIMITED — Capital/Financing Update 2016

Nov 29, 2016

Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

30 November 2016

By E-Lodgement

Placement and Pro-rata accelerated non-renounceable entitlement offer – Appendix 3B

Attached is an Appendix 3B in respect of the placement and pro-rata accelerated non-renounceable entitlement offer as announced on ASX on 23 November 2016.

Yours sincerely

Richard Ludbrook Company Secretary

The World's Smartest Parking Tools

Australia

854 Lorimer Street

Port Melbourne

Victoria 3207 Australia

New Zealand

583 Great South Road

PO Box 12584

Penrose

Auckland 1642

New Zealand

Tel: +64 7823 2090

www.smartparking.com

info@smartparking.com

ASX: SPZ

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Smart Parking Limited

ABN

45 119 327 169

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be issued

Ordinary shares (Shares)

2	Number of +securities issued ortobeissued(ifknown)ormaximum number which may beissued	Smart Parking Limited has issued 15,730,000Shares pursuant to the institutionalplacement (Placement) announced to ASXon Wednesday, 23 November 2016.With respect to the accelerated nonrenounceable entitlement offer announcedon ASX on Wednesday, 23 November 2016(Entitlement Offer), Smart ParkingLimited:1.has issued 24,003,669 Shares pursuantto the institutional component of theEntitlement Offer (InstitutionalOffer);2.proposes to issue 18.3 million Shares on20 December 2016 (anticipated)pursuant to the retail component of theEntitlement Offer (Retail Offer).
3	Principal terms of the +securities(e.g. if options, exercise price andexpirydate;ifpartlypaid+securities,theamountoutstanding and due dates for+convertiblepayment;ifsecurities, the conversion priceand dates for conversion)	The new Shares will be on the same terms asexisting Shares on issue.
4	Do the +securities rank equally inall respects from the +issue datewith an existing +classof quoted+securities?If the additional +securities donot rank equally, please state:the date from which they dothe extent to which theyparticipateforthenextdividend, (in the case of atrust, distribution) or interestpaymentthe extent to which they donot rank equally, other thaninrelationtothenextdividend,distributionorinterest payment	Yes, the new Shares will rank equally in allrespects with existing fully paid Shares fromthe issue date.
5	Issue price or consideration	A$0.20 per Share

+ See chapter 19 for defined terms.

• (If issued as consideration for the acquisition of assets, clearly identify those assets) Entitlement Offer will be used to fund the capital expenditure, sales, marketing, technology enhancements and working capital requirements of the Company. 6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i N/A 6b The date the security holder resolution under rule 7.1A was passed N/A 6c Number of +securities issued without security holder approval under rule 7.1 N/A 6d Number of +securities issued with security holder approval under rule 7.1A N/A 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) N/A 6f Number of +securities issued under an exception in rule 7.2 N/A 6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation. N/A

6 Purpose of the issue

The proceeds of the Placement and the

6h	If +securities were issued underrule7.1Afornon-cashconsideration,statedateonwhich valuation of considerationwas released to ASX MarketAnnouncements	N/A
6i	Calculate the entity's remainingissue capacity under rule 7.1 andrule 7.1A – complete Annexure 1andreleasetoASXMarketAnnouncements	N/A

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)

Wednesday, 30 November 2016 for Shares issued under the Placement and Institutional Offer.

Tuesday, 20 December 2016 (anticipated) for Shares issued under the Retail Offer.

Number	+Class
Aftercompletionofthe	Fully	paid
Placementandthe	ordinary
InstitutionalOffer,there	shares
will be 335,907,866Shares
onissue(basedonthe
number of Shares on issue as
at the date of this Appendix
3B and the number of Shares
tobeissuedunderthe
Placement and Institutional
Offer).
Aftercompletionofthe
Placementandthe
Entitlement Offer, there will
be354,214,797Shareson
issue (based on the number
of Shares on issue as at the
date of this Appendix 3B and
the number of Shares to be
issued under the Placement
andEntitlementOffer,
subjecttotheeffectsof
rounding).

Number +Class

+ See chapter 19 for defined terms.

9	+classNumberandofall+securities not quoted on ASX+securities(includingtheinsection 2 if applicable)	Nil	Nil
10	Dividend policy (in the case of atrust, distribution policy) on theincreased capital (interests)	Shares.	No change. Dividend policy same as for other

Part 2 - Pro rata issue

11	Issecurityholderapprovalrequired?	No.
12	Is the issue renounceable or nonrenounceable?	Non-renounceable.
13	Ratio in which the +securities willbe offered	1 new Share for every 7 Shares held as at theRecord Date.
14	+Class of +securities to which theoffer relates	Fully paid ordinary shares.
15	+Recorddatetodetermineentitlements	7pm (AEDT) on Friday, 25 November 2016.
16	Willholdingsondifferentregisters(orsubregisters)beaggregatedforcalculatingentitlements?	No.
17	Policy for deciding entitlementsin relation to fractions	Where fractions arise in the calculation ofentitlements, they will be rounded up to thenearest whole number of new Shares.
18	Names of countries in which theentity has security holders whowillnotbesentnewofferdocuments	All countries other than Australia and NewZealand.
	Note: Security holders must be told how theirentitlements are to be dealt with.
	Cross reference: rule 7.7.
19	Closingdateforreceiptofacceptances or renunciations	Thursday,24November2016forInstitutional Offer.Tuesday, 13 December 2016 (anticipated) forRetail Offer.

20	Names of any underwriters	The Entitlement Offer is fully underwrittenby Baillieu Holst Ltd.
21	Amount of any underwriting feeor commission	Anunderwriting,managementandarranging fee of 3% of the proceeds.
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to thebroker to the issue	N/A
24	Amountofanyhandlingfeepayable to brokers who lodgeacceptances or renunciations onbehalf of security holders	N/A
25	If the issue is contingent onsecurity holders' approval, thedate of the meeting	N/A
26	Date entitlement and acceptanceform and offer documents will besent to persons entitled	No Prospectus will be issued.A Retail Offer Booklet and Entitlement andAcceptance Form will be sent to eligibleretail shareholders on or around Tuesday,29 November 2016.
27	If the entity has issued options,and the terms entitle optionholders to participate on exercise,the date on which notices will besent to option holders	N/A
28	Date rights trading will begin (ifapplicable)	N/A
29	Date rights trading will end (ifapplicable)	N/A
30	How do security holders sell their	N/A
	entitlements in fullthrough abroker?
31	How do security holders sell partof their entitlements through abrokerandacceptforthebalance?	N/A

+ See chapter 19 for defined terms.

32 How do security holders dispose of their entitlements (except by sale through a broker)?

N/A

33 +Issue date Refer to item 7 above.

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of +securities (tick one)
• (a) +Securities described in Part 1
• (b) All other +securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or
documents

• 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
• 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000
  • 1,001 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

38 Number of +securities for which +quotation is sought N/A

39	+Class of +securities for whichquotation is sought	N/A
40	Do the +securities rank equally inall respects from the +issue datewith an existing +class of quoted+securities?	N/A
	If the additional +securities do notrank equally, please state:the date from which they dotheextenttowhichtheyparticipateforthenextdividend, (in the case of a trust,distribution)orinterestpaymentthe extent to which they do notrank equally, other than inrelation to the next dividend,distributionorinterestpayment
41	Reason for request for quotationnowExample: In the case of restricted securities, endof restriction period(if issued upon conversion ofanother +security, clearly identify	N/A
42	that other +security)+classNumberandofall	NumberN/A	+Class
	+securitiesquotedonASX(including the +securities in clause38)

+ See chapter 19 for defined terms.

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• 2 We warrant the following to ASX.
  • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those +securities should not be granted +quotation.
  • An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: .... ....... Date: ..30 November 2016..... (Director/Company secretary)

Print name: ...Richard Ludbrook......................................................

== == == == ==

+ See chapter 19 for defined terms.