SPENDA LIMITED — Capital/Financing Update 2012

Jan 24, 2012

Australia Office P: +61 3 9804 7797 [Type a quote from the document or the summary of an interesting point. You can position the text Level 5, 15-­‐19 Claremont St F: + 61 3 9827 7288 box anywhere in the document. Use the Drawing Tools tab to change the formatting of the pull South Yarra VIC 3141 : 099 084 143 quote text box.]

25

January 2012

ASX

Announcement

**Market

Update**

Motopia Limited (Company) provides the following update to its shareholders and the market in respect to the potential acquisition of new assets.

As announced on 29 November 2011 the Board of Motopia has been presented with a number of opportunities for the acquisition of various assets. The Board is currently considering these opportunities, in particular an international agreement for the supply of rock phosphate. The Company today signed an agreement with an independent consultant to assist with the negotiation of the agreement. The Company will be conducting due diligence over the coming weeks and will keep the market informed of developments.

The acquisition of new assets by Motopia may be subject to the Company gaining shareholder approval to change the nature and/or scale of the Company's activities and the Company may also be required to meet the requirements of Chapters 1 & 2 of the ASX Listing Rules.

ENDS

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