SPRINTEX LIMITED — Capital/Financing Update 2012

Jul 23, 2012

SPRINTEX LIMITED ABN: 38 106 337 599

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ASX ANNOUNCEMENT

24 July 2012

Sprintex Limited (ASX Code: SIX) ( Company ) is pleased to announce the Prospectus and Supplementary Prospectus, together with a personalised Entitlement and Acceptance Form, detailing the recently announced Entitlement Issue has today been dispatched to Shareholders eligible to participate. The timetable for the Entitlement Issue is detailed below.

Timetable

The dates are indicative only and the Company reserves the right to vary the dates (subject to the Corporations Act and the ASX Listing Rules).

Activity	Date
Opening Date of the Entitlement Issue	24 July 2012
Offer Letter and Entitlement and Acceptance Forms sent
to Shareholders
Announcement that despatch has been completed
Applications close – Closing Date	8 August 2012
Final time for receipt of Entitlement and Acceptance
Forms and payment in full for New Shares
Notification to the ASX of shortfall in acceptances	13 August 2012
(Shortfall Notification Date)
Allotment Date – Allotment of New Shares and New	14 August 2012
Options under the Entitlement Issue
Despatch of holding statements and deferred settlement	14 August 2012
trading ends
Trading of New Shares and New Options expected to	15 August 2012
commence

A copy of the latest Shareholder Newsletter dispatched with the Prospectus accompanies this announcement.

For further information please contact the Company Secretary on +61 8 6141 3500.

JAY STEPHENSON COMPANY SECRETARY

183 MULGUL ROAD MALAGA WESTERN AUSTRALIA 6090 PO BOX 3348 MALAGA DC WESTERN AUSTRALIA 6945 Phone: +61 8 9262 7277 Fax: +61 8 9262 7288 Email: info@sprintex.com.au URL: www.sprintex.com.au

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Shareholder Newsletter

24 July 2012

Dear Shareholder,

In our last Newsletter we outlined
that restructuring of operations
was in process to enable the
Company to produce low cost,
high quality superchargers, from a
new 'state of the art'
manufacturing facility in
Malaysia.

We are pleased to report that the
1,800 sq/m factory in the
'Glenmarie' area of Shah Alam in
Selangor State, Malaysia is
currently being commissioned,
staff are being recruited and
procurement channels are being
established. Assembly of the
Sprintex Supercharger is expected
to be fully operational by the end
of July with manufacturing
capability the following month.

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Machines being commissioned

This facility will be our core
production centre, with an initial
capacity of 20,000 superchargers
per annum and showcase our
production capability to both
original equipment manufacturers
(‘OEMs’) and aftermarket
customers.

The sale of our premises in Perth
in late May 2012 is a significant
component of the redeployment

of the Company's capital to our
Malaysian facility.

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Quality Assurance Testing in Malaysia

The Malaysia facility is owned
jointly with our JV partner,
AutoV Corporation, parent of
Proreka (M) Sdn. Bhd. (Proreka),
a Tier 1 automotive component
manufacturer and supplier to car
companies including Proton and
Toyota. Proreka initially ordered
500 supercharger systems for the
Proton Satria Neo and we
subsequently have sold the Proton
supercharger system and
inventory to the JV to be a core
product of the JV.

We have installed a supercharger
system on our company car in
Malaysia, a Proton Exora, to
demonstrate the system and are
preparing to sell after market
supercharger systems for Protons.

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Supercharged Proton Exora

We also have been working with
Proton to progress through their

rigorous supplier acceptance
program with a goal to being able
to supply superchargers directly
to Proton.

In parallel with expanding our
production capabilities, we have
been commercialising our after
market systems with a particular
focus on supercharger systems for
Jeeps targeting sales in North
America.

Low cost manufacturing in
Malaysia will support our push
into the after market supply of
superchargers in the burgeoning
North American market. To
complement production in
Malaysia, an outsourced assembly
facility has been contracted in
Oklahoma City for logistical
reasons to support supercharger
systems for the Jeep TJ and JK
Wranglers, which we soft
launched in late May 2012.

In preparation for Jeep TJ and JK
Wrangler launch, we attended one
of the world’s premier Jeep
events, Moab Easter Jeep Safari.

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Attendance at 2012 Moab Easter Jeep Safari

We have also launched our Jeep
supercharger systems in China,
with a prospective distributor,

183 Mulgul Road, Malaga WA 6090
PO Box 3348, Malaga DC WA 6945

Phone:  +61 8 9262 7277
Fax:  +61 8 9262 7288

Sprintex Limited
ABN: 38 106 337 599
www.sprintex.com.au

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Shareholder Newsletter

24 July 2012

Yunliang, who are currently
evaluating our Jeep systems.

Our Jeep supercharger systems
are currently being sold in limited
volumes in Australia and the US
while we finalise vehicle tuning
and calibration, ramp up our
procurement channels and build
and train our reseller and dealer
support network.

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Jeep JK Wrangler Supercharger System

The Jeep JK Wrangler
supercharger system and Mini
Cooper S Upgrade supercharger
system were recognised by the
automotive industry, each
receiving Specialty Equipment
Market Association (SEMA)
Global Media Awards for being
top ten products for 2011. SEMA
is the world’s premier and largest
automotive aftermarket gathering
held annually in Las Vegas.

Our Mini Cooper S Upgrade
System is now California Air
Review Board (‘CARB’)
compliant, which is a key hurdle
to be able to sell systems in the
US market.

These systems, together with our
1.5 litre Honda Jazz/Fit/Freed
supercharger system, are an

opportunity for us to introduce
Sprintex products to the motor
sports divisions of OEMs, with a
goal of encouraging the OEM to
work with Sprintex to initially
develop OEM motor sport
division limited release vehicles
and to ultimately reach the main
stream power train divisions of
OEMs.

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Supercharged Jeep JK Wrangler

After market sales are expected to
be the immediate revenue earner
for the Company’s products,
however, the Company continues
to pursue opportunities directly
with OEMs and in 2011 we made
a key strategic decision to appoint
Kenmar Corporation, a specialty
automotive sector business
development company based in
Detroit, as our North American
OEM sales agent.

Demand for turbo/supercharged
engines in the United States is
expected to increase rapidly in
order to meet government
demands for better fuel efficiency
and fewer carbon-dioxide
emissions without sacrificing
consumer’s desire for power.

OEMs continue to announce
increases to their line-up of
turbo/supercharged engines,
positioning us in a grow sector of
the automotive industry.

Recently, we announced a nonrenounceable entitlement issue to raise up to $2.2m. ���������������� ����������������������������������� ������������������������������������ ����������������������������������� ������������������������������� ����������������������������������� ����������������������������������� ������������������������������������

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On behalf of the Board, I
encourage you to take up your
rights in this entitlement issue.
The combination of a new 'state
of the art' manufacturing facility
in Malaysia and an anticipated
upturn in sales from our award
winning products is expected to
position your Company to grow in
the coming months and years. I
would like to thank all
shareholders for their continued
support.

Yours sincerely,

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Steven Apedaile
Managing Director

183 Mulgul Road, Malaga WA 6090
PO Box 3348, Malaga DC WA 6945

Phone:  +61 8 9262 7277
Fax:  +61 8 9262 7288

Sprintex Limited
ABN: 38 106 337 599
www.sprintex.com.au