SPRINTEX LIMITED — Capital/Financing Update 2012

Jul 19, 2012

SUPPLEMENTARY PROSPECTUS

Sprintex Limited ABN 38 106 337 599

Important Notice

This Supplementary Prospectus has been issued by Sprintex Limited ("Sprintex" or the "Company"), is dated 20 July 2012 and was lodged with the Australian Securities and Investment Commission ("ASIC") on that date. This Supplementary Prospectus supplements the Prospectus dated 10 July 2012 ("Prospectus") issued by Sprintex and lodged with ASIC on that date.

This Supplementary Prospectus is supplementary to, and must be read in conjunction with, the Prospectus. ASIC and ASX Limited ("ASX") take no responsibility for the contents of this Supplementary Prospectus and the Prospectus.

Terms and abbreviations defined in the Prospectus have the same meaning in this Supplementary Prospectus. If there is a conflict between the Prospectus and this Supplementary Prospectus, this Supplementary Prospectus will prevail.

The Prospectus and this Supplementary Prospectus should be read in their entirety before deciding to invest in the securities offered by the Prospectus. The Directors consider an investment in the securities offered by the Prospectus to be speculative and recommend that you should consult your legal, financial or other professional adviser if you do not fully understand the contents.

Other than the changes set out below, all other details in relation to the Prospectus remain unchanged.

This Supplementary Prospectus will be issued with the Prospectus and an electronic version of these documents may be downloaded from the website of the Company at www.sprintex.com.au.

Amendment of the Prospectus

The following sections of the Prospectus are hereby amended as follows:

Section 3.1 Purpose of the Offer

The paragraph under section 3.1 is hereby deleted in its entirety and replaced with the following paragraph.

The purpose of the Offer is to raise up to $2,277,326 before Offer costs.

The proceeds from the Offer are planned to be used for the following purposes:

Proceeds of the Offer
Inventory build	$1,037,326
General working capital 1	$1,200,000
Expenses of the Offer 2	$40,000
ESTIMATED TOTAL	$2,277,326

The table assumes that Entitlements are taken up in full

Note 1: Working capital includes the payment of the Company's corporate and administrative expenses.

Note 2: The costs of the Offer comprise legal costs, printing, marketing and other administrative expenses (including ASIC, ASX and share registry fees).

The information set out in the table above is a statement of present intention as at the date of this Prospectus.

The Directors of the Company hold approximately 53% of the Existing Shares in the Company. The Directors have confirmed their intention to take up their full Entitlement under the Offer, which will result in approximately $1,200,000 being raised prior to:

• any subscription by the remaining Shareholders (including the right of Shareholders to subscribe for Securities in addition to their Entitlement under section 2.8 of the Prospectus); or
• the Shortfall under the Offer being dealt with by the Directors in accordance with section 2.6 of this Prospectus.

In the event that the amount raised from the Offer is less than the full subscription amount, the Company will scale back its intended use of funds from inventory build.

Section 6.2(c) Capital Requirement Risks

The paragraph under section 6.2(c) is hereby deleted in its entirety and replaced with the following paragraph.

Depending on the Company's ability to generate income from its operations, the Company may require further financing to fund its operations through equity capital. Any additional equity financing will dilute shareholdings, and debt financing, if available, may involve restrictions on financing and operating activities. If the Company is unable to obtain additional financing as needed, it may be required to reduce the scope of its operations and scale back its expansion and development programmes as the case may be.

Section 6.6 Security Investments

The paragraph under section 6.6 is hereby deleted in its entirety and replaced with the following paragraph.

Applicants should be aware that there are risks associated with any securities investment. Securities listed on the stock market experience price and volume fluctuations that are often unrelated to the operating performances of the company. These factors may materially affect the market price of the securities regardless of the company's performance.

Consents

This Supplementary Prospectus is authorised by the Company and is lodged with the ASIC pursuant to section 719 of the Corporations Act.

All Directors have consented in writing to this lodgement under the terms of Section 720 of the Corporations Act.

Dated 20 July 2012.

Steven Apedaile Managing Director Sprintex Limited