SPRINTEX LIMITED — Capital/Financing Update 2012

Jul 9, 2012

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Sprintex Limited

ABN

38 106 337 599

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 beissued	a)Sharesb)Options
2	Number of +securities issued or tobe issued (if known) or maximumnumber which may be issued	a)up to 113,866,304Shares; andb)up to 341,598,912Options
		pursuant to the Rights Issue(as describedin the prospectus lodged with ASX on 10July 2012(Prospectus)).
3	Principal terms of the +securities (eg,if options, exercise price and expirydate; if partly paid +securities, theamount outstanding and due dates+convertibleforpayment;ifsecurities, the conversion price anddates for conversion)	a)Fully Paid Ordinary Sharesb)Options exercisable at 2 cents on orbefore30June2013described insection 5.2 of the Prospectus

4	Do the +securities rank equally in allrespects from the date of allotmentwith an existing +class of quoted+securities?If the additional securities do notrank equally, please state:the date from which they dotheextenttowhichtheyparticipate for the next dividend,(inthecaseofatrust,distribution) or interest paymentthe extent to which they do notrankequally,otherthaninrelation to the next dividend,distribution or interest payment	a)b)	YesNo –the underlying shares issued uponthe exercise of the Options will rankequally in all respectswith the existingfully paid ordinary shares from the dateof allotment.
5	Issue price or consideration	a)b)	$0.02 per ShareNilconsideration, exercisable at $0.02on or before 30 June 2013
6	Purpose of the issue(If issued as consideration for theacquisition of assets, clearly identifythose assets)	a)	andb)issueofsharesandfreeattaching options pursuant to the RightsIssue.The purpose of the Rights Issue is toraise funds for working capital and thecosts of the Rights Issue.
7	Dates of entering +securities intouncertificated holdings or despatchof certificates	a) and b) 14	August 2012

+ See chapter 19 for defined terms.

		Number	+Class
8	+classNumberandofall+securitiesquotedonASX(including the securities in clause 2if applicable)	797,064,126(assuming the RightsIssueisfullysubscribed)	FullyPaidOrdinaryShares
		341,598,912(assuming the RightsIssueisfullysubscribed)	Optionsexpiring30June2013atanexercise price of $0.02per option.

9 Number and +class of all + securities not quoted on ASX (including the securities in clause 2 if applicable)

Number	+Class
15,000,000	3,750,000 each of ClassA,B,C,andDPerformance Rights

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

N/A

Part 2 - Bonus issue or 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 6 existing shares heldat the Record Date together with 3 freeattaching options for every 1 new sharesubscribed for.
14	+Class of +securities to which theoffer relates	a)Ordinary fully paid shares; andb)Options to acquire fully paid ordinaryshares exercisable at $0.02 on orbefore 30 June 2013
15	+Recorddatetodetermineentitlements	5.00pm (WST) on 19July 2012

16	Will holdings on different registers(or subregisters) be aggregated forcalculating entitlements?	No
17	Policy for deciding entitlements inrelation to fractions	Round upto the nearest whole number
18	Names of countries in which theentity has +security holders who willnot be sent new issue documentsNote: Security holders must be told how theirentitlements are to be dealt with.	None
	Cross reference: rule 7.7.
19	Closingdateforreceiptofacceptances or renunciations	8 August2012
20	Names of any underwriters	N/A
21	Amount of any underwriting fee orcommission	N/A
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to thebroker to the issue	N/A
24	Amount of any handling fee payableto brokers who lodge acceptancesorrenunciationsonbehalfof+security holders	N/A
25	Iftheissueiscontingenton+security holders' approval, the dateof the meeting	No
26	Date entitlement and acceptanceform and prospectus or ProductDisclosure Statement will be sent topersons entitled	24July 2012
27	If the entity has issued options, andthe terms entitle option holders toparticipate on exercise, the date onwhich notices will be sent to optionholders	N/A
28	Date rights trading will begin (ifapplicable)	N/A
29	Date rights trading will end (ifapplicable)	N/A

+ See chapter 19 for defined terms.

• 30 How do + security holders sell their entitlements in full through a broker?
• 31 How do + security holders sell part of their entitlements through a broker and accept for the balance?
• 32 How do + security holders dispose of their entitlements (except by sale through a broker)?

33 +Despatch date 14 August 2012

N/A

N/A

N/A

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) x 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 theadditional +securities, and the number and percentage of additional +securities held bythose holders
36	If the +securities are +equity securities, a distribution schedule of the additional+securities setting out the number of holders in the categories1 - 1,0001,001 - 5,0005,001 - 10,000

10,001 - 100,000 100,001 and over

7 A copy of any trust deed for the additional +

Entities that have ticked box 34(b)

• 38 Number of securities for which +quotation is sought
• 39 Class of + securities for which quotation is sought

securities

+ See chapter 19 for defined terms.

40 Do the + securities rank equally in all respects from the date of allotment with an existing +class of quoted + securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

42 Number and +class of all + securities quoted on ASX (including the securities in clause 38)

Number	+Class

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.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided 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 not available now, 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.

JAY STEPHENSON COMPANY SECRETARY Date: 10 July 2012

+ See chapter 19 for defined terms.