SPRINTEX LIMITED — Capital/Financing Update 2015

Oct 11, 2015

SPRINTEX LIMITED ABN: 38 106 337 599

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12 October 2015

PARTIALLY UNDERWRITTEN NON-RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO APPROXIMATELY $1.57 MILLION

Sprintex Limited ( ASX Code: SIX ) ( Company ) is pleased to announce a proposed non-renounceable pro rata offer to Eligible Shareholders at an issue price of $0.001 per New Share on the basis of 1 New Shares for every 2 Existing Shares held, to raise up to approximately $1.57m before costs ( Rights Issue ).

The Company intends to apply the funds raised under the Rights Issue towards the expansion and further development of the Company’s core product, Sprintex superchargers, and for general working capital purposes.

Wilson Pipe Fabrication Pty Ltd, an entity controlled by Mr. Michael Wilson, a Non-Executive Director of the Company, has indicated its preparedness to partially underwrite up to 413 million New Shares.

In addition, each of (a) China Automotive Holdings Limited, an entity controlled by Mr. Richard John Siemens, the Non-Executive Chairman of the Company, (b) Mr. David White, the Deputy Chairman and the acting CEO of the Company, (c) Mr. Richard O’Brien, an independent non-executive Director, and (d) Mr. Tyrone Jones and Mr. Robert Molkenthin, both senior managers of the Company have indicated their intention to fully exercise their rights and to subscribe for a further 972 million New Shares.

The Rights Issue will therefore raise a minimum of approximately $1.38 million, before costs.

Shareholders who have a registered address in Australia or New Zealand will be eligible to participate in the Rights Issue.

Further information (including the offer document) concerning the Rights Issue will be provided to shareholders in the near future.

For further information please contact the Company Secretary on +61 8 9262 7277.

ROBERT MOLKENTHIN COMPANY SECRETARY

Important Information

Nothing contained in this announcement constitutes investment, legal, tax or other advice. You should make your own assessment and take independent professional advice in relation to the information and any action taken on the basis of the information.