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STREAMPLAY STUDIO LIMITED Capital/Financing Update 2011

Jul 13, 2011

65841_rns_2011-07-13_4f6cfa22-2781-4cdc-9f23-c16b655b735e.pdf

Capital/Financing Update

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14 July 2011

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Pro-rata Renounceable Rights Issue

1. Timetable – Correction

Further to the pro-rata renounceable rights issue (" Rights Issue ") prospectus lodged by the Company with ASIC and ASX on 12 July 2011 (" Prospectus "), please be advised of the following correction to the indicative timetable for the Rights Issue.

The timetable on page 2 of the Prospectus, stated the "Trading on ASX in the New Shares to commence" as 20 August 2011 – this date is should be 22 August 2011. Please see the corrected indicative timetable set out below.

Summary of Important Dates*

Announcement of Rights Issue 12 July 2011
Prospectus lodged with ASIC and ASX; Appendix 3B lodged with ASX 12 July 2011
Notice sent to Shareholders containing information required by Appendix 3B 14 July 2011
"Ex" Date (date Shares quoted ex-rights) 15 July 2011
Rights Trading Commences 15 July 2011
Record Date to determine Entitlements (5.00pm AWST) 21 July 2011
Opening Date/Despatch of Prospectus (9.00am AWST) 27 July 2011
Rights Trading Ends 4 August 2011
New Shares quoted on a deferred settlement basis 5 August 2011
Closing Date for acceptances and receipt of applications under the Rights Issue 11 August 2011
(5.00pm AWST)
Notification to ASX of Shortfall Shares 16 August 2011
Allotment of New Shares and despatch of holding statements 19 August 2011
Trading on ASX in the New Shares to commence 22 August 2011

*These dates are indicative only. The directors reserve the right to vary the key dates, to cancel the rights issue offer, to close the rights issue offer early, or to accept late applications, either generally or in a particular case, without prior notice and subject to compliance with the Corporations Act, the ASX Listing Rules and any other applicable law or regulation.

2. Correction to table in section 1.1 (page 8)

The exercise price of the unlisted options with an expiry date of 31 May 2012 is $0.15 not $0.015. The correct exercise price is shown in sections 2.2 and 4.6 of the Prospectus.

Yours faithfully

Rowan Caren Company Secretary

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110714 r-ri timetable correction