STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2015

Oct 28, 2015

ARROWHEAD RESOURCES LIMITED ABN: 31 004 766 376 SUITE 3, 11 SHEPPARD WAY MARMION WESTERN AUSTRALIA 6020

UNDERWRITTEN RENOUNCEABLE RIGHTS ISSUE TO RAISE $1.43 MILLION

Release Date: 29 October 2015

Key Points

• Renounceable Rights issue to raise $1.43 million.

• The Offer price is 1 cent per new share.

• The Offer is fully underwritten by CPS Capital Group.

• On Completion of the Offer the Company will be debt free, other than trade creditors.

• Funds raised will be applied to fund the search for a new project.

Arrowhead Resources Limited (Arrowhead or the Company), advises that it will be undertaking a fully underwritten renounceable pro-rata entitlement issue (the Offer) to raise $1.43 million. Eligible shareholders will be able to subscribe for 7 new shares in Arrowhead for every existing share they hold at the Record Date, at an issue price of $0.01 per share.

This Offer is the final step in the debt restructure and recapitalisation process, the first phase of which was overwhelmingly supported by shareholders at the General Meeting on 20 September, 2015. On completion, the Company will be substantially debt-free with a $3.7 million reduction of the Company’s liabilities and with sufficient working capital to implement the rebuilding strategy as set out in the Company’s announcement dated 17 August, 2015. Funds raised will be applied to fund the search for a new project.

The timetable for the rights issue is attached in Table 1 below.

Mr Mike Rosenstreich, Chairman of Arrowhead remarked that “the Company is fortunate to have secured the support of CPS Capital Group, a boutique broker with specialist expertise in the junior to midcap company sector, which has agreed to fully underwrite the $1.43 million raising. Arrowhead is now looking to the future. The Board considers that it is now a very prospective time to be searching out new opportunities to enhance shareholder value.”

A Prospectus and Appendix 3B will follow.

Mike Rosenstreich (Chairman/Managing Director) www.gippslandltd.com T: +61 8 6102 2609 E: info@gippslandltd.com

1 ASX Entitlement Issue 29 October 2015

ARROWHEAD RESOURCES LIMITED

Table 1: Rights Issue Timetable

Event	Date
Lodgement of Prospectus with the ASIC	28 October 2015
Lodgement of Prospectus & Appendix 3B with ASX	28 October 2015
Notice sent to Shareholders	30 October 2015
Ex date	2 November 2015
Rights start trading	2 November 2015
Record Date for determining Entitlements	5 November 2015
Prospectus sent out to Shareholders & Company announces this has been completed	10 November 2015
Rights stop trading	12 November 2015
Shares quoted on a deferred settlement basis	13 November 2015
Last day to extend the Offer*	16 November 2015
Closing Date	5:00pm (WST) 19 November 2015
ASX notified of under subscriptions	24 November 2015
Issue date/Shares entered into Shareholders’ security holdings	26 November 2015
Quotation of Shares issued under the Offer*	27 November 2015

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