STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2016

Aug 15, 2016

ABN 31 004 766 376

LESS THAN MARKETABLE PARCEL SHARE SALE FACILITY

Release Date: 16 August 2016

The Board of Arrowhead Resources Limited (Arrowhead or Company) (ASX: AR1) are pleased to announce details of a share sale facility (Facility) for holders of less than a marketable parcel of the Company's shares (defined in the ASX Listing Rules as a parcel of securities with a market value of not less than $500) (Less Than Marketable Parcel).

A Less Than Marketable Parcel of Arrowhead shares will be any registered holding of 27,778 shares or less on the Record Date. The Record Date for the purposes of establishing holders of Less Than Marketable Parcels has been set at 7:00pm (AEST) on 15 August 2016.

The Company currently has 1,050 shareholders of which approximately 856 hold a Less Than Marketable Parcel. Those holdings represent 1% of the Company's total issued shares. Shareholders who own 27,778 shares or more will not be eligible to participate.

The Company is providing the Facility to holders of Less Than Marketable Parcels to sell their shares without incurring any costs that could otherwise make a sale of their shares uneconomic. In addition, the Company expects to reduce the administrative costs associated with maintaining a large number of small shareholdings.

The Company is offering this Facility to assist holders of Less Than Marketable Parcels to sell shares without having to use a broker or pay brokerage. The Company will pay for all the costs of the sale for shareholders who use this Facility, excluding tax consequences from the sale which remains the shareholder's responsibility.

The price that those shareholders receive for their shares under the Facility will be determined by when and how the shares are sold. The shares will be sold as soon as practicable after 5.00pm (AEST) on 29 September 2016. Arrowhead may sell the shares on market or in any other way it considers fair and reasonable in the circumstances. If the shares are sold on market the Company will use its best endeavours to obtain the highest available price for the shares, but given the sale of the shares is subject to market conditions, no guarantee as to the price can be given by the Company and the price will depend on a number of factors. If Arrowhead sells the shares other than on market, the price will be the price that Arrowhead has been able to negotiate with the acquirer or acquirers. In any event, the sale price will not be less than that price equal to the simple average of the last sale prices of the shares quoted on ASX for each of the ten trading days immediately preceding the date of any offer received by the Company.

A summary of the key dates in relation to the Facility is as follows:

Event	Date
Record Date	15 August 2016 at 7.00pm (AEST)
Facility announced to ASX	16 August 2016
LetterssenttoshareholdersholdingLessThanMarketable Parcels	Commencing 19 August 2016
Closing Date for receipt of Share Sale Facility Forms	29 September 2016 at 7:00pm (AEST)
Less than Marketable Parcels Payment date	Expected to be on or about 14 October 2016

Attached is a copy of the Notice of Intention to Sell, which will be sent to all shareholders holding Less Than Marketable Parcel of shares on the Record Date.

For further information, please contact the Company on +61 8 6102 2609.

Yours faithfully

Rowan Caren Company Secretary

ABN 31 004 766 376

Dear Shareholder

IMPORTANT NOTICE – INTENTION TO SELL SHARES OF LESS THAN MARKETABLE PARCEL

The Board of Directors of Arrowhead Resources Limited (Arrowhead or Company) are pleased to announce the Company will commence the process for the sale of ordinary shares (shares) for holders who hold less than a marketable parcel (defined in the ASX Listing Rules as a parcel of securities with a market value of not less than $500) ("Less Than Marketable Parcel") ("Facility").

This offer applies to shareholders who at 7:00pm (AEST) on 15 August 2016 ("Record Date") were holders of shares in Arrowhead with a market value of less than $500 based on the issue price of Arrowhead shares trading on ASX of $0.018 per share on the Record Date (27,778 shares). Our records show that you are the holder of a Less Than Marketable Parcel as at the Record Date and accordingly your shareholding is eligible to participate in this share sale facility.

Arrowhead is offering this Facility as it provides the following benefits:

• Holders of a Less Than Marketable Parcel have the opportunity to sell their shares without incurring any brokerage or handling costs which, in proportion to the value of their holding, may otherwise render a sale unattractive or uneconomical; and
• The Company's expenses and administration involved in maintaining shareholdings of less than a marketable parcel is reduced.

As at the Record Date, the Company has approximately 1,050 shareholders of which approximately 856 hold a Less Than Marketable Parcel of shares that in aggregate represent approximately 1% of all issued shares.

You may choose to retain your holding, otherwise the Company will sell all of your existing holding as explained below.

1. Sell all of your Less Than Marketable Parcel

If you wish to sell your shares without incurring brokerage or handling costs, you do not need to take any action other than completing the enclosed Share Sale Facility Form. Arrowhead is authorised under Clause 3.4 of its Constitution to sell your shares following the Closing Date. Your shares will be pooled with other shares under this Facility and sold as soon as practicable after the Closing Date.

Arrowhead intends to appoint an execution-only broker on behalf of shareholders to effect any sales under this Facility.

The price that you receive for your shares under the Facility will be determined by when and how the shares are sold. The shares will be sold as soon as practicable after the Closing Date. Arrowhead may sell your shares on market or in any other way it considers fair and reasonable in the circumstances. If the shares are sold on market the Company will use its best endeavours to obtain the highest available price for the shares, but given the sale of the shares is subject to market conditions, no guarantee as to the price can be given by the Company and the price will depend on a number of factors. You will not have control over the time at which your shares are sold. The price you receive may be different from the price appearing in the newspaper or quoted by ASX on any day, may not be the best price on the days that your shares are sold and may be an average price per share based on the price obtained for all the shares sold under the Facility. If Arrowhead sells your shares other than on market, the price will be the price that Arrowhead has been able to negotiate with the acquirer or acquirers. In any event, the sale price will not be less than that price equal to the simple average of the last sale prices of the shares quoted on ASX for each of the ten trading days immediately preceding the date of any offer received by the Company.

Australian residents will only be paid their sale proceeds in Australian dollars by direct credit to an account held with an Australian financial institution. You must complete and return the enclosed Share Sale Facility Form, including your direct credit of payments instruction in section C.

Non-resident holders who do not have an account with an Australian financial institution will be paid in Australian dollars by cheque.

There is an option on the Share Sale Facility Form to choose to donate the proceeds of the sale of your Arrowhead shares to Tourettes Syndrome Association of Australia (TSAA). TSAA is a voluntary and non-profit organisation consisting of people with Tourettes Syndrome, their families, health and education professionals and other interested and concerned people. Amounts less than $100 which remain unclaimed at 29 September 2017 will be donated to TSAA.

All costs associated with the sale of your shares will be borne by the Company. No brokerage will be payable by you.

If your shares are held in a CHESS holding, Arrowhead may, after the Closing Date, initiate a holding adjustment to move your shares to the issuer sponsored sub-register for the purpose of this Facility.

Any tax consequences arising from the sale of your shares will be your responsibility.

2. Retain your existing holding

If you wish to retain your existing holding then you must either:

• correctly complete, sign and return the enclosed Share Sale Facility Form so that it is received by 5.00pm (AEST) on 29 September 2016, being the Closing Date of this Facility. Please read the instructions on your personalised Share Sale Facility Form carefully before completing it; or
• arrange to have multiple holdings consolidated into the one holding which has 27,778 or more shares on the Closing Date; or
• make your own arrangements outside this Facility to purchase additional shares so that you are the registered holder of 27,778 or more shares on the Closing Date. For a purchase to be an effective notification that you wish to retain your shares, any additional shares purchased must be registered by 5:00pm (AEST) on the Closing Date under the same name and address and with the same holder number (SRN or HIN) as set out in this letter.

If you successfully take one of these steps, Arrowhead will not be entitled to sell your shares under this Facility.

Important information

Arrowhead reserves the right to vary, delay or terminate this sale facility by notice to the ASX.

Arrowhead is not bound to sell any or all of the shares that may be available for it to sell under this facility, and there is no guarantee that Arrowhead will be able to sell your shares. In addition, the sale proceeds may differ from the market value of your shares on the Record Date, depending on movements in the market price of the shares and on the Company appointed brokers' ability to procure purchasers.

The Company will determine whether a shareholder has a Less Than Marketable Parcel as at the Record Date. The Company will not have any reference to any increase in the price of shares after the Record Date in determining whose shares may be sold or bought back pursuant to this facility.

Please also note that the Company will not sell your shares in the event that a third party announces a takeover offer for the Company. Consistent with its continuous disclosure obligations, the Company may release to the ASX information that may be material to a shareholder's decision as to whether they wish to retain their shares. This information will, if released, be available on the ASX website www.asx.com.au (ASX code "AR1") and on the Company's website http://www.arrowheadresources.com.au.

If you have a Less Than Marketable Parcel as at the Record Date, then unless you take one of the steps outlined in section 2 of this letter, Arrowhead will be entitled to sell your shares under this Facility.

Neither Arrowhead nor any other person involved in the Facility shall be liable for failure to sell the shares or at a particular price. The price of Arrowhead shares is subject to change and an up-to-date price can be obtained from the ASX website set out above.

The Company reserves the right to change any of the dates referred to in this letter by notice to the ASX.

Arrowhead does not make any recommendation or provide any advice to you regarding whether to buy, sell or hold your shares nor that this Facility is the best way to sell your Arrowhead shares.

If you require advice as to whether to sell your shares, please consult your legal, financial or taxation adviser.

For further information about lodging your form or the practical operation of the Facility, please contact the Company's share registry, Automic Registry Services on 1300 288 664 between the hours of 9.00am and 4.00pm (AEST) Monday to Friday.

Yours faithfully Arrowhead Resources Limited

Mr Rowan Caren Company Secretary

All Registry Communicationsto: Automic Registry Services PO Box 223, West Perth, Western Australia 6872 P +61 (0)8 9324 2099 |F +61 (0)8 9321 2337 E info@automic.com.au

<registered 1="" address="" line="">	SUBREGISTER
<registered 2="" address="" line="">
<registered 3="" address="" line="">	SHARES HELD
<registered 4="" address="" line="">
<registered 5="" address="" line="">	SRN/HIN
<registered 6="" address="" line="">

SHARE SALE FACILITY FORM

IMPORTANT NOTE: THIS FORM MUST BE RECEIVED BY NO LATER THAN 5.00pm AEST on 29 September 2016

IMPORTANT: This is an important document and requires your immediate attention. This document should be read in conjunction with the enclosed shareholder letter. If you are in any doubt as to how to deal with this form, you should consult your professional advisor.

A	PLEASE TICK THE BOX TO INDICATE YOU WISH TO RETAIN YOUR SHARES
B			PLEASE TICK THE BOX TO REQUEST FOR PROCEEDS TO BE DONATED TO TOURETTES SYNDROME ASSOCIATION OF AUSTRALIA
C	REQUEST FOR DIRECT CREDITING OF PAYMENTS
	Note: Do not complete this section if you wish to retain your shares or donate your proceeds to Tourettes Syndrome Association of Australia.By completing your details below you are agreeing to the sale of your shares even if you tick one or both of the above boxes in section A or B
	Please credit all cash payments from the above holding directly to our account at the following Australian financial institution.
	BSB NumberAccount Number
	Name in which account is held (eg: John Smith)
	Name of Australian bank or financial institution
Name of branch or suburb or town		Type of account (eg: cheque, savings)
	DO NOT USE YOUR CARD NUMBER	If you are unsure of your account or BSB number, please check with your bank, building society or credit union.
		SIGN HERE - THIS SECTION MUST BE SIGNED FOR YOUR INSTRUCTIONS TO BE EXECUTED
D			I/We authorise you to act in accordance with my/our instructions set out above. I/We acknowledge that these instructions supersede and have
		priority over all previous instructions relating to payments to which I/we am/are entitled to be paid in cash.
	Individual or Securityholder 1	Securityholder 2	Securityholder 3
	Sole Director or	Director	Director/Company Secretary
	Sole Director & Sole Company Secretary
E	CONTACT DETAILS		Please use details where we can contact you between the hours of 9:00am and 5:00pm should we need to speak to you about your form.
	Telephone Number	Contact Name

INSTRUCTIONS FOR COMPLETION OF THIS FORM

REGISTRATION DETAILS – NAME AN ADDRESS

SRN/HIN - this is your holder number for the purposes of identifying you on the Company register (see below for consolidation of holdings).

SUBREGISTER – if your holding is on the CHESS subregister and you require any amendments to your registration details, then you must notify your sponsoring broker. ISSUER SPONSORED holders should contact our share registry Automic Registry Services whose details are on the front of this form.

SHARES HELD – this is the number of shares you held at 7.00PM AEST on 15 August 2016.

CONSOLIDATION OF HOLDINGS

If you have more than one holding on the Arrowhead Resources Ltd register, you should consider consolidating them. You can download a "Consolidation of Holdings" form by visiting our share registry's website – www.automic.com.au – and clicking on the "FORMS" tab.

Note: If any of your holdings you wish to consolidate is held on the CHESS subregister, you must contact your sponsoring broker.

A RETENTION OF SHARES

If you wish to retain your shares, please place a tick in the box provided. Should you validly sign the form but fail to place a tick in the box, it will be at the Company's discretion as to whether or not it is your intention to retain your shares.

B DONATING YOUR SALE PROCEEDS TO CHARITY

If you wish to donate your share sale proceeds to the charity chosen by the company, please place a tick in the box provided.

C REQUEST FOR DIRECT CREDITING OF PAYMENTS

Do not complete this section if you wish to retain your shares. If you provide your direct credit instruction details in this section you are agreeing to the sale of your shares even if you have placed a tick in Box A.

D SIGNING REQUIREMENTS

Individual:	Where the holding is in one name, the Shareholder must sign.
Joint holding:	Where the holding is in more than one name, all of the Shareholders must sign.
Power of Attorney:	If any signatory signs under Power of Attorney, please attach an originally certified photocopy of the Power ofAttorney to this Form when you return it.
Companies:	To be signed in accordance with your Constitution. Please sign in the box which indicates the office held by you.

E CONTACT DETAILS

Please enter a contact number we may reach you on between the hours of 9:00am and 5:00pm. We may use this number to contact you regarding completion of this Form.

HOW TO LODGE YOUR SHARE SALE FACILITY FORM

To assist you in lodging your Form a reply paid envelope has been enclosed for your use. No postage stamp is required if it is posted within Australia. Alternatively, if you have lost the reply paid envelope your completed Form can be mailed or delivered to either of the below addresses. The postal rule does not apply so please ensure your Form is received by the registry no later than 5.00pm AEST on 29 September 2016.

Mailing Address Hand Delivery

Arrowhead Resources Ltd C/- Automic Registry Services PO Box 2226 STRAWBERRY HILLS NSW 2012

(Please do not use this address for mailing purposes) Arrowhead Resources Ltd C/- Automic Registry Services Suite 310, 50 Holt Street SURRY HILLS NSW 2010

YOUR SHARE SALE FACILITY FORM MUST BE RECEIVED BY NO LATER THAN 5.00pm AEST on 29 September 2016