STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2017

Sep 14, 2017

ARROWHEAD RESOURCES LIMITED (TO BE RENAMED ‘EMERGE GAMING LIMITED’) ACN 004 766 376

SUPPLEMENTARY PROSPECTUS

IMPORTANT INFORMATION

This is a supplementary prospectus ( Supplementary Prospectus ) intended to be read with the prospectus dated 14 September 2017 ( Prospectus ), issued by Arrowhead Resources Limited (to be renamed ‘Emerge Gaming Limited’) (ACN 004 766 376) ( Company ).

This Supplementary Prospectus is dated 14 September 2017 and was lodged with ASIC on that date. The ASIC, the ASX and their respective officers take no responsibility for the contents of this Supplementary Prospectus.

Other than as set out below, all details in relation to the Prospectus remain unchanged. Terms and abbreviations defined in the Prospectus have the same meaning in this Supplementary Prospectus. If there is a conflict between the Prospectus and this Supplementary Prospectus, this Supplementary Prospectus will prevail.

This Supplementary Prospectus will be issued with the Prospectus as an electronic prospectus and may be accessed on the Company’s website (www.arrhowheadresources.com.au).

The Company will send a copy of this Supplementary Prospectus to all Shareholders who have been offered TIPL Shares under the Prospectus to the date of this Supplementary Prospectus.

This is an important document and should be read in its entirety. If you do not understand it you should consult your professional advisers without delay.

1. GENERAL

All references to “Notice of Meeting” in the Prospectus are replaced with “Notice of Meeting as supplemented by the Addendum to the Notice of Meeting”.

2. TERMS AND CONDITIONS OF THE OFFER

The final two paragraphs at Section 2.1 of the Prospectus are replaced with:

“Shareholders should note that the In-specie Distribution of the TIPL Shares to overseas Shareholders under the Capital Reduction will be subject to legal and regulatory requirements in their relevant overseas jurisdictions. The Company confirms that it will make an offer of TIPL Shares to each overseas AR1 Shareholder.”

3. EFFECT OF THE OFFER ON THE COMPANY

Insert a new paragraph as follows:

“The Directors have determined that the fair value of the TIPL Shares is $829,675. The Directors have determined this value based on the following factors:

• (a) the value of the TIPL Shares is measured using a probabilistic model of discounted cash flows. Measurement inputs include the probability of success in the arbitration of the Legal Claims, the number of years taken to achieve success, the quantum of the potential award and the discount applied by the market to the value of the Legal Rights currently held by the Arrowhead Resources consolidated group of companies; and

• (b) a discount rate determined to reflect the level of risk.”

4. DIRECTORS’ AUTHORISATION

This Supplementary Prospectus is issued by the Company and its issue has been authorised by a resolution of the Directors.

In accordance with Section 720 of the Corporations Act, each Director and Proposed Director has consented to the lodgement of this Supplementary Prospectus with the ASIC.

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Mr Michael Rosenstreich Chairman

For and on behalf of Arrowhead Resources Limited (to be renamed ‘Emerge Gaming Limited’)

This Supplementary Prospectus is intended to be read with the prospectus dated 31 August 2017 issued by Arrowhead Resources Limited (ACN 004 766 376). 1