STREAMPLAY STUDIO LIMITED — Director's Dealing 2015

Dec 17, 2015

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ABN 31 004 766 376

18 December 2015

Ms Anjuli Sinniah Listings Compliance (Perth) Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Ms Sinniah,

We are in receipt of your letter dated 17 December 2015 and respond as follows:

1. The Appendix 3Y form submitted on behalf of director John Kenny related to the issue of shares to a company associated with Mr Kenny pursuant to the take up of a rights issue entitlement, priority sub-underwriting of the rights issue and the issue of shares upon satisfaction of the final conditions for the agreement to issue shares as settlement of outstanding liabilities. The rights issue entitlement and priority sub-underwriting were disclosed in the Company’s Prospectus dated 29 October 2015. The issue of shares to a company associated with Mr Kenny upon satisfaction of the final conditions for the agreement to issue shares as settlement of outstanding liabilities was approved by shareholders at the Company’s General Meeting held on 29 September 2015 and was also disclosed in the Prospectus dated 29 October 2015.

The delay in lodgement of the Appendix 3Y form which resulted in notification of the change in the directors interests being almost 2 business days outside of the permitted 5 day period following the issue of these shares was an administrative oversight.

1. The Board of Directors have adopted a Securities Trading Policy which requires directors to notify the Company of any changes in their security holdings within 3 business days of such a change. A complete copy of the Company’s Securities Trading Policy was lodged with ASX on 24 December 2010. The Company has entered into Disclosure Agreements with all directors in accordance with Guidance Note 22.

2. The Board is of the view that its current administrative processes to ensure the lodgement of 3Y forms following the issue of securities to Directors is timely and in accordance with Listing Rule 3.19A are satisfactory. The delay that has been queried is an isolated incident which occurred during a period of extensive corporate activity and multiple ASX announcements by the Company.

Yours sincerely

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ROWAN CAREN Secretary

Suite 2, 28 Southside Drive PO Box 2277 ASX: AR1 Hillarys WA 6025 Marmion WA 6020 Deutsche Borse: GIX Australia Australia e: info@gippslandltd.com t: +61 8 6102 2609 w: www.gippslandltd.com

17 December 2015

Rowan St John Caren Company Secretary Suite 3, 11 Sheppard Way MARMION WA 6020

By email: rcaren@gippslandltd.com

Dear Mr Caren

Arrowhead Resources Limited (the “Company”)

We refer to the following:

The Company’s announcement lodged with ASX Ltd (“ASX”) on 17 December 2015 regarding a change of director’s interest notice for Mr John Kenny (“Appendix 3Y”).

Listing rule 3.19A which requires an entity to tell ASX the following:

• 3.19A.1 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the following times:

• On the date that the entity is admitted to the official list.

• On the date that a director is appointed.

The entity must complete Appendix 3X and give it to ASX no more than 5 business days after the entity’s admission or a director’s appointment.

• 3.19A.2 A change to a notifiable interest of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) including whether the change occurred during a closed period where prior written clearance was required and, if so, whether prior written clearance was provided. The entity must complete Appendix 3Y and give it to ASX no more than 5 business days after the change occurs.

• 3.19A.3 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the date that the director ceases to be a director. The entity must complete Appendix 3Z and give it to ASX no more than 5 business days after the director ceases to be a director.

Listing rule 3.19B which states as follows.

An entity must make such arrangements as are necessary with a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) to ensure that the director discloses to the entity all the information required by the entity to give ASX completed Appendices 3X, 3Y and 3Z

Level 40, Central Park www.asx.com.au 152‐158 St George's Customer service 13 12 79 Terrace Perth WA 6000

ASX Compliance Pty Limited ABN 26 087 780 489

within the time period allowed by listing rule 3.19.A. The entity must enforce the arrangements with the director.

The Companies Update dated 27 June 2008, reminding listed entities of their obligation to notify ASX within 5 business days of the notifiable interests in securities held by each director and outlining the action that ASX would take in relation to breaches of listings rules 3.19A and 3.19B.

As the Appendix 3Y indicates that a change in Mr John Kenny’s notifiable interest occurred on 4 December 2015 the Appendix 3Y should have been lodged with the ASX by 11 December 2015. As the Appendix 3Y was lodged on 15 December 2015 it appears that the Company may be in breach of listing rules 3.19A and/or 3.19B.

Please note that ASX is required to record details of breaches of the listing rules by listed companies for its reporting requirements.

ASX reminds the Company of its contract with ASX to comply with the listing rules. In the circumstances ASX considers that it is appropriate that the Company make necessary arrangements to ensure there is not a reoccurrence of a breach of the listing rules.

Having regard to listing rules 3.19A and 3.19B and Guidance Note 22: “Director Disclosure of Interests and Transactions in Securities ‐ Obligations of Listed Entities”, we ask that you answer each of the following questions.

1. Please explain why the Appendix 3Y was lodged late.

2. What arrangements does the Company have in place with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A?

3. If the current arrangements are inadequate or not being enforced, what additional steps does the Company intend to take to ensure compliance with listing rule 3.19B?

Your response should be sent to me by e‐mail to anjuli.sinniah@asx.com.au. It should not be sent to ASX Market Announcements.

A response is requested as soon as possible and, in any event, not later than 3:00 pm WST on Monday 21 December 2015 .

Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a form suitable for release and must separately address each of the questions asked. If you have any queries or concerns, please contact me immediately.

Yours sincerely,

[sent electronically without signature]

Anjuli Sinniah

Adviser, Listings Compliance (Perth)

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