TALIUS GROUP LIMITED — Capital/Financing Update 2016

Mar 31, 2016

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1 April 2016

The Manager Companies Announcements Office Australian Securities Exchange

Dear Sir/Madam

In accordance with the requirements of ASX listing rule 3.10.5A the following information is provided in relation to the recently lodged Appendix 3B:

The dilution to existing shareholders, as a result of the issue under Listing Rule 7.1A is 8.7%, dilution to existing shareholders as a result of the issue under Listing Rule 7.1 is 0% and the total dilution to existing shareholders as a result of the issue is 8.7%.

Details of the approximate percentage of the issued capital following the completion of the issue held by pre-issue shareholders and new shareholders are as follows:

Pre-issue shareholders who did not participate in the 7.1A issue	98%
Pre-issue shareholders who did participate in the 7.1A issue	2%
Participants in the 7.1A issue who were not previously shareholders	0%

The Company issued the shares for cash as a result of the need for immediate working capital. Any other method would have taken much longer and incurred significant costs.

No underwriting arrangements were in place for the issue; and

There were no capital raising fees payable in relation to the capital raised.

Yours faithfully,

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Ranko Matic Non-Executive Director Company Secretary

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Level 3, 216 St Georges Terrace Perth WA 6000 PO Box 7775 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 9226 4500 fax: +61 8 9226 4300 antillesoilandgas.com.au