THORNEY OPPORTUNITIES LTD — Capital/Financing Update 2018

Feb 7, 2018

THORNEY OPPORTUNITIES LTD

ACN 080 167 264

ASX Announcement: 8 February 2018 ASX Code: TOP

SHARE PURCHASE PLAN CLOSURE

Thorney Opportunities Ltd (TOP) is pleased to announce that its TOP Share Purchase Plan (SPP), which opened on 19 December 2017, has now closed.

TOP offered eligible shareholders the opportunity to participate in the SPP by paying up to $15,000 to subscribe for additional new fully paid ordinary shares in TOP at 72 cents each.

At closing time for the SPP [5.00pm (Melbourne time) on 7 February 2018] applications totalling approximately $2.7 million had been received from 261 shareholders.

The Company appreciates the support of its shareholders and advises that there will be no scaleback with all shareholders receiving their full application.

The total number of shares to be issued under the SPP will be calculated in accordance with the formulas included within the SPP booklet and an Appendix 3B will be filed on allotment which is expected to be Tuesday, 13 February 2018. Dispatch of holding statements for the SPP shares should occur on or around Thursday, 15 February 2018.

Please direct enquiries to: Craig Smith Company Secretary Email: craig.smith@thorney.com.au Telephone: + 61 3 9921 7116 Website: http://thorneyopportunities.com.au/

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100