UNION STAR METALS LTD — Capital/Financing Update 2017

Jan 8, 2017

(ASX: THD)

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ASX Announcement 9[th] January 2017

THRED PROGRESSES STRATEGIC INVESTMENT DISCUSSIONS WITH LATERAL PTY LTD

Thred Limited (ASX: THD) (“Thred” or the “Company”) announces that further to the Company’s previous release on Friday regarding the extension of its Rights Issue Offer, Thred continues to progress constructive negotiations with Lateral Pty Ltd, a Perth based software development company. The proposed strategic investment has yet to be finalised, including material terms. On the basis that negotiations are successfully completed, the investment is likely to be made by subscribing for Offer Shortfall Shares pursuant to the underwriting agreement with Hunter Capital Advisors. The initial quantum of the investment is expected be up to $400k.

Lateral was established in 1987 as a boutique custom software development company providing professional software development services and developing proprietary intellectual property in the software cloud and app space. Lateral provides world-class technology capabilities such as custom software development, app development, complex integrated solutions, modernising legacy systems, UI/UX consultancy, cloud computing solutions and mobile solutions, as well as business analysis and Project Management.

Lateral has a large team of highly qualified professionals with significant depth of experience, all based in Australia across two offices. Lateral’s clients include Wesfarmers, Samsung, Curtin University of Technology, AHG, Crown Perth, Honda Australia and CBH Group .

Lateral’s CEO Mr Tommy Shin said “Subject to agreeing final terms, Lateral is committed to investing in Thred as such a disruptive platform that will be a game changer to the social media and messaging sectors. Working closely across technical and commercial spheres will be beneficially mutual for both Thred and Lateral, which will in turn provide a greater result to Thred shareholders”

Thred Chair Geoff Marshall said “Lateral’s consideration of this investment and bolstered partnership reinforces Thred’s potential. Having an experienced technology partner as a shareholder ticks several important boxes for Thred, including but not limited to enhanced access to technical advice, expertise and resources. We look forward to concluding negotiations and having Lateral as an important, aligned and contributory shareholder”

Both Thred and Lateral continue to work through the details surrounding technical and commercial terms and aim to finalise these by the current closing date of the Rights Issue, the 24[th] of January 2017 or sooner. A further announcement will be made in due course.

For more information, please contact: Geoff Marshall Executive Chair geoffm@thred.im

m: PO Box 994, Subiaco WA 6904

e: ir@thred.im

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About Thred:

Thred Limited (ASX: THD) is a software platform working toward commercialisation of a unified social messaging platform and web and mobile app to enable cross platform communication. Based in Perth, the Company has developed systems that unify and centralise users’ contacts while providing a centralised communication hub. Thred aims to empower anyone, anywhere to easily connect with anyone else or any group across social networks, contact databases, email and more to create, manage and archive communications around relevant content.

Social Media Policy:

We believe in providing the highest levels of communications, and whilst the ASX remains the platform for market sensitive releases, we encourage all shareholders to follow Thred on Twitter (@theTHREDapp), and view our latest Company overview at http://www.thred.im/

m: PO Box 994, Subiaco WA 6904

e: ir@thred.im