USCOM LIMITED — Capital/Financing Update 2014

May 19, 2014

Uscom Limited ABN 35 091 028 090 Level 7, 10 Loftus Street Sydney NSW 2000 Australia T+612 9247 4144 F+612 92478157 www.uscom.com.au

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20 May 2014

ASX Limited Company Announcements Office 20 Bridge St Sydney NSW 2000

USCOM LIMITED (the Company) SECURITIES ISSUED UNDER LISTING RULE 7.1A

The following information is provided for the purposes of listing rule 7.1A.4(b), with reference to Appendix 3B lodged by the Company on 20 May 2014.

• (a) Details of dilution to existing holders of ordinary securities caused by the issue:

The Company issued 5,783,337 ordinary shares under listing rule 7.1A, resulting in the following dilution to existing holders of ordinary shares:

75,676,153 Number of fully paid ordinary shares on issue prior to issue of ordinary shares under listing rule 7.1A 5,783,337 Ordinary shares issued under listing rule 7.1A 81,459,490 Total ordinary shares on issue 7.6% Percentage voting dilution

The issue under listing rule 7.1A was for a total of 5,783,337 ordinary shares, the total voting dilution of the issue being 7.6%.

• (b) Where the equity securities are issued for cash consideration, a statement of the reasons why the eligible entity issued the equity securities as a placement under rule 7.1A and not as (or in addition to) a pro rata issue or other type of issue in which ordinary security holders would have been eligible to participate:

The Company issued shares under listing rule 7.1A to raise a total of $1.38 million., as it was considered to be a more efficient and expedient method for raising the funds to achieve its stated objectives. The placement did not expose the Company to market volatility that may have been experienced over a more protracted process such as a pro-rata issue.

• (c) Details of any underwriting arrangements, including any fees payable to the underwriter.

No underwriting arrangements were entered into.

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Uscom Limited ABN 35 091 028 090

Level 7, 10 Loftus Street Sydney NSW 2000 Australia T+612 9247 4144 F+612 92478157 www.uscom.com.au

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• (d) Any fees or costs incurred in connection with the issue.

A fee of 5% totalling $69,400 (exclusive of GST) was paid to Hawkesbury Partners in relation to the amount it raised in the placement under listing rule 7.1A.

Yours faithfully

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Catherine Officer Company Secretary

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