USCOM LIMITED — Regulatory Filings 2012

Aug 1, 2012

Uscom Limited ABN 35 091 028 090 Level 7, 10 Loftus Street Sydney NSW 2000 Australia T +612 9247 4144 F +612 9247 8157 www.uscom.com.au

==> picture [114 x 72] intentionally omitted <==

Simon Daniels Adviser, Listings (Sydney) ASX Compliance Pty Limited 20 Bridge Street Sydney NSW 2000

2 August 2012

By email: simon.daniels@asx.com.au

Dear Simon,

Uscom Limited ( Uscom or the Company ) responds as follows to the questions raised in your letter of 30 June 2012, adopting the numbering therein;

1. Yes, in the absence of a capital raising.

2. Yes, Uscom is currently pursuing capital raising opportunities to ensure it has sufficient funds to continue its operations. The Company notes that the most recent placement of 2,000,000 ordinary shares was completed on 2 July 2012.

3. Refer 2 above.

4. The Company is in compliance with Listing Rule 3.1. Uscom’s capital raising intentions and the requirement for additional capital to support product marketing are referred to in the presentation released to the ASX on 22 June 2012.

5. The Company’s financial condition is adequate to warrant the continued quotation of its securities. The Company’s unaudited balance sheet at end of June 2012 has Net Assets of approximately $1.2 million. The Gross Profit for the year ended 30 June (unaudited) is approximately $580K. The recent volume of shares and increase in price over the most recent capital raising price of 7.5 cents indicates the support for the stock.

Yours sincerely,

==> picture [239 x 37] intentionally omitted <==

Tom Rowe Company Secretary

The measure of life .

==> picture [46 x 76] intentionally omitted <==

ASX Compliance Pty Limited ABN 26 087 780 489 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

30 July 2012

Telephone 61 2 9227 0137 Facsimile 61 2 9241 7620 www.asx.com.au

Mr Tom Rowe Company Secretary Suite 1, Level 7, 10 Loftus Street, SYDNEY, NSW, AUSTRALIA, 2000

By Email

Dear Tom,

USCOM Limited (the “Company ”)

I refer to the Company’s Quarterly Report in the form of Appendix 4C for the period ended 31 June 2012 , released to ASX Limited ("ASX") on 27 July 2012 (the “Appendix 4C”).

ASX notes that the Company has reported the following.

1. Receipts from product sales and related debtors of $135,505.

2. Net negative operating cash flows for the quarter of $364,316.

3. Cash at end of quarter of $544,463.

In light of the information contained in the Appendix 4C please respond to each of the following questions.

1. It is possible to conclude on the basis of the information provided that if the Company were to continue to expend cash at the rate for the quarter indicated by the Appendix 4C, taking into account future administration costs, the Company may not have sufficient cash to fund its activities. Is this the case, or are there other factors that should be taken into account in assessing the Company’s position?

2. Does the Company expect that in the future it will have negative operating cash flows similar to that reported in the Appendix 4C for the quarter and, if so, what steps has it taken to ensure that it has sufficient funds in order to continue its operations at that rate?

3. What steps has the Company taken, or what steps does it propose to take, to enable it to continue to meet its business objectives?

4. Can the Company confirm that it is in compliance with the listing rules, and in particular, listing rule 3.1?

==> picture [46 x 76] intentionally omitted <==

1. Please comment on the Company’s compliance with listing rule 12.2, with reference to the matters discussed in the note to the rule.

Listing rule 3.1

Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities. The exceptions to this requirement are set out in the rule.

In responding to this letter you should consult listing rule 3.1 and the guidance note titled “Continuous disclosure: listing rule 3.1”.

If the information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligation is to disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by, answering the questions set out in this letter.

This letter and your response may be released to the market. If you have any concerns about your response being released, please contact me immediately. Your response should be sent to me by e- mail to simon.daniels@asx.com.au or by facsimile on facsimile number (02) 9241 7620 . It should not be sent to the Company Announcements Office.

Unless the information is required immediately under listing rule 3.1, a response is requested as soon as possible and, in any event, not later than 5:00 p.m. A.E.S.T. on Thursday 2 August 2012 .

If you are unable to respond by the time requested you should consider a request for a trading halt in the Company’s securities.

If you have any queries, please do not hesitate to contact me on (02) 9227 0892.

Yours sincerely,

[Sent electronically without signature]

Simon Daniels Adviser, Listings (Sydney)