VERBREC LIMITED — AGM Information 2016

Nov 13, 2016

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Addendum to Notice of Annual General Meeting for LogiCamms Limited dated 24 October 2016

Addendum to Notice of AGM

LogiCamms Limited ( LogiCamms ) gives notice to shareholders of LogiCamms that, in relation to the Notice of Annual General Meeting dated 24 October 2016 ( Notice of AGM ) in respect of its 2016 annual general meeting of members ( AGM ) detailed below, the Directors have determined to issue this addendum to the Notice of AGM ( Addendum to Notice of AGM ).

Time and date of AGM: Thursday, 24 November 2016, commencing at 2.00pm (Brisbane time) Location of AGM: Capri by Fraser, 80 Albert Street, Brisbane, Queensland

Reasons for this Addendum to Notice of AGM

This Addendum to the Notice of AGM is issued to rectify an error in Resolution 4 (Grant of Performance Options to Mr Steve Banning, Managing Director).

Resolution 4 and the explanatory memorandum in respect to Resolution 4 both note that the Performance Options were to be exercisable for nil consideration. This was an error; the proposed exercise price is $0.39 per Performance Option.

The revised Resolution 4 along with the explanatory statement for the revised Resolution 4 is detailed below.

Defined terms in the Notice of AGM have the same meaning in this Addendum to Notice of AGM.

Resolution 4 (Grant of Performance Options to Mr Steve Banning, Managing Director)

Resolution 4 of the Notice of AGM provides that the Performance Options are to be issued for a nil exercise price.

LogiCamms wishes to amend Resolution 4 to detail that the Performance Options are to be issued with an exercise price of $0.39.

Accordingly, the text of Resolution 4 will now be as set out below:

“That, for the purposes of Listing Rule 10.14, the grant of 2,156,550 Performance Options vesting on 30 June 2018 and 30 June 2019 and exercisable into Shares on a 1:1 basis at $0.39 per Performance Option, to Mr Steve Banning, the Managing Director, on the terms and conditions summarised in the Explanatory Statement, be approved.”

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Updated Explanatory Statement for Resolution 4

Below is the information required by ASX Listing Rule 10.15.3 to take into account the change noted above:

ASX Listing Rule 10.15.3

The Performance Options are being granted for nil consideration.

Each Performance Option is exercisable into a Share (on a 1:1 basis) at an exercise The price for which price of $0.39. the securities will be acquired:

Further, LogiCamms confirms that the fair value ascribed to the Performance Options at the date of allocation and detailed in the Explanatory Statement for Resolution 4 (and provided once more below) was calculated based on a Black Scholes and a Binomial methodology.

Performance Options granted (#)	Fair Value at Grant per right ($)	Total value of LTI award grant ($)
2,156,550	$0.1252	$270,000

Proxy Form

Any shareholder who has already submitted a proxy form for Resolution 4 is not required to resubmit a proxy form as a result of the amendments to the Notice of AGM, unless any shareholder wishes to lodge a revised proxy form.

Any shareholder wishing to lodge a revised proxy form may obtain another proxy form by contacting the LogiCamms Share Registry on 1300 554 474 (within Australia) or +61 1300 554 474 (outside Australia).

All proxy forms received to date by LogiCamms will be treated as valid unless a revised proxy form is received by 2.00pm (Brisbane time) on 22 November 2016.

For further information, please contact the Company Secretary on +61 7 3058 7000.

DATED THIS FOURTEENTH DAY OF NOVEMBER 2016

BY ORDER OF THE BOARD

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Paul Bowker Company Secretary LogiCamms Limited

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