VYSARN LIMITED — M&A Activity 2016

Dec 14, 2016

Mercantile Investment Company Limited

ABN 15 121 415 576 Level 11, 139 Macquarie Street Sydney NSW 2000 Tel 02 8014 1188 Fax 02 8084 9918

15 December 2016

The Manager ASX Market Announcements

Proposed Off Market Takeover by Mercantile Investment Company Ltd (Mercantile)

On 9 December 2016 Mercantile wrote to the board of MHM Metals Limited (ASX: MHM) and indicated that it intends to make an off-market takeover bid for the shares in MHM.

The board of MHM has not responded to Mercantile’s correspondence.

Mercantile also notes that MHM has not made a public announcement to ASX in relation to Mercantile’s correspondence.

Mercantile intends to make a cash takeover bid in relation to MHM at 4 cents per MHM share.

For further information contact: Gabriel Radzyminski Director Ph: +0408 936 357