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WAM CAPITAL LIMITED M&A Activity 2017

Nov 9, 2017

66036_rns_2017-11-09_0bc4bfec-86ca-4aca-ab09-93e7c4b5277f.pdf

M&A Activity

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Aurora Absolute Return Fund

PROPOSED OFF MARKET TAKEOVER BID FOR MOLOPO ENERGY LIMITED (ASX: MPO) BY WAM CAPITAL LIMITED (ASX: WAM)

Aurora Funds Management Limited (“Aurora”) provides an update regarding Aurora Fortitude Absolute Return Fund (“AFARF”), which directly impacts the Aurora Absolute Return Fund.

Further information

If you have any queries or concerns, please contact us.

Telephone: 1300 553 431 Email: [email protected]

Aurora Funds Management Limited | ABN 69 092 626 885 | AFSL No. 222110 10 November 2017

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A B.N. 69 092 626 885 AFSL No. 222110 Suite 613, Level 6 370 St Kilda Road MELBOURNE VIC 3004 Telephone: 1300 553 431 Email: [email protected]

10 November 2017

BY ELECTRONIC LODGEMENT

Company Announcements ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

PROPOSED OFF MARKET TAKEOVER BID FOR MOLOPO ENERGY LIMITED (ASX: MPO) BY WAM CAPITAL LIMITED (ASX: WAM)

Aurora Funds Management Limited ( Aurora ) as responsible entity for the Aurora Fortitude Absolute Return Fund ( AFARF ) notes that on 8 November 2017 WAM announced a proposed off-market takeover offer for MPO for $0.135 per share ( WAM’s Offer ). AFARF previously announced a competing cash and scrip takeover offer for MPO on 12 September 2017 and has prepared and lodged its Bidder’s Statement in relation to this.

Aurora notes that only limited information in relation to WAM’s Offer has been provided, and Aurora will await further information prior to determining its response.

Yours sincerely

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Betty Poon Company Secretary Aurora Funds Management Limited as Responsible entity for Aurora Fortitude Absolute Return Fund