WEEBIT NANO LTD — Capital/Financing Update 2011

Jul 20, 2011

==> picture [194 x 72] intentionally omitted <==

==> picture [146 x 94] intentionally omitted <==

20 July 2011

Centralised Company Announcements Platform, Australian Stock Exchange 10th Floor, 20 Bond Street Sydney NSW 2000

ALLOTMENT OF ENTITLEMENTS ISSUE SHORTFALL OPTIONS

With reference to the Appendix 3B lodged on 22 March 2011, the Directors of Radar Iron Ltd (“Radar” or the “Company”) have allotted the shortfall relating to the entitlements issue of options which closed on 20 April 2011. A total of 4,011,931 options exercisable at 45 cents expiring on 30 April 2012 have been allotted, for which ASX quotation has been applied for by the Company.

In accordance with the timetable, the Company had 3 months from the Closing Date of the offer to allocate and allot the shortfall. The Shortfall Options were placed with investors identified by the Board.

The capital structure of the company is revised as follows:

Type of Securities	#
Fully paid ordinary shares	62,880,112
Listed Options exercisable at 45c each expiring on 30 April 2012	20,626,704
Unlisted Options exercisable at 25c each expiring on 30 November 2013	20,375,000
Unlisted Options exercisable at 30c each expiring on 31 May 2014	2,375,000

For or on behalf of Radar Iron Ltd

Phillip Wingate Company Secretary

==> picture [596 x 38] intentionally omitted <==