WEEBIT NANO LTD — Capital/Financing Update 2011

Apr 27, 2011

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28 April 2011

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

CLOSURE OF NON-RENOUNCEABLE PRO RATA ENTITLEMENTS ISSUE

The Directors of Radar Iron Ltd (“Radar” or the “Company”) hereby advise that the nonrenounceable entitlements issue of options offered pursuant to the prospectus lodged on 21 March 2011 has closed. A total of 16,614,773 options were subscribed for by existing shareholders, resulting in a shortfall of 4,011,931 options.

As disclosed in the Prospectus, the Directors reserve the right, subject to the requirements of the Listing Rules and the Corporations Act, to place any Shortfall Options within 3 months after the Closing Date. Shortfall Options will be issued at a price not less than the issue price of New Options under the Offer.

For or on behalf of Radar Iron Ltd

Phillip Wingate Company Secretary

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