WEEBIT NANO LTD — Capital/Financing Update 2014

Nov 19, 2014

Status of Underwriting Of Rights Issue and Timetable

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ACN 146 455 576

ASX Release

20 November 2014

Suite 7, 55 Hampden Rd Nedlands WA 6009 PO BOX 994 Subiaco WA 6904

P + 61 8 9389 9919 F + 61 8 6389 0576 E info@radariron.com.au W www.radariron.com.au

Contact:

Jonathan Lea Managing Director E jlea@radariron.com.au

Damon Sweeny Company Secretary E damon@ampereltd.com.au

Directors:

Alan Tough - Chairman Jonathan Lea - Managing Director Ananda Kathiravelu - Non-Executive David Sourbutts - Non-Executive

Issued Capital:

132,248,630 Ordinary Shares 5,000,000 Unlisted Options

ASX Code: RAD (Fully Paid Ordinary Shares)

Radar Iron Limited (“Radar” or “Company”) refers to the nonrenounceable rights issue announced on 22 September 2014 (Rights Issue), and which is fully underwritten by Victory Mining Pty Limited (Victory Mining) under a binding term sheet (Term Sheet).

As previously disclosed, the underwriting is subject to, amongst other things, the Platts daily Iron Ore 62% Fe, North China price assessment being at all times 90% or more than on the business day prior to the date of the Term Sheet (18 September 2014).

Yesterday afternoon Victory Mining advised Radar that the Platts daily Iron Ore 62% Fe, North China price was less than 90% of the price on the business day prior to the Term Sheet and that as a result Victory Mining had the right to immediately terminate its obligation to underwrite the Rights Issue. Victory Mining advised it was considering its position and in the meantime expressly reserved all of its rights.

Following discussion with the Company, , Victory Mining has subsequently advised Radar that, whilst continuing to reserve its rights to terminate its underwriting obligation, it will consent to the prospectus for the Rights Issue being lodged with ASIC and announced to ASX. This will now occur later today.

As a result, the timetable for the Rights Issue will now, in part, be delayed for one day and will be as follows:

Prospectus lodged with ASIC and ASX 20 November 2014 Ex Date – Shares trade ex Entitlement 25 November 2014 Record date to determine Entitlement 27 November 2014 Prospectus with Entitlement and 28 November 2014 Acceptance Form dispatched Offer opens for receipt of Applications 28 November 2014 Closing date for acceptances 10 December 2014 Deferred settlement trading 11 December 2014 Notify ASX of Shortfall 15 December 2014 Issue of New Shares 17 December 2014 Dispatch of shareholding statements 17 December 2014 Normal trading of New Shares expected 18 December 2014 to commence

Radar will, in the event Victory Mining terminates the underwriting, deal with applications received in accordance with the Corporations Act.

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Damon Sweeny Company Secretary

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