WINGARA AG LTD — Capital/Financing Update 2014

Aug 3, 2014

4 August 2014

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Appointment of Advisor

Biron Apparel Limited (Biron) is pleased to confirm that it has engaged Calibre Investments (Calibre) to act as its advisors in connection with its immediate capital raising requirements and assisting Biron to relisting on the Australian Securities Exchange (ASX).

Calibre will assist in the following,

1. Assist Biron in raising capital sufficient to meet the capital required to meet the minimum work commitments in hand.

2. Assist in the preparation and review of the offering and information documents in connection with such raising.

3. Assist Biron with the Notice of Meeting (NOM).

4. Assist Biron in evaluating its strategic options and initiatives.

5. Assist Biron in progressing current and future initiatives being pursued by Biron.

6. Assist Biron in relisting on the ASX at a point of time acceptable to Biron.

This provides Biron with the confidence to progress the Company forward on the path to relisting the securities of the Company on the ASX.

Further Information about Calibre Investments can be obtained going to their website www.calibreinvestments.com.au.

Biron will keep the market updated on all developments in relation to this appointment.

Accounts

Biron is currently working towards finalizing all outstanding annual accounts for the Company.

Biron will ratify the appointment of an Auditor for the Company at the forthcoming meeting of shareholders that is planned to be held during September 2014.

Following that meeting the Accounts of the Company will be finalized and a meeting of all shareholders will be called to present the accounts and other business.

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Biron will keep the market updated on the progress of this but expects to have the NOM for the ratification of the Auditor and other business to all relevant shareholders by the end of August 2014.

The Company would like to thank all of its shareholders for their patience and understanding. The Company is working to bring value to all the shareholders.

George Karafotias