AnaeCo : Extension of Convening Period

24 January 2018

ASX Market Announcements Australian Securities Exchange 20 Bridge Street

SYDNEY NSW 2000

By Electronic Lodgement

Extension of Convening Period

On 23 January 2018, the Supreme Court of Western Australia made orders extending the convening period within which Hayden White and Matthew Woods from KPMG, in their capacity as administrators of AnaeCo Limited (Administrators Appointed) ("the Company"), must convene the second meeting of creditors of the Company pursuant to section 439A of the Corporations Act 2001 ("the Act"), to on or before 7 March 2018.

Pursuant to the orders, the Administrators may hold the second meeting of creditors any time during, or within 5 business days after, the extended period subject to the relevant notice provisions under the Act.

The extended convening period will allow sufficient time for the Administrators to:

•  Receive, consider and negotiate any formal proposals for the acquisition of the business or restructure of the Company through a Deed of Company Arrangement of the Company; and

•  Prepare appropriate recommendations to creditors on the merits of any proposals received for the purposes of section 75-225(3) of the Insolvency Practice Rules (Corporations) 2016

Hayden White for and on behalf of

ANAECO LIMITED (ADMINISTRATORS APPOINTED)