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La,1 =/Uy.0/1. Neill1231 I.,I.*kid.=Ck.=-,d0,30Teleptimc 01 7 3334 4888Faolinix 017:=10008.IM/Ul.om.u'l/au

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URGENT

FAX OR EMAIL CONARMATIONREQUIRED BY 5pm, 18 Me 2016

Caphno Hot»y Ltd

1 for 10 non noimce,ble eitilliment oilw ofn-My pild ordkimy,har=at A$1080 Firshar, lo Mlie,pproximalilyA$1U million

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Capiliu Ho iy Lid ABN 55 000 688 435A 1 for 10, pfo-rall noH nola,o=b  dnerne,* 0#erm raise appiold„,al* A,1U rr on TE„lill.Inint004The Record Dme for the Of# 18 7.00pm ( fc sy *ne)Thtnday, 20 May 2016.ASX Amo osment, Inill# Pr,lin lion andClein,irg 81,*..1.0.1 bythe Off== aoh to belodgdv th thi A9X on or soti,d Mond,y, 23 May 2018 Ind a000, Doam=Z Enel,mant*Acoipli,) Formeach to be despalcl»d 49 Tz-rizy, 31 Mmy 2016 and

- mfyhollc  regidig0*Ofir-t to Sect it,holders(and any doasne,- *loh =avi=n,nt or am,nd tholdocurm*Fuly pdd 0,¢In,ly *wles in Ile cmild d the 0 eror

AS19.80 per8ecurRyMugme Cotporale Urn#,d ABN 32 010 530 607

Cennacord Genulty (Aultrolia) Liniled ABN 86 067 547

 ,0, 1 Sililimint D- Aldly, 24 June 2016S.%.1."tAG  Mor  Amia Uintl dOllarIN  ilidicloms Au*11#4 NewZeili10

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A copy orthe ABXArmuncemeot, Irwellor Prose,talion and Cleanang 81 nent4.*hdabove,/M...hul onth.0,*ro,* .*4.*mvw./4/2   All

A copy of a,Mast,r ECM TIrrIL d-d 7 March 2016, rm bean PINWId 10 You bythl#0Ing,ru#*li ,/iltleon th, AFMAwil„l*dl l,:HAINW.  a om s ndsd doc n  0,1.h  The M,- ECM Terms 90* toOS le-Nailll Ind  rms dalned in Ihi Mamer ECM T=,B him mimnlee/*PIn 011. L.....Ve**mlk

-Aloo,Nor,*. a r,f*,no./O 01..Shor"/1 8/..#1'..i./.d."ned b.kwaA rill,Inal ;n me all/er ECM Tlms IN 9h-lT„nir Mud- thi llrms md cc cm,n•=totinmls[.-r.Anocalion ofI

The Le.d Il/0/'/02": plemed "'gor"nn that you have been ,looalld the foloA*, .Ublund, INcorm*110,1 In r*lontothe kclilles ofkred und,rthe Erien,0 00*rsublecttothe-ni d coMRIons lioutln 0/ L-c

Number of 8aaities that you se aub-undmurngr•ub·=Id'I"'4*- sisigaIM

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204292 AS¢,907»4.00

As a Sub ndenwlter, you Inwocsbly •06680 apply for. md p/y the Plice lor, up b the,unber of Sub di„,1,1*,1 8.0,*Ii- •pielid •hn'. in Imd,nce %%*h the Tki,I,=1*™s con.MI ID 6 1-*4 md ,*110, 14 "¥ other appocalon B acqd.Seourives you may maka Ondidno t,#19 up any enilemerrt 18 holder of 8,871<,)11%441 not reduce the nLrrib rof Ek x•,deruT en Securilee you *wy be requled to apply for.You wi be *Mled I l accord„,co u«hh T:natable d thehl runb,rd Sio,Ries for*t ch you =I requir•d to apply ('Sho,IW 800„dll„2IlIlllmSMI haillils yau * blIta Cormr on Br re nlilroW alS»1 SeasIOeer•hoill Coilmillon') and th,Ma-r ECM TIn,18, ,pplyloyou./'mwamd shorhl 8.OUI"k...iani".noe  0:

the 'Cor*nisSorr ¥se a riference to the 'Shc,tfal Connmiont ind

-Alooillon'm a *rmo, lo Ihi1hold Siourilli'.The form of the Sho,0011 Conf malon li let out In Appen* 1 teEll<all# 041*I rial Hyaliegild by te dabgd-=*ad h lheTh,aliti# ihireaulling aho/Val d Mvirt lo the*,bund,n ,Ne,s forsubecilpion up lomav,k»dth, tdi mi,<i,di,1.14 pool.

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For* pumoee d ING  eement, the eutMarid.,v,Ing pool h -p,-d to berp · " " 7 [642,288] //Ms (app,oot at* 04$1218 m,lon) rSub-L,Ider¥,rng poor).

Ir youaccept thhif,r. the nlmber of ehare,you *I be r,quhd tosub,crl» for In theIwint of a Ihor ,14 bo Ya, 81¤W Sianll= (•8 0,10*,Id b•104 in I,y evAYour Shoml S d-"11 not,Koeed .. S -- an Sec hYar Shor«hi 8 Olal- Va ld-mkled h =2*-v, h th, Hovill  c slon:

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Providid the Eh ,1 Shires se le= thift thi Sub-l„d,n%,i r  PooLShort/1.-m..m./.0.tm,ber of Entmemen 01.8.- for"4110hth.Off,rordoi not hold vald appicilons tdoee al Ihe EnCUm=*04and Imt 0,1 Inme shor 1 nolke lo the Lied Mlille:&Whe,e the Millber of 8%,olt/1 Shores le equd k, or In m,oe=of the SUAndervglung Pool,you, 41 bere*dred...uppi./hka#m,n Secull#Yourva md oblgaljol m a *bundarvill m nd capeble of I,nali, m= ment or19/al©n or b,1119 othind-did dih -00#th the *or0* Igolmlitd th  Lead

Subt,nillimttlig Pe=

Fhe Lid IlanioeiI wAI pgy Nu z• 8*unds,vs,11, eommill//Ildl 960nm'numbIofSuNn//Nm

Sioudlisityouses  difial,pr Uplild byml Plce($1950 perSea,#XO»"8*4  ¥0  N..1

Thi Enoun! d 01. P,i ,#AI , d FI. Is Inckadvi d iny #op[Icable GST.Pludd theIFee la conciBlmal on recelp¢ ©ff- byrne Laa*Mer,lom;underthe Lid Mi,1,glri Agill,ul,1. Pli<Iwl bl nlde w*hin lb84/1=0[ s gRI Mal*t by the Laed Man,oars of me fees p blounderme LidManagers #peemint Id liNart k,micl ilMcalled hm you for you Subls,den IngFl/4

S* d=idng FeesIll not bi plyine nor I you reclim =V Slbimden !!gnSecuides m

youdonotv ,dyioo,;*thi*ub de,va*Ing=*vi*ne linmleL-r:the Offer does not proceed or ts w«hclraimi by the Of ror:

thi Lld Manlgers or th, 0 or do nal liSCull B I Lid Mif,iger, ql,mentthe Lead Managers AO®enle,2 li Iniiillia;ed by the L=d Mi00era In aooordanoe-h the L,ad M gersAG„,inent; or

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TheS*imden,NI, Fee Ill not be payable lyou br h the *TI d IN, LilliorthiM=§,r ECM T,m,4 but, ld,=lhe Li,d MI„q„sothi,wai Igrees h usllril you dicor@- b bl bound k).pily and ply lorShor//U Sm,1/Ht'll k; 4/"/-1 d/full v'MilthisLst*,The ob[ lon of the L  M,nigils lo psy theIFee Il %%(110ll reCOilleb the Leed Manloors olher than for money recelved by #e Lead Managers as01/,=|t#f-fore» Oner.

The Genoral / A .* -42..- ' and the &,10# AckINonal Ackno edgamer* spply:

• No dI,closure doament 1 1[ 1 n,th ABIC;

• On-S e of SecurR  IdI Purpose d Offer

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For*n Ju,I,diclim Repres,ntmaons

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The 101 laa#g other temis *Ply:

• You agiothle=pt loh=cld **RabIR,cannot by Imvbi -dtd, IheL,/ MI)<Ics do not acc,pt Iny risponilly in r,1/on lo Ul05- md )411agil to ill,Il/ such FWI from an, delns, dliwil or Boollil,gs InrupectoftheOff/.

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To oodrm yarInivocabli acceptings of yacr a*xs an,TN 10 conwillillent you muBt8*Ind *181* Litterb,&00pm (Sydne,8-)W*,Ildiy, 18 lk,2016:othiL=dMm.FBOotheaa,n en ofmepe.on ./ tothe M.namlal ikh,scr fnnlmb,rIndicted belowk

110-8--Uml billion:™a RD,1.Faoilinl,c *01 7 301I

Yon sinc,r®

MORGANS CORPORATE LmITED

PHU LmEbmaike Qrector, Corporab Adv y

SOPIC MITCIELLExicullve Dho or, Corpor- Adv ory

CANACCORD GEPUrY ¢AUSTRAUAlLmIED

"UU"MU'FR./.INMChM B(eolave Offlo,r

GRANT BiDOWN*WONotor, Corpor  nlmoe

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Acceptance by Sub-underwriter

W, cord m Horti b,na d thi Oll/or, the L 1 la,INI„ ind =h of b ruipictiveBilli,l )our Ir,/oombll *gr-nont to,pply for, md Fy thi Prioi for, up §0 thi runb, d Sub-1/,diew/llen Seet,Hies in ae=der=Wth Ills Lsner;wi hive r=d ind undindaid this lathrind thiDA=ter ECM T,fmsd ed 7 March 2016provld,d lo us bythl Laad M,liggl or aval,bilon thl AFMAwil24 t4--,#Unm.9,820*W--sppi,dby=,d k=rpo,a. b,referegice into IdsL-rNogini th,7I1 Ind igile to be bolind by the)TemZ InokKINu*houE .Won the Aar-e*ner  W,rmtiaa, Uid,rtal r  .4 For,4,i Juiscicion

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0'1. C. S/10. . . . . . . . . . . -

nes LETTER MUST BE mETURN  AS SOON AS POSSmLE mrT BY NO LAIRE MAN 0 00PMCm79r %#L-6- - - R=g'(f. - _m+""0 1 1' f W M· - · - 6/Ii:-'.......... F-4 . .... I. . 11. i...0 111 r, : . . . . . I

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Appendix 1 - TimetableP. r· 7 F ·.,-,ntr 1, .l'

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Theabo,ISmatable il Ma*e or*md ma,dip*9100,),hion nith You AO*=....,d*-se r,F,r,nc /8, n,y rn 

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