loan, page-10

announcement ASX Release 12th October 2005
Lumacom Limited
Financing Details
Further to the release of the Lumacom Limited Annual Report on the 30 September 2005 the
Company provides the following details of the loan arrangements procured by the Company
in September 05 and October 05.
The loan was procured in order to provide short term funding for the Company whilst it seeks
to procure an advertiser on its sign at 4 Times Square and its signs in Turkey. The unsecured
loans totalling, at this stage $366,000, carry an interest rate of 12% per annum, an
establishment fee of 3% and the Company will pay brokerage of $8,840 to Tolhurst Noall.
Further loan funds may be procured in the future on similar terms.
The Company has determined it will repay the loans procured to date and any associated
interest and fees through the issue of Convertible Notes (“Notes”), subject to shareholder
approval at the Annual General Meeting of the Company. The Notice of AGM will carry the
final terms and conditions of the Convertible Notes. Indicative terms and conditions of the
Convertible Notes are that they will have a term of 3 years and carry a coupon rate of 7% per
annum. The Noteholders will be entitled to convert the Note to fully paid ordinary shares at
any time in that 3 year period. The conversion price will be the lesser of 7 cents or 90% of the
volume weighted average closing price of Lumacom Limited shares traded on the ASX
during the 5 business days immediately preceding the Conversion Notice. The Notes will be
unsecured and the Company will not seek to list the Notes on the ASX.
To date Punter Pty Ltd, a company associated with Mr Roddi Sala, the Managing Director of
the Company has advanced $25,000 on the same terms and conditions as the other lenders.
Criterion Properties Pty Ltd, a company associated with Mr Timothy Ingram, the Chairman
of the Company has advanced $100,000 on the same terms and conditions as the other
lenders. Criterion Properties Pty Ltd advanced the loan prior to Mr Ingram becoming a
director of the Company.