Ann: Trading Halt, page-5

I refer to our earlier discussion and confirm my request for an immediate trading halt under ASX Listing Rule 17.1 in respect of the Company’s listed securities, pending the release to the market of an announcement regarding a proposed capital raising; as well as an investment in, and partnership with, a business in a sector aligned to that in which Velpic operates.

This proposed transaction will not trigger Chapter 11 of the Listing Rules.

The Company anticipates that it will be able to release an announcement to the market in relation to these matters by close of trade on 29 November 2017. This release will end the need for the trading halt