Ann: Appendix 4C - quarterly-LWP.AX, page-2

Appendix 4C
ASX ANNOUNCEMENT 29 July 2016
LWP Technologies Limited (LWP) had cash outflows from Operations of $833,000 for the June Quarter 2016 and holds a current cash balance of $1.83 million at the end of the June Quarter. It should be noted that a further $865,000 in cash was received in early July pertaining to the late June capital raise.
The company is well placed with not only current cash resources, but with further cash inflows from the investment from Lanstead Capital LP (subject to Shareholder approval), the monies received in early July from the capital raise in late June and the expectation of receipt of payments from the ATO in the September Quarter
Late in the June Quarter the company invested an additional $700,000 in equity investments. It is worth noting that the equity portfolio realised an 45.57% return to 30 June 2016 on initial funds invested early in the first half of 2016.
An investment of $221,000 was also made in commencing our investment into the Graphenera battery technology.
Other impacts on the Cash Flow in the June Quarter were:
The company had an adverse movement on Foreign Currency of $108,000, with the majority offunds now repatriated to AUD this will not re-occur.
Expenditure on marketing and R&D were reduced significantly in the quarter.
Legal fees continued to be high with $106,000 for the quarter. These fees are expected to besignificantly reduced in the coming quarter.
Laboratory equipment purchases were $217,000 for the quarter.It is expected that operational cash flows will be lower in the September Quarter because staff and Directors have chosen to receive all or part of their salaries or fees in shares in lieu of cash. Overall expenditure in the September Quarter is expected to be similar to the June Quarter however as LWP honour their cash commitments to the Pune joint venture and Graphenera.