Ann: Issue of Bonus Loyalty Options to Shareholders, page-3

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    ISSUE OF BONUS LOYALTY OPTIONS TO SHAREHOLDERS
    In recognition of the support from the shareholders of the Company, Raya wishes to advise that it
    intends to undertake a bonus issue of options (“Bonus Options”) to all eligible shareholders, with the
    record date to coincide with the shareholder meeting to approve the Xped transaction, anticipated to
    be mid to late February 2016.
    It is currently intended that all eligible existing shareholders of the Company with shares on the record
    date will be granted 1 free Bonus Option for every 10 shares held in the Company. (the Company will
    be applying for these options to be listed on ASX). The Bonus Options will only be issued upon the
    transaction with Xped completing.
    The expected issue of the Bonus Options will be on the same terms as the options to be issued under
    the upcoming prospectus (with an expiry date of 3 years from the re-admission date). The Bonus
    Options will also be issued under the upcoming prospectus.
    The Company has completed its first leg of the roadshow in Asia after presenting to a number of
    investment firms in Singapore and Hong Kong. The response and feedback from Asia has been
    encouraging and well received and the team are presently in New York for the start of the USA
    roadshow with a number of investment firms and banks.
    The Company is currently finalising the notice of meeting documents and will release an updated
    timetable following the Roadshow conclusion that will include a record date relevant to the Bonus
    Options.
 
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