Ann: Withdrawal of Entitlement Issue, page-2

WPG Resources Ltd (ASX:WPG) advises that it has withdrawn its $5.4 million 1 for 8 pro rata non-renounceable Entitlement Issue to eligible shareholders (Offer) made under a prospectus lodged with the Australian Securities and Investments Commission (ASIC) on 19 June 2017 (Prospectus). A supplementary prospectus was today lodged with ASX and ASIC (Second Supplementary Prospectus).

The Second Supplementary Prospectus should be read together with the Prospectus and the supplementary prospectus modifying the Prospectus dated 25 July 2017 (First Supplementary Prospectus). To effect the withdrawal of the Offer, the Company has brought forward the expiry date of the Prospectus and First Supplementary Prospectus to the date of the Second Supplementary Prospectus, such date being 15 August 2017. No securities have been issued prior to this date on the basis of the Prospectus or the Supplementary Prospectus, and the Company will not issue any securities on the basis of the Prospectus.

Since the Prospectus was lodged with ASIC on 19 June 2017, the Company believes that the Offer would no longer be attractive to its Eligible Shareholders due to current market conditions and has decided to withdraw the Offer under the Prospectus and First Supplementary Prospectus. All application moneys will be refunded in full by bank transfer, where a nominated bank account has been provided, or by way of a cheque which will be sent using the applicant’s address as specified on their application. The Company will coordinate with the Share Registry to process all cheques and bank transfers by 21 August 2017. As stated in the Prospectus, no interest is payable on refunded application monies. Anyone with questions concerning the refund can contact Larissa Brown the Company’s Secretary on +61 2 9251 1044 or contact Boardroom, the Company’s Share registry on 1300 737 760 (within Australia) or +61 2 9290 9600 (for overseas callers).