I think the TH maybe in relation to the MCO deal as previously...

I think the TH maybe in relation to the MCO deal as previously advised

"Mantle wishes to advise that, subject to the successful passing of all the resolutions to be put to
shareholders of MCO and completion of the recapitalisation proposal occurring, Mantle intends to make an offer
to acquire the MCO shares held by each of the MCO shareholders. The offer consideration will be:

2
1. A pro-rata allocation of $200,000 for all the shares in MCO. It is intended that shareholders be offered an
election of taking their allocation either in cash, or in shares (ASX: MNM) at a relevant VWAP leading into
the offer. Shareholders who elect to accept the allocation in shares will also be issued one free attaching
option in MNM (ASX: MNMOC) for every two shares issued; and

2. A pro-rata allocation of 100 million options in MNM (3c, Nov 2018). These MNM options will attach to either
the cash offer or the share offer as discussed in 1. above.

For the avoidance of doubt, the above offer will be made by way of private treaty offer to each of the MCO
shareholders only after Mantle’s shareholder interest in MCO has gone above 90%. This announcement in no way
should be interpreted by Mantle as an intention to make a takeover bid for MCO.