Notice, page-11

12 th June 2014 The Manager Company Announcements Office ASX Limited Dear Sir Notice under s708A(5)(e) of the Corporations Act 2001 (Cth) This notice is given by Queensland Bauxite Limited (ACN 124 873 507) ("QBL") under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Act"). QBL gives notice as follows: (a) QBL advises that it has issued 96,746,301 fully paid ordinary shares following the conversion of Bonds issued by QBL to Gleneagle Securities Nominees Pty Limited in accordance with the terms of the Convertible Bond and Subscription Deed dated 27 June 2013 between Gleneagle Securities Nominees Pty Limited, Gleneagle Securities (Aust) Pty Limited and QBL, as approved by QBL shareholders at the general meeting of the company held on 12 November 2013; and an additional 11,182,037 shares to other investors and consultants and employees of the company as per the attached two Appendix 3b’s. (b) the shares referred to above were issued without disclosure to investors under Part 6D.2 of the Act; (c) this notice is given under section 708A(5)(e) of the Act; (d) as at the date of this notice, QBL has complied with: (i) the provisions of Chapter 2M of the Act as they apply to QBL; and (ii) section 674 of the Act as it applies to QBL; and (e) as at the date of this notice, there is no information that is “excluded information” of the type referred to in sections 708A(7) and 708A(8) of the Act. Signed for Queensland Bauxite Limited by Sholom D Feldman Executive Director / Company Secre