Maverick expects that the trading halt will be lifted before...

Maverick expects that the trading halt will be lifted before market open on Thursday, 19 July 2012 by the provision of an announcement to the market confirming completion of the first tranche of the placement.

In accordance with Listing Rule 17.1, Maverick provides the following information:

(a) Maverick intends to undertake a placement to institutional and sophisticated investors. Given the materiality of the placement, Maverick considers it appropriate that it enter into a trading halt.

(b) Maverick requests that the trading halt continue until the earlier of:

(i) the commencement of normal trading on the second trading day after the trading halt commenced; and

(ii) Maverick making an announcement to the market and requesting that the trading halt be lifted.