Updated Capital Structure

19 December 2016

STATEMENT OF CAPITAL STRUCTURE The capital structure of Ausnet Financial Services Limited (formerly Namibian Copper Limited) (the Company) following completion of the acquisition of Veriluma Pty Ltd and the issue of securities pursuant to Company’s prospectus dated 30 September 2016 (the Prospectus) as amended by the supplementary prospectus dated 17 October 2016:

Performance (1) Shares shares Options No. No. No.

Capital on issue as at date of Prospectus 87,793,034 – 24,076,072

Issued as consideration to the shareholders of Ausnet 200,000,000 66,666,667 –

Issued Incentive Performance Shares – 46,666,667 –

Issued under the prospectus in accordance with the public offer 290,000,000 – –

Issued to Advisors of the Company 5,000,000 – 5,000,000

Issued to Joint Lead Managers / Underwriters – – 51,666,667

TOTAL 582,793,034 113,333,334 80,742,739

(1) Options are exercisable on the following terms: Option Series Exercise Options Price Exercise No. $ Date Existing options 24,076,072 0.150 30 April 2019

Advisor options 5,000,000 0.150 30 April 2019 # Joint Lead Manager options 51,666,667 0.040 December 2019 TOTAL OPTIONS 80,742,739 # 3 years from the date of Settlement of the Offer

Jay Stephenson COMPANY SECRETARY

Ausnet Financial Services Limited ABN 118 913 232 Registered Office Suite 12, Level 1, 11 Ventnor Avenue PO Box 52, West Perth WA 6872 Tel: +61 8 6141 3500 | Fax: + 61 8 6141 3599