Fitzroy River : FZR - Cleansing Notice

ABN 75 075 760 655

17 February 2021

Company Announcements Office ASX Limited

Cleansing Notice

Fitzroy River Corporation Limited (ASX: FZR) (Fitzroy or the Company) has announced today a fully underwritten pro-rata accelerated non-renounceable entitlement offer and shortfall offer of new Fitzroy ordinary shares (New Shares) at an offer price of $0.12 per New Share to raise approximately $2.6 million before costs associated with her entitlement offer (Entitlement Offer).

Fitzroy expects to dispatch an Offer Booklet in respect of the Entitlement Offer to eligible retail shareholders on 24 February 2021. Taylor Collison Limited is the underwriter of the Entitlement Offer to eligible retail shareholders.

For the purposes of Section 708AA(2)(f) of the Corporations Act (Corporations Act) (as modified ASIC Corporations (Non-traditional Rights Issues) Instrument 2016/84), Fitzroy gives notice of the following in respect of the New Shares:

• 1. Fitzroy will offer New Shares under the Entitlement Offer without disclosure in accordance with Part 6D of the Corporations Act.

• 2. Fitzroy, as at the date of this notice, has complied with:

  • (a) the provisions of Chapter 2M of the Corporations Act as they apply to it; and

  • (b) Section 674 of the Corporations Act.

• 3. There is no excluded information, as defined in sections 708AA(8) and 708AA(9) of the Corporations Act, as at the date of this notice.

• 4. The potential effect of the issue of New Shares under the Entitlement Offer on the control of Fitzroy, and the consequences of that effect, will ultimately depend on a number of factors, including the extent to which eligible shareholders participate in the Entitlement Offer and broader investor demand. However, given the structure of the Entitlement Offer as a fully underwritten non-renounceable pro-rata offer, Fitzroy does not expect that the issue of New Shares under the Entitlement Offer will have a material effect on the control of Fitzroy.

This announcement was authorised by the Board of Fitzroy River Corporation Limited. Contact Details regarding this announcement:

Justin Clyne

Non-Executive Director & Company Secretary [phone]

Registered Office: Suite 6.02, Level 6, 28 O'Connell Street Sydney NSW 2000

Mail to: GPO Box 4626, Sydney NSW 2001

Tel: [phone] Website:www.fitzroyriver.net.au