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CuDeco : Rights Issue Completion and Appointment of New CFO

by August 16, 2016 General

ACN. 000 317 251MARKET RELEASE 15 August 2016 RIGHTS ISSUE COMPLETION AND APPOINTMENT OF NEW CFO Highlights: * Rights Issue now complete – Sub-underwriters to Rights Issue subscribe for remainingmillion ordinary shares (representing $10,000,000 in issue proceeds), making up the remaining shortfall as advised to ASX on 30 May 2016Mr David Wrigley, chartered accountant and experienced mining industry executive, named new CFOQueensland copper producer CuDeco Limited (ASX:CDU) announced today that the sub- underwriters to the Company’s recent Rights Issue have subscribed for the 12,500,000 ordinary shares at 80c per share (representing $10,000,000 in issue proceeds before costs) pursuant to the Underwriting Agreement, which is the remaining shortfall as advised to the market on 30 May 2016.As a result, the Rights Issue is now complete, having raised in total approximately $63 million (before costs).The New Shares will be allotted by the Company on 15 August 2016. Attached please find an Appendix 3B dated 15 August 2016 for the allotment of the above shares.New CFOCuDeco is also pleased to advise that Mr David Wrigley has agreed to join CuDeco as the Company’s new Chief Financial Officer (CFO) effective 22 August 2016.Mr Wrigley is a chartered accountant and an accomplished senior finance executive with over 18 years’ experience, having worked in private practice with PricewaterhouseCoopers and in listed and private entities across multiple industry sectors. He has held senior finance executive roles with Consolidated Metals, Alacer Gold Corporation, Singapore Power’s Australian subsidiary Jemena and Alinta Limited.Unit 33, Brickworks Annex, 19 Brolga Avenue, SOUTHPORT 4215 Phone: +617 5503 1955 Facsimile: +617 5503 0288 Email: the appointment, CuDeco’s Managing Director, Dr. Dianmin Chen said: “David is an important addition to our key management team as we progress into a production company, based on the commissioning of our flagship Rocklands Operations. David’s resources industry background and experience in corporate governance, business transformation and strategy implementation should help deliver further successful growth in shareholder value for CuDeco.”Mr Bruno Bamonte, who has been the acting CFO, remains with the Company in his role as Company Secretary.ENDSPage 2 of 2Appendix 3B New issue announcementAppendix 3BRule 2.7, 3.10.3, 3.10.4, 3.10.5New issue announcement, application for quotation of additional securities and agreementInformation or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13Name of entityCUDECO LIMITEDABN14 000 317 251We (the entity) give ASX the following information.Part 1 – All issuesYou must complete the relevant sections (attach sheets if there is not enough space).Ordinary Shares1 +Class of +securities issued or to be issued