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Share Transaction – Paul Riordan

Share Transaction – Paul Riordan

Annexure A

By email

Dear Shareholders

The Book-build conducted by Taylor Collison and Bell Potter late last year was successful with good demand from existing shareholders and some new shareholders.  Discussions have continued with a number of parties and we can report that Paul Riordan has recently agreed to sell 900,000 shares at $3.20 to three (3) existing shareholders.  Paul has indicated that he will not be selling anymore Boundary Bend shares.  Paul remains the 2nd largest Boundary Bend shareholder, behind Rob McGavin.

Kindest Regards

Rob McGavin

Executive Chairman