Form 604

604 Page 1 of2 15 July 2001

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

ToCompany Name/Scheme EBET LIMITED

ACN/ARSN 056 210 774

1. Details of substantial holder (1)

Name VIX INVESTMENTS LIMITED

ACN/ARSN (if applicable) N/A

There was a change in the interests of the

substantial holder on 04/01!2013

The previous notice was given to the company on

The previous notice was dated

10/07/2012

10/07/2012

2. Previous and present voting power

The total number of votes attached to ali the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)

Previous notice

Present notice

Person's votes

Voting power (5)

Person's votes

Voting power (5)

ORDINARY NPV

56,890,174

24.8006%

4,065,742

26.532%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of

change

Person whose

relevant interest changed

Nature of change (6)

Consideration given in relation to change (7)

Class and number of securities affected

Person's votes

affected

See Appendix

"A"

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of

relevant interest

Registered holder of securities

Person entitled to be registered as holder (8)

Nature of relevant interest (6)

Class and number of securities

Person's votes

See Appendix

"A"

5. Changes in association


604 Page 2 of 2 15 July 2001

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

See Appendix "A"

6. Addresses

The addresses of persons named in this form are as follows:

Name

Address

See Appendix "A"



DIRECTIONS

(1) lf there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. lf the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001. (4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporale or scheme multiplied by 100.
(6) Include details of:
(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. lf subsection 6718(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contraci, scheme or arrangement, must accompany this form, together with a written statement certifying this contraci, scheme or arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7) Details of the consideration must include any and ali benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
(8) lf the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write

"unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

This is Appendix A of 1 page referred to in form 604 - Notice of change of interests of substantial holder

EBET Limited- ACN 056 210 774

3. Changes in relevant interests

Date of change

Person whose relevant interest changes

Nature of change

Consideration given in relation to change

Class and number of securities

Person's votes affected

17/12/2012

Utilico Investments

Limited

15 to l share consolidation

n/a

43,544,101

43,544,101

17/12/2012

Vix Technology Limited

15 to l share consolidation

n/a

13,346,073

13,346,073

04/01/2013

Vix Technology Limited

Sale off-market

1,129,967

889,738

889,738

04/01/2013

Vix Investments

Limited

Purchase off- market

1,129,967

889,738

889,738

04/01/2013

Utilico Investments

Limited

Purchase on market

347,658

273,064

273,064

4. Present relevant interests

Holder

of relevant interest

Registered holder of securities

Person entitled to be registered as holder

Nature of relevant interest

Class and number of securities

Person's votes

Utilico

Investments

Limited

JP Morgan Chase

Bank, Sydney

JP Morgan Chase

Bank, Sydney

Beneficiai owner

3,176,004

3,176,004

Vix Investments

Limited

Vix Investments

Limited

Vix Investments

Limited

Beneficiai owner

889,738

889,738

5. Changes in association Name and ACN Nature of association

Utilico lnvestments Limited

Vix lnvestments Limited

Acting in concert, same fund manager

Acting in concert, same fund manager

6. Addresses Name Address

Utilico lnvestments Limited

Vix lnvestments Limited

1st Floor, 19 Par-La-Ville Road, Hamilton, Bermuda

Sign here_"=:=J. .,q----Jw J..-.:=----

Date

.(_ 1 _/ ' ,_!J,

Director - -- _ _ _

distributed by