Appendix 3B Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities and agreement

Information 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

Name of entity

Oldfields Holdings Limited

ABN

92 000 307 988

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to
be issued

Ordinary


2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

56,043,605


3 Principal terms of the

+securities (eg, if options,

exercise price and expiry date; if partly paid +securities, the amount outstanding and due
dates for payment; if

+convertible securities, the

conversion price and dates for
conversion)

Fully paid ordinary shares

+ See chapter 19 for defined terms.

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Appendix 3B New issue announcement



4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes


5 Issue price or consideration $0.10
6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)

Issued as consideration for the reduction of debt so as to comply with the company's institutional bankers facility agreement.



6a Is the entity an +eligible entity
that has obtained security No
holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i


6b The date the security holder resolution under rule 7.1A was passed

N/A


6c Number of +securities issued without security holder approval under rule 7.1

N/A

+ See chapter 19 for defined terms.

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Appendix 3B New issue announcement



6d Number of +securities issued with security holder approval under rule 7.1A

N/A


6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

N/A


6f Number of securities issued
under an exception in rule 7.2 N/A

6g If securities issued under rule
7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

N/A


6h If securities were issued under rule 7.1A for non-­