Restricted Securities

21 December 2016

                                               RESTRICTED SECURITIES
Ausnet Financial Services Limited (formerly Namibian Copper Limited) (the Company) confirms that following
reinstatement to quotation of the Company’s securities on the ASX, the following securities will be subject to escrow
for the period outlined below.

                                Securities restricted for 24 months from date of quotation
                    Equity Instrument                                                              No.

                    Fully Paid Ordinary Shares                                               44,285,100

                    Performance Shares – Vendor                                              20,283,097

                    Performance Shares – Incentive                                           46,666,667

                    Options – Exercise price: $0.15
                              Expiry date: 30 April 2019                                      5,000,000
                              Issued to: Richmond Advisory
                    Options – Exercise price: $0.04
                              Expiry date: 3 years from settlement of the offer              51,666,667
                              Issued to: Joint Lead Managers

                                   Securities restricted for 12 months from date of issue
                   Equity Instrument                                                               No.

                   Fully Paid Ordinary Shares                                                 6,463,014

                   Performance Shares                                                        46,383,570

Jay Stephenson
COMPANY SECRETARY

Ausnet Financial Services Limited ABN 118 913 232
Registered Office
Suite 12, Level 1, 11 Ventnor Avenue
PO Box 52, West Perth WA 6872
Tel: +61 8 6141 3500 | Fax: + 61 8 6141 3599