Updated Capital Structure

19 December 2016

                                       STATEMENT OF CAPITAL STRUCTURE
The capital structure of Ausnet Financial Services Limited (formerly Namibian Copper Limited) (the Company)
following completion of the acquisition of Veriluma Pty Ltd and the issue of securities pursuant to Company’s
prospectus dated 30 September 2016 (the Prospectus) as amended by the supplementary prospectus dated 17
October 2016:

                                                                                             Performance
                                                                                                                     (1)
                                                                                Shares             shares     Options
                                                                                   No.                No.           No.

  Capital on issue as at date of Prospectus                                87,793,034                  -    24,076,072

  Issued as consideration to the shareholders of Ausnet                200,000,000           66,666,667              -

  Issued Incentive Performance Shares                                               -        46,666,667              -

  Issued under the prospectus in accordance with the public offer      290,000,000                     -             -

  Issued to Advisors of the Company                                         5,000,000                  -     5,000,000

  Issued to Joint Lead Managers / Underwriters                                      -                  -    51,666,667

  TOTAL                                                                582,793,034       113,333,334        80,742,739

(1)
      Options are exercisable on the following terms:
      Option Series                                             Exercise
                                                     Options       Price          Exercise
                                                          No.          $             Date
      Existing options                            24,076,072      0.150      30 April 2019

      Advisor options                              5,000,000      0.150      30 April 2019
                                                                                             #
      Joint Lead Manager options                  51,666,667      0.040 December 2019
      TOTAL OPTIONS                               80,742,739
      #
          3 years from the date of Settlement of the Offer

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