Murchison : 29-12-2015Appendix 3B

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Appendix 38

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 'sproperty and may be made pub lic.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, n/03/02, 01/01/03, 24/10/05, 01/08/12 , 04/03/,3

Name of entity

f URCHISON HOLDINGS LIMITED

ABN

f 04 707 260

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.

2.

3.

4.

Options (Expired)

Options Options

1 +Class of +securities issued or to be issued

Ordina

aid shares (cancelled

2 Number of +securities issued or 1. to be issued (if known) or 2. maximum number which may 3. be issued 4.

+ See chapter 19 for defined terms.

1,006,000

820,000

186,000

(80,631) (cancelled)

Appendix 3B Page 1

1. Murchison Holdings Limited Directors' Options (20 I 0) (Expired)

   Grant Date: 26 November 2010 Exercise Price: $0.42 each Expiry Date: 26 November 2015

2. Murchison Holdings Limited Directors' Options (2015)

   Grant Date: 4 December 2015 Exercise Price: $0.30 each Expiry Date: 4 December 2020

3. Murchison Holdings Limited Employee Retention Option Scheme (2015)

   Grant Date: 4 December 2015 Exercise Price: $0.30 each Expiry Date: 4 December 2020

4. Ordinary fully paid shares cancelled correcting the duplication of shares issued under the Murchison Holdings Limited Dividend Reinvestment Plan on or about 24 December 2010

3 Principal terms of the

+securities (e.g. 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)

+ See chapter 19 for defined terms. Appendix 38 Page 2

1. No

2. No

3. No

4. Yes

1. Options over unissued shares expired in accordance with the terms and conditions of the Murchison Holdings Limited Directors ' Options Scheme (2010)

2. Options over unissued shares may only be exercised in accordance with the terms and conditions of the Murchison Holdings Limited Directors' Options Scheme (2015). Upon exercise of the options and the issue of the shares, the shares will rank equally with existing shares.

3. Options over unissued shares may only be exercised in accordance with the terms and conditions of the Murchison Holdings Limited Employee Retention Option Scheme (2015). Upon exercise of the options and the issue of the shares, the shares will rank equally with existing shares.

1. Do the +securities rank equally in all respects from the +issue date 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

     
     

   • Nil issue price as the options were issued in lieu of remuneration and expired through lapse of time.

   • Nil issue price as the options were issued in lieu of remuneration.

   • Nil issue price as the options were issued in lieu of remuneration.

   • Cancellation of Ordinary fully paid shares correcting the duplication of shares issued under the Murchison Holdings Limited Dividend Reinvestment Plan on or about 24 December 2010

2. Issue price or consideration




6 Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)




+ See chapter 19 for defined terms.




1. Options expired in accordance with the terms and conditions of the Murchison Holdings Limited Directors' Options Scheme (2010).

2. Options issued in accordance with the Murchison Holdings Limited Directors' Option Scheme (2015)

3. Options issued in accordance with the Murchison Holdings Limited Employee Retention Option Scheme (2015)

4. Cancellation of Ordinary fully paid shares correcting the duplication of shares issued under the Murchison Holdings Limited Dividend Reinvestment Plan on or about 24 December 2010

Appendix 3B Page 3




Not applicable

6a Is the entity an +eligible entity that has obtained security holder approval under rule

7.IA.?




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.IA. was passed




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

issued holder




6d Number of +securities issued I

with security holder approval

under rule 7.IA. . --'




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




6f Number of +securities issued under an exception in rule 7.2




6g If +securities issued under rule 7.IA., was issue price at least 75% of 15 day VWAP as calculated under rule 7.IA..3? Include the +issue date and both values. Include the source of the VWAP calculation.




6h If+securities were issued under rule 7.IA. for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements




6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.IA. complete Annexure 1 and release to ASX Market Announcements







+ See chapter 19 for defined terms. Appendix 3B Page 4