ABN 14 000 317 251

MARKET RELEASE 2 October 2017 Update on CuDeco Loan Facilities and Repayment of Debt

CuDeco Limited (ASX: CDU) ("CuDeco") is pleased to advise that the following transactions and agreements have now been actioned:

  1. CuDeco has received US$20 million from Mitsui & Co., Ltd in accordance with the Copper Concentrate Sales Agreement announced on 26 September 2017;

  2. CuDeco has today repaid US$15 million to China Minsheng Banking Corporation Limited being the repayment due on 30 September 2017; and

  3. CuDeco has today secured an extension of the HK$80 million (approx. A$13m) which is due for repayment on 30 September 2017. The extension has been granted until 31 October 2017, to allow CuDeco time to progress its negotiations for a longer term restructured complete financing facility.

Following the above transactions and grant of extension, CuDeco has the following loan facilities in place:

  1. China Minsheng Banking Corporation Limited - US$15m (approx. A$19.1m) due for repayment on 31 December 2017. This is the total amount currently owing on this facility.

  2. Short Term Loan Facility (as extended today) - HK$80m (approx. A$13m) due for repayment on 31 October 2017.

  3. Secured Term Loan Facility Agreement - HK$40m (approx. A$6.5m) due for repayment on 10 January 2018.

  4. Loan from Sinosteel Equipment & Engineering Co. Ltd totaling AU$27.5m repayable by 31 December 2018 under a formal Deed of Remediation dated 24 March 2017.

In addition to the above loan facilities, CuDeco has a AU$22m Convertible Note facility with Gemstone 101 Ltd which is repayable or convertible by 21 April 2019.

CuDeco continues to progress negotiations with a number of parties to secure a longer term restructured complete financing facility.

On behalf of the Board ENDS

Head Office

Suite 11A, Level 11, 100 Edward Street, Brisbane, 4000 Australia Tel.+61 7 3210 5900

Email admin@cudeco.com.au www.cudeco.com.au

Cloncurry Operations

Corella Park Road, Cloncurry Queensland 4824 Australia

P.O. Box 530, Cloncurry, QLD 4824 Tel.+61 7 4742 4800 Email cloncurry@cudeco.com.au www.cudeco.com.au

CuDeco Limited published this content on 03 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 October 2017 00:39:07 UTC.

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