Announcement PDF ASX Code: SHE ASX Code: SHE 14 December 2015 Clarification of 2 November 2015 ASX Release Further to the Company’s announcement of 2 November 2015, by way of clarification, the Company advises that in respect of the minimum raising amount of $2.5 million for the public offer (Public Offer) which is made under a prospectus dated 25 November 2015, together with a first supplementary prospectus dated 27 November 2015 and a second supplementary prospectus dated 14 December 2015 (together, Prospectus) and pursuant to section 734(5) and 734(6) of the Corporations Act 2001: - The Prospectus relating to the Public Offer has been lodged; - The Prospectus is available on the Company’s website at: www.stonehengemetals.com.au/prospectus.aspx; - Prospective investors must consider the Prospectus when making a decision to invest; and - Prospective investors wishing to apply for Shares and attaching options under the Public Offer must complete and submit the Public Offer Application Form accompanying the Prospectus. For further information see www.stonehengemetals.com.au, or www.proteanwaveenergy.com or contact: Stonehenge: Bruce Lane – Managing Director T: + 61 8 9481 2276 E: blane@stonehengemetals.com.au Media Queries: Fran Foo - Media & Capital Partners T: +61 416 302 719 E: fran.foo@mcpartners.com.au Page 1 of 1