Entitlement Offer

Panoramic is undertaking a fully underwritten pro-rata renounceable entitlement offer (Offer) of new fully paid ordinary shares in the Company (New Shares) at an issue price of 34.0 cents per New Share

• Under the Offer, approximately 61.4 million New Shares will be issued on a 1 for 7 basis to raise approximately $20.9 million, before costs
• The Entitlement Offer is renounceable which means you can sell your Entitlements
• Entitlements may be traded on ASX from 31 January 2018 to 14 February 2018
• Shareholders who do not take up their Entitlements and choose not to realise value, if any, for their Entitlements by selling their Entitlements on the ASX will have their Entitlements lapse