SERPENTINE TECHNOLOGIES LIMITED (S3R)

name changed to K-TIG Limited

we understand that on or about this date the company consolidated its shares 1 for 57

The company releases a notification of consolidation. Shareholders get 1 share for every 57 presently owned.

The company provides an update on the acquisition of K-TIG. Offer to raise up to $7 million as part of the acquisition of industry disrupting welding technology company K-TIG Limited receives significant interest. Alto Capital, Lead Manager, has received firm commitments of $7 million with bids received from institutional investors, high net worth and retail investors. Completion of the acquisition is anticipated to take place in September 2019 subject to customary ASX conditions. Shares are anticipated to be reinstated under ticker "˜ASX: KTG'. Mr David Williams joins K-TIG as CEO bringing over 20 years of corporate leadership experience across resources, oil and gas, and industrials sector. K-TIG intends to implement a Welding-as-a-Service business licencing model appealing to a broader range of customers and providing the ability to easily scale operations, having proven the technology with a number of major customers.

The company releases an Appendix 4G.

The company lodges its Appendix 4E and Annual Financial Report.

The company issues a replacement prospectus for an offer of up to 35,000,000 Shares at an issue price of $0.20 each to raise up to $7,000,000 (before costs. The minimum subscription under the public offfer is 25,000,000 Shares to raise $5,000,000 (before costs).

The company releases the results of its meeting.

ASX has granted the company waivers from Listing Rules 7.3.2 and 10.13.3.

The company issues a prospectus for an offer of up to 35,000,000 shares at an issue price of $0.20 each to raise up to $7,000,000 (before costs). The minimum subscription under the public offer is 25,000,000 shares to raise $5,000,000 (before costs).

The company lodges an Appendix 4C - quarterly.

The company releases a notice of general meeting. The meeting will be held at Ground Floor, 16 Ord Street, West Perth, Western Australia on 15 August 2019 at 9.30am (WST).

The company lodges an Appendix 4C - quarterly.

Serpentine signs binding agreement to acquire Australian-based precision fabrication technology business, K-TIG. K-TIG owns all rights, title and interest to industry award winning proprietary patented technology developed by the CSIRO. Serpentine to undertake a capital raising of at least $5 million. The funds raised will be used to support the continued global expansion of the K-TIG business, fund further research and development on new applications for the technology, provide working capital, and for the costs of the acquisition. .

Existing listed options in the company with the ASX ticker S3ROA will lapse unless they ar exercises on or before 30 June 2019. The options have an exercise price of 5 cents and an expiry date of 30 June 2019. The company's share price has traded in the rang eof 0.2 cents to 0.5 cents in the past three months. The company has requested and been granted a waiver for the requirement to send out a notice of expiry to option holders under ASX Listing Rule 6.24 given the current market price of ordinary shares is significantly lower than the option exercise price. Therefore an expiry notice will not be mailed to option holders unless the share price exceeds 3.75 cents prior to 30 June 2019.

The company has entered into a non-binding term sheet to acquire 100% of Keyhole TIG Limited.

The securities of Serpentine Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of S3R. The Company's securities will remain suspended pending compliance with Chapters 1 and 2 of the Listing Rules.

The suspension of trading in the securities of Serpentine Technologies Limited will be lifted immediately, following the release by the Company of its half year accounts.

The company lodges its Half Yearly Report and Accounts.

The securities of Serpentine Technologies Ltd will be suspended from official quotation immediately, at the request of the Company pursuant to listing rule 17.2, pending the release of its half yearly accounts.

name changed from Kabuni Ltd