Hardman Receives 91.12% Response from Share Issue

Hardman Resources reports that valid acceptances received for the current Shareholder Entitlement Issue totaled 73,457,208 shares. These acceptances represent 91.12% of theshares eligible to participate in the Issue.

The shortfall of 7,157,921 shares has been notified to the Placement Managers, Macquarie Equity Capital Markets Limited and Oriel Securities Limited. The shortfall shares will be offered pro-rata to the placees (participants in the placement which preceded the Entitlement Issue excluding Woodside), as advised in the Entitlement Issue Prospectus.

The new shares have been issued and allotted and rank pari passu with existing ordinary shares on issue. The Company's revised issued capital following the issue and allotment of these shares is 632,640,648.

The Company also advises its intention to issue 800,000 new shares to Woodside, which is the number of additional shares required to achieve Woodside's target shareholding of 10.5%, at the conclusion of the Entitlement Issue.