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Quickflix Announces Non-Renounceable Rights Issue
Friday July 3, 2009, 8:52 am

Original Announcement: Non-Renounceable Rights Issue

Quickflix announced that it will be offering eligible shareholders the opportunity to acquire additional FPO shares in the capital of the Company via a fully underwritten non-renounceable Rights Issue on the basis of 1 Share for every 6 Shares held at the record date of 13 July 2009. Shares under the Rights Issue will be offered at 5.0 cents per Share - a discount of approx. 28.5%. The number of Shares which will be issued under the Rights Issue is approx. 24.9m. Acceptances close on 31 July 2009. Funds raised will be used for the acquisition of new subscribers to the Company's online DVD rental service through cost-effective marketing and associated investment in its DVD library and for working capital.

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