BPH ENERGY LTD — Capital/Financing Update 2010

Dec 2, 2010

ABN 41 095 912 002

==> picture [227 x 122] intentionally omitted <==

3 December 2010

By e-lodgement

FOR IMMEDIATE RELEASE

Amended Indicative Timetable

Please note the following amended indicative timetable to update the version included in the prospectus dated 19 November 2010.

Event	Business Day	Date
Offer Closing Date	-1	2 December 2010
Date of general meeting (securities suspended fromtrading)ASX notified that shareholder approval has been granted	0	3 December 2010
Date that would ordinarily be the last day for trading in pre-consolidation securities	1	6 December 2010
Date that securities would ordinarily commence trading ona deferred settlement (post-consolidation) basis*	2	7 December 2010
Last day for BPH to register transfers on a pre-consolidationbasis	6	13 December 2010
First day for BPH to send notice to each security holderFirst day for BPH to register securities on a post-consolidationbasisFirst day for issue of new holding statements	7	14 December 2010
Dispatch date – deferred settlement market ends*Last day for BPH to send notice to each security holder	11	20 December 2010
Normal T+3 trading on a post-consolidation basiscommences (subject to satisfaction of Chapters 1 and 2 ofthe ASX Listing Rules)	12	21 December 2010

• As the Company’s securities will be suspended from trading, deferred settlement trading will not occur.

Yours faithfully

BPH Corporate Ltd

Deborah Ambrosini Director and Company Secretary