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BPH ENERGY LTD Capital/Financing Update 2010

Dec 2, 2010

64555_rns_2010-12-02_0c44b574-6d50-4cf4-b760-fde3e89c8863.pdf

Capital/Financing Update

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BPH Corporate Ltd (ASX: BPH) ASX Announcement

3 December 2010

Companies Announcements Office Australian Securities Exchange Limited 10[th] Floor, 20 Bond Street SYDNEY NSW 2000

Dear Shareholder,

FINAL OFFER PRICE

The Directors are pleased to provide shareholders with an update on the final offer price for the recent capital raising.

The final price has been calculated at 80% of the Volume Weighted Average over the 5 days trading days prior to issue date and has been determined to be 22.6 cents per share post consolidation of BPH Corporate’s Securities.

BPH will provide further information on the raising once all deposits and applications have been processed.

Yours faithfully,

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Deborah Ambrosini Executive Director

BPH Corporate Limited ACN 095 912 002 PO Box 317, North Perth Western Australia 6906 14 View Street, North Perth Western Australia 6006 [email protected] www.bphcorporate.com.au

T: +61 8 9328 8366 F: +61 8 9328 8733