BPH ENERGY LTD — Capital/Financing Update 2010

Sep 2, 2010

==> picture [171 x 81] intentionally omitted <==

BPH Corporate [ASX: BPH] ASX Announcement

3 September 2010

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

Dear Sir/Madam,

BPH Corporate Ltd Non Renounceable Rights Issue – Notice of Under Subscriptions

BPH Corporate Ltd (“BPH”) is pleased to advise that the Non Renounceable Rights Issue closed on 31 August 2010.

BPH wishes to advise that eligible Shareholders subscribed for 32,563,065 Shares, including shortfall shares, at an issue price of 8 cents per share. The total funds received from this issue were $2,605,045.

The Directors are yet to make an allotment of the Shares representing the remaining Shortfall. These Shares will be dealt with under the terms of the underwriting agreement.

Allotment and issue of the Shares is expected to take place on Monday 6[th] of September 2010.

The Directors wish to thank all eligible shareholders for their continued support.

Yours sincerely,

==> picture [127 x 46] intentionally omitted <==

David Breeze Chairman

For more information contact: Ms Deborah Ambrosini Director / Company Secretary BPH Corporate Limited Tel: +61 8 9328 8366

BPH Corporate Limited ACN 95 912 002 PO Box 317, North Perth Western Australia 6906 14 View Street, North Perth Western Australia 6006 admin@biopharmica.com.au www.biopharmica.com.au

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