BPH ENERGY LTD — Capital/Financing Update 2011

Oct 16, 2011

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17 October 2011

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

Dear Sir/Madam,

UPDATED CAPITAL STRUCTURE

Following the expiry of 250,000 unquoted options, the Company wishes to update the market on its revised capital structure:

Quoted Securities

Ordinary Fully Paid Shares 172,559,590

Quoted Options

Options exercisable at 20c on or before 8 December 2011 issued under the Prospectus – 10,188,586

Unquoted Securities

• Options exercisable at $0.894 and expiring 31 December 2014 – 1,500,000

• Options issued under employee incentive scheme exercisable at the average amount determined by the market price for the 5 days prior to exercise expiring 29 April 2013 –250,000

• Options issued under employee incentive scheme exercisable at $0.294 expiring 1 June 2013 – 1,125,000

• Options issued under employee incentive scheme exercisable at $0.294 expiring 16 December 2013 – 500,000

• Options issued under employee incentive scheme exercisable at $0.594 expiring 29 September 2014 – 75,000

• Options issued under employee incentive scheme exercisable at $0.16 expiring 21 January 2016 – 625,000

BPH Energy Limited ACN 095 912 002 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

Yours Sincerely

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Deborah Ambrosini Director and Company Secretary