Brockman Mining Limited — M&A Activity 2011

Jun 9, 2011

ASX Stock Code: WNI

==> picture [197 x 62] intentionally omitted <==

==> picture [122 x 16] intentionally omitted <==

10 June 2011

WAH NAM INTERNATIONAL HOLDINGS LIMITED (WNI) BID FOR BROCKMAN RESOURCES LIMITED (BRM) TO CLOSE 15 JUNE 2011

Wah Nam International Holdings Limited ( Wah Nam ) advises that the bid for Brockman Resources Limited ( Brockman ) will close on 15 June 2011 and will not be extended beyond this date.

This means that Brockman shareholders who wish to accept the offer, must do so before 4:00pm (WST) on Wednesday, 15 June 2011.

Update on Wah Nam

Wah Nam advises that it has commenced discussions with the Brockman board and is pleased with the progress to date.

Wah Nam continues to believe the intentions set out in the bidder's statement will provide significant value to accepting Brockman shareholders and that the reasons to accept the offer are compelling.

Wah Nam looks forward to welcoming more Brockman shareholders as Wah Nam shareholders.

Minority Shareholder

Wah Nam has a controlling shareholding (currently 53.40%) in Brockman.

Accordingly, shareholders who decide to remain Brockman shareholders should be mindful of the implications of being a minority shareholder in a company with a controlling shareholder. As outlined by Brockman in its target's statement, these implications include the following:

• Wah Nam is in a position to cast the majority of votes at a general meeting of Brockman enabling it to control, amongst other things, the composition of Brockman's board and senior management; and

• the liquidity of Brockman shares will be significantly lower than was the case at the beginning of the offer period.

In addition, as noted in the target's statement, Brockman's share price may fall immediately following the end of the takeover offer as it will no longer contain any takeover premium relating to the offer.

==> picture [333 x 21] intentionally omitted <==

ASX Stock Code: WNI

==> picture [197 x 62] intentionally omitted <==

==> picture [122 x 16] intentionally omitted <==

Wah Nam encourages Brockman shareholders who have not yet accepted to consider the implications of being a minority shareholder in Brockman and to accept the offer as soon as possible.

==> picture [81 x 62] intentionally omitted <==

Chan Kam Kwan Jason

Director

Wah Nam International Holdings Limited

For media enquiries please contact:

Tim Duncan or Angus Urquhart, Hintons, (03) 9600 1979

==> picture [333 x 21] intentionally omitted <==