FAR LIMITED — Capital/Financing Update 2012

Mar 6, 2012

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7 March 2012

ASX ANNOUNCEMENT AND MEDIA RELEASE

RECEIPT OF US$3 MILLION FROM SALE OF CHINA ASSET

FAR is pleased to announce that it has received the US$3 million second tranche payment due in respect of the Company’s sale of its interest in Beibu Gulf Block 22/12, offshore China.

A final payment of US$3 million is payable to FAR on the project producing 1 million barrels of oil gross. Recent reports from the Operator, ROC Oil Company, indicate that first oil production is expected by the end of 2012.

For further information, please contact:

Perth Office Michael Evans Executive Chairman Phone +61 8 9380 6181 Fax +61 8 9380 6640

Melbourne Office

Cath Norman Managing Director Phone +61 3 9618 2550 Fax +61 3 9620 5200

www.far.com.au info@far.com.au

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