FORESTA GROUP HOLDINGS LIMITED — Capital/Financing Update 2012

Apr 4, 2012

==> picture [595 x 96] intentionally omitted <==

Australian Securities Exchange Announcement

4 April 2012

Leaf Energy Entitlement Offer – Results

LEAF ENERGY RAISES A$517,267 UNDER ENTITLEMENT OFFER

Brisbane, Australia. – Leaf Energy Limited (“ LER ” or the “ Company ”) refers to recent announcements regarding its Entitlement Offer which closed on Friday 30 March 2012. LER is pleased to announce that it has successfully raised A$517,267 under the Entitlement Offer. All valid applications have been accepted in full.

In accordance with the revised timetable announced by LER on 29 February 2012, the Entitlement Offer shares are expected to be issued as follows:

Allotment of New Shares under the Entitlement Offer	11 April 2012
Normal trading of New Shares commences on ASX	12 April 2012

In accordance with the Entitlement Offer Booklet dated the 9 March 2012, the Directors reserve the right to place the shortfall of 17,860,344 shares within three months of the Closing Date, 29 June 2012.

ENDS

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

This announcement has been prepared for publication in Australia and may not be distributed or released in the United States. This announcement does not constitute an offer of shares for sale in the United States or in any other jurisdiction in which such an offer would be illegal. The new shares the subject of the SPP have not been, and will not be, registered under the US Securities Act of 1933 and, accordingly, may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of such Act and applicable US state securities laws.

The securities to be issued under the SPP have not been, and will not be, registered under the US Securities Act of 1933. Securities may not be offered or sold in the United States or to US persons unless the securities have been registered under the Securities Act or an exemption from registration is available.

About Leaf Energy (ASX:LER)

LER is an Australian technology company primarily focused on creating a leading bio-energy business emanating primarily from the production of biofuels and high value commercial proteins, and or, enzymes.

Contacts

Ken Richards (Managing Director & CEO) M: +61403 385 051

Dr Mel Bridges (Chairman) M: +61 413 051 600

6425421/2