H3 ENERGY LIMITED — Proxy Solicitation & Information Statement 2011

Oct 27, 2011

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----- Start of picture text ----- ABN 68 079 432 796----- End of picture text -----

October 28, 2011

Updated Proxy Form

Transerv Energy Limited (ASX: TSV) advises that an updated Proxy Form for the Annual General Meeting to be held on 18 November 2011 is attached to this notice and is being dispatched to shareholders today with an accompanying letter.

To obtain a copy of the updated Proxy Form, please visit the Company’s website www.transerv.com.au under Investor Centre on the home page.

Sophie Raven Company Secretary

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ABN 68 079 432 796

28 October 2011

Dear Shareholder,

Notice of Annual General Meeting - Proxy Form

The Notice of Annual General Meeting dated 18 October 2011 included a Proxy Form that did not contain adequate space for shareholders to insert their name and contact details.

Enclosed is an alternate Proxy Form that can be used by shareholders.

Shareholders may continue to use the Proxy Form attached to the Notice of Annual General Meeting dated 18 October 2011 provided that shareholders insert their name and contact details so that they can be identified on the share register.

If you have already lodged a Proxy Form it will not be invalid provided you have inserted your name and contact details. Alternatively, you may lodge the attached Proxy Form which will replace the original Proxy Form.

Please contact the Company Secretary if you have any questions.

Yours faithfully,

Sophie Raven

Company Secretary

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TRANSERV ENERGY LIMITED ABN 68 079 432 796

PROXY FORM

The Company Secretary Transerv Energy Limited

By delivery:	By post:	By facsimile:
Ground Floor	P.O. Box 1100	+61 8 6313 5799
1292 Hay Street	West Perth WA 6872
West Perth WA 6005
Name of
Shareholder:
Address of
Shareholder:
Number of Shares
entitled to vote:
Please mark� to indicate your directions. Further instructions are provided overleaf.

Proxy appointments will only be valid and accepted by the Company if they are made and received no later than 48 hours before the Meeting.

Step 1 - Appoint a Proxy to Vote on Your Behalf

I/We being Shareholder/s of the Company hereby appoint:

The Chairman of OR if you are NOT appointing the Chairman of the the Meeting (mark � Meeting as your proxy, please write the name of the box) person or body corporate (excluding the registered shareholder) you are appointing as your proxy

or failing the person/body corporate named, or if no person/body corporate is named, the Chairman of the Meeting, as my/our proxy to act generally at the meeting on my/our behalf, including to vote in accordance with the following directions (or, if no directions have been given, and to the extent permitted by law, as the proxy sees fit), at the Meeting of the Company to be held at 2.00 pm (WST time) on Friday, 18 November 2011, at Ground Floor, 1292 Hay Street, West Perth, Western Australia and at any adjournment or postponement of that Meeting.

Important – If the Chairman of the Meeting is your proxy or is appointed your proxy by default

By marking the box below, you are directing the Chairman of the Meeting to vote in accordance with the Chairman's voting intentions as set out below and in the Notice of Meeting. If you do not mark the box below, and you have not directed the Chairman of the Meeting how to vote on Resolution 1, the Chairman of the Meeting will not cast your votes on Resolution 1 and your votes on Resolution 1 will not be counted in computing the required majority if a poll is called on this Resolution. If you appoint the Chairman of the Meeting as your proxy you can direct the Chairman how to vote by either marking the boxes in Step 2 below (for example if you wish to vote against or abstain from voting) or by marking the box below (in which case the Chairman of the Meeting will vote in favour of Resolution 1).

The Chairman of the Meeting intends to vote all available proxies in favour of Resolution 1.

� I/We direct the Chairman of the Meeting to vote in accordance with the Chairman's voting intentions on Resolution 1 (except where I/we have indicated a different voting intention below) and acknowledge that the Chairman of the Meeting may exercise my proxy even though Resolution 1 is connected directly or indirectly with the remuneration of a member of Key Management Personnel.

Step 2 - Instructions as to Voting on Resolutions

The proxy is to vote for or against the Resolutions referred to in the Notice as follows:

			For	For	Against Abstain	Against Abstain
Resolution	1	Approval of Remuneration Report
Resolution	2	Re-election of Director – Mr Brett Mitchell
Resolution	3	Re-election of Director – Mr William Bloking
Resolution	4	Ratification of Prior Issue of Options

The Chairman of the Meeting intends to vote all available proxies in favour of each Resolution.

Authorised signature/s

This section must be signed in accordance with the instructions overleaf to enable your voting instructions to be implemented.

Individual or Shareholder 1	Shareholder 2	Shareholder 3
Sole Director and Sole Company	Director	Director/Company Secretary
Secretary
_________________________	_______________________	___________________
Contact Name	Contact Daytime Telephone	Date

Proxy Notes:

A Shareholder entitled to attend and vote at the Meeting may appoint a natural person as the Shareholder's proxy to attend and vote for the Shareholder at that Meeting. If the Shareholder is entitled to cast 2 or more votes at the Meeting the Shareholder may appoint not more than 2 proxies. Where the Shareholder appoints more than one proxy the Shareholder may specify the proportion or number of votes each proxy is appointed to exercise. If such proportion or number of votes is not specified each proxy may exercise half of the Shareholder's votes. A proxy may, but need not be, a Shareholder of the Company.

If a Shareholder appoints a body corporate as the Shareholder's proxy to attend and vote for the Shareholder at that Meeting, the representative of the body corporate to attend the Meeting must produce the Certificate of Appointment of Representative prior to admission. A form of the certificate may be obtained from the Company's share registry.

You must sign this form as follows in the spaces provided:

Joint Holding: where the holding is in more than one name all of the holders must sign. Power of Attorney: if signed under a Power of Attorney, you must have already lodged it with the registry, or alternatively, attach a certified photocopy of the Power of Attorney to this Proxy Form when you return it.

Companies: a Director can sign jointly with another Director or a Company Secretary. A sole Director who is also a sole Company Secretary can also sign. Please indicate the office held by signing in the appropriate space.

If a representative of the corporation is to attend the Meeting the appropriate 'Certificate of Appointment of Representative' should be produced prior to admission. A form of the certificate may be obtained from the Company's Share Registry.

Proxy Forms (and the power of attorney or other authority, if any, under which the Proxy Form is signed) or a copy or facsimile which appears on its face to be an authentic copy of the Proxy Form (and the power of attorney or other authority) must be deposited at or received by facsimile transmission at the office of the Company at Ground Floor, 1292 Hay Street, West Perth, Western Australia, or by post to P.O. Box 1100, West Perth WA 6872, or facsimile (08) 6313 5799 if faxed from within Australia or +61 8 6313 5799 if faxed from outside Australia), not less than 48 hours prior to the time of commencement of the Meeting (WST).