IGO LIMITED — Capital/Financing Update 2011

Jun 13, 2011

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10 June 2011

The Manager Company Announcements Office Australian Stock Exchange Limited

Dear Sir/Madam

COMPLETION OF COMPULSORY ACQUISITION OF OUTSTANDING SHARES IN JABIRU METALS LIMTIED

Independence Group NL ( Independence ) is pleased to announce that it has now completed compulsory acquisition of the remaining shares in Jabiru Metals Limited ( Jabiru ) which it did not already own.

In accordance with the Corporations Act, the Independence shares to be issued as consideration for the Compulsory Acquisition have been issued to Jabiru to hold on trust for the former Jabiru shareholders (and in the case of Foreign Shareholders, issued to the nominee for sale, with the proceeds to be held on trust).

Former Jabiru shareholders whose Jabiru shares were acquired under the compulsory acquisition process will be posted a claim form which they will need to complete and return in order to claim the consideration due to them.

Yours faithfully INDEPENDENCE GROUP NL

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Kelly Ross

Company Secretary

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