INVICTUS ENERGY LTD — M&A Activity 2015

Dec 16, 2015

ASX Announcement 17 December 2015

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INDICATIVE PROPOSAL WITHDRAWN

As previously announced on 29 July 2015 Sunbird Energy Ltd (ASX: SNY) received an indicative nonbinding proposal from Glendal Power & Industries Proprietary Limited (“ Glendal ”) to undertake a potential takeover bid of all of the shares of Sunbird (“The Proposal”). The Proposal was subject to a number of conditions including due diligence, third party financing arrangements and Glendal achieving a minimum relevant interest in at least 51% of the aggregate of all Sunbird shares on issue on a fully diluted basis.

Glendal has informed the Board of Sunbird that it has withdrawn the Proposal and discussions in relation to the Proposal between the parties have ceased.

No action is required by SNY security holders.

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For further information please visit www.sunbirdenergy.com or contact:

Kerwin Rana Chairman, Sunbird Energy Ltd

Tel: +27 11 484 5005

Sunbird Energy Ltd – ACN 150 956 773 Level 1, 50 Ord Street, West Perth, WA 6005 www.sunbirdenergy.com T: +61 (0) 8 9463 3260 F: +61 (0) 8 9462 6630

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