MACRO METALS LIMITED — Capital/Financing Update 2012

Sep 26, 2012

27 September 2012

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Company Announcements Platform Australian Securities Exchange Perth WA

Grant of ASX Waiver

In specie distribution of Energio shares by TGP Australia Limited

Energio Limited (ASX: EIO) (“Energio” or the “Company”) hereby advises that the Australian Securities Exchange (“ASX”) has today granted a waiver to the Company from Listing Rule 9.7 in respect of 85,766,667 ordinary shares of the Company (“Consideration Shares”) held by TGP Australia Limited (“TGP”) and subject to escrow until 15 March 2014, to enable TGP to make a pro rata in specie distribution of the Consideration Shares to all TGP shareholders (“In Specie Distribution”).

The waiver is granted by the ASX on the following conditions:

1. TGP shareholders approve the In Specie Distribution in accordance with section 256C(1) the Corporations Act 2001 (Cth);

2. All the Consideration Shares are distributed by TGP to its shareholders, such that TGP holds no shares in the Company following completion of the In Specie Distribution;

3. The Consideration Shares continue to be held in escrow from the effective date of the In Specie Distribution until 15 March 2014, and the Company obtains an appropriate undertaking from its share registry in accordance with listing rule 9.5;

4. 4 The Company and every TGP shareholder and, where applicable, the controller of each TGP shareholder, enter into new restriction agreements in respect of the Consideration Shares to be distributed to each TGP shareholder, and the Company provides copies of correctly executed restriction agreements to ASX in respect of all the Consideration Shares, before any Consideration Shares may be transferred to any TGP shareholder;

5. The Company immediately announces details of the proposed In Specie Distribution to the market, including the number of Consideration Shares to be distributed by TGP to its shareholders, and the fact that the Consideration Shares are to remain subject to escrow until 15 March 2014; and

6. The Company makes an announcement regarding completion of the In Specie Distribution following despatch of the Consideration Shares to TGP shareholders.

Energio Limited ABN 28 001 894 033 ASX: EIO

PO Box 1934 Telephone: +61 8 9200 3456 West Perth Western Australia 6872 Facsimile: +61 8 9200 3455 Australia Website: www.energio.net.au

13 Colin Street West Perth Western Australia 6005 Australia

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TGP is currently the largest shareholder of the Company, holding 35.78% of its issued capital. The Consideration Shares will continue to be subject to escrow until 15 March 2014 following the In Specie Distribution.

In accordance with the conditions of the waiver, the Company will announce details of the proposed In Specie Distribution by TGP as they become available.

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Shane Volk Company Secretary