PACIFIC RESOURCES LIMITED — Capital/Financing Update 2012

Feb 16, 2012

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MARKET RELEASE

17 February 2012

Coalbank Limited

TRADING HALT

The securities of Coalbank Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Tuesday, 21 February 2012 or when the announcement is released to the market.

Security Code:

CBQ

Simon O’Brien Senior Adviser, Listings (Brisbane)

CBQ2012.02.17mr_th-sjo

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17 February 2012

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Mr Simon O’Brien Manager, Listings (Brisbane) Australian Securities Exchange Limited Level 5, Riverside Centre 123 Eagle Street BRISBANE QLD 4001

Dear Simon,

REQUEST FOR TRADING HALT

Pursuant to listing rule 17.1, we request a trading halt in respect of the shares of COALBANK LIMITED (ASX: CBQ) , and provide ASX with the following information:

• COALBANK requests the trading halt because it is currently negotiating a capital raising involving the possible issue of securities representing more than 10% of its issued capital, but is not able to make an immediate announcement in respect of the transaction/capital raising as negotiations are confidential and not finalised.

• COALBANK requests that the trading halt last until the commencement of trading on Monday, 20 February 2012.

• The event that COALBANK expects to happen that will end the trading halt is an announcement in relation to the completion of the proposed capital raising.

• COALBANK is not aware of any reason why the trading halt should not be granted.

• COALBANK does not consider that there is any other information necessary to inform the market about the trading halt.

Yours sincerely,

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Leni Stanley Company Secretary COALBANK LIMITED

COALBANK LIMITED ABN 20 075 877 075 Level 1 101 Edward Street Brisbane Queensland 4000 � GPO Box 762 Brisbane Queensland 4001 Australia T +61 7 3229 6606 � F +61 7 3221 6625 � info@coalbank.com � www.coalbank.com