PACIFIC RESOURCES LIMITED — Capital/Financing Update 2014

Aug 31, 2014

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ASX ANNOUNCEMENT

1 September 2014

Section 708A Notice – Share Placement

Coalbank Limited (ASX: CBQ) hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act that it has issued 128,093,700 ordinary fully paid shares as a placement, in the Company ( Shares ) without disclosure to a sophisticated investor under Part 6D.2 of the Corporations Act.

The Company states that as at the date of this notice:

• It has complied with the relevant provisions of Chapter 2M of the Corporations Act as they apply to the Company and Section 674 of the Corporations Act; and

• It is not aware of any excluded information within the meaning of Sections 708A(7) and 708A(8) of the Corporations Act.

An Appendix 3B with respect to the issue of the shares was lodged with ASX on 1 September 2014.

Yours faithfully

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Leni Stanley Company Secretary

COALBANK LIMITED ABN 20 075 877 075 Level 6, 344 Queen 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