PILOT ENERGY LIMITED — Capital/Financing Update 2013

Jul 15, 2013

ASX ANNOUNCEMENT

July 16, 2013

Extraordinary General Meeting July 25, 2013 Withdrawal of Resolution 6

The Company’s Notice of Extraordinary General Meeting dated June 17, 2013 (“the Meeting”) includes a resolution (Resolution 6) seeking shareholder approval in advance to the future placement of an additional 15% of the Company’s issued capital at a share price of $0.0025 each. The Directors have now resolved that it is no longer appropriate to put that motion to the Meeting and accordingly the Motion has been withdrawn and will not be considered.

Following approval of the remaining resolutions, some of which relate to the issue of shares, the Company will still be able to issue up to 15% of its then issued capital pursuant to ASX Listing Rule 7.1 without shareholder approval.

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Mal Lucas-Smith, Company Secretary 0418 366 532

ASX : RTD