PILOT ENERGY LIMITED — Share Issue/Capital Change 2013

Jul 16, 2013

ASX ANNOUNCEMENT

July 17, 2013

Re-organisation of Securities CDIs to quoted ordinary shares or options

At the Company’s Annual General Meeting held February 28, 2013 shareholders approved the transfer of the Company’s place of registration from British Columbia, Canada to Australia. Following applications by the Company, the Registrar of Companies, British Columbia authorised the Company to continue out of British Columbia under section 308 of the Business Corporations Act, to the jurisdiction of Australia effective on May 29, 2013. Subsequently ASIC issued a Certificate of Registration of a Body Corporate as a Company dated June 12, 2013. Consequently Rampart Energy Ltd is no longer registered in Canada, is now fully registered as a company under the Corporations Act 2001, and is taken to be registered in South Australia.

At present the Company’s securities are quoted in Australia as Chess Depository Interests (“CDIs”) which is a legal mechanism made necessary by the Company’s previous status as a foreign company quoted on the ASX in Australia. The next step in the process is to convert the CDIs currently quoted in Australia into quoted ordinary shares or quoted options on a 1:1 basis according to the type of security underlying the CDI, and this step is scheduled to be completed in accordance with the timetable below.

Implementation of the transfer from quoted CDIs to quoted shares or options as applicable, will be handled internally by the Company’s share registry, Computershare Investor Services, and does not require the CDI holder to take any action. Following the conversion out of CDIs, each investor previously holding a quoted CDI will instead hold a quoted share or quoted option as applicable.

Transfer of the small number of Canadian share holdings (0.15% of the total issued capital) to Australia will not take place until after the Australian quoted CDIs are converted to quoted shares or options as applicable so that Canadian common stock holders will move straight to ordinary shareholders quoted on the ASX.

Timetable for important dates

Timetablefor important dates
Reorganisationas approved by shareholders announced	17/07/2013
Last dayfortradinginpre-reorganised securities	18/07/2013
Trading ona deferred settlement basis commences	19/07/2013
Record date	25/07/2013
Issue date, deferred settlementmarket ends	01/08/2013

Following completion of the above timetable the Company’s issued capital will remain as follows:

	Quoted ordinary shares	2,007,974,279
	Unquoted common stock to be transferred and quoted in Australia	3,113,757
	Quoted options ex $0.007 exp 31 January 2016	1,092,624,983
	Unquoted options ex various exp various	460,959,469

*** Ends***

Mal Lucas-Smith, Company Secretary 0418 366 532

ASX : RTD