SAVANNAH GOLDFIELDS LIMITED — Capital/Financing Update 2011

Oct 2, 2011

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RENISON CONSOLIDATED MINES NL

ACN 003 049 714

Mail Address GPO Box 5268 Brisbane Qld 4001

Level 5, Santos House Phone: (07) 3303 0630 60 Edward Street Fax: (07) 3303 0601 Brisbane Qld 4000 Email: admin@rcm.com.au

ASX ANNOUNCEMENT

3 October 2011

March 2012 Convertible Note Interest Payment

Renison Consolidated Mines NL advises that, in relation to the interest on the March 2012 Convertible Notes for the period from 1 April 2011 to 30 September 2011, the company will be paying the interest by the issue of fully paid ordinary shares.

In accordance with the terms and conditions of the notes the company has the option to pay the interest owing by the issue of ordinary shares in Renison at a rate calculated as the 10 day volume weighted average price of the ordinary shares discounted by 10%.

For the 10 day period up to and including 30 September 2011 the discounted vwap is $0.001824.

For each note held at the record date interest of 1.98 cents is payable which in accordance with the terms and conditions converts to 10.8553 shares per note. The shares will be issued on 6 October.

JPK Marshall Company Secretary

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