SEAFARMS GROUP LIMITED — M&A Activity 2012

Aug 8, 2012

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Our Ref: CO2 ASX Announce Media Release – WARL Acceptances (351)

9 August 2012

ANNOUNCEMENT 351

Company Announcements Office Australian Securities Exchange Level 6 20 Bridge Street SYDNEY NSW 2000

By ASX Online Number of pages: 1 (including this page)

Dear Sir,

RE: CO2 Group Takeover Bid for Western Australian Resources Limited - Acceptances

CO2 Group advises that as at the close of business yesterday the Company has received acceptances which have increased its relevant interest to 75.15% of Western Australian Resources Limited’s (WARL) fully paid shares on issue.

The Board of CO2 Group is pleased with the level of responses received so soon after the Takeover Bid was announced to WARL shareholders. CO2 Group encourages WARL Shareholders who have yet to accept the offer to do so as soon as possible.

Yours sincerely, CO2 Group Limited

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Harley Whitcombe Company Secretary

CO2 Group Limited

Level 11, 225 St Georges Terrace Perth WA 6000 Tel. 08 9321 4111 ABN 50 009 317 846 PO Box 7312 Cloisters Square Perth WA 6850 Fax. 08 9321 4411 www.co2australia.com.au CO2 Group Limited is a corporate authorised representative ("CAR") (Number 420079) of Valuestream Investment Management Limited (ACN 094 107 034 AFSL 246621). The Group's licence numbers are: CO2 Group Limited (CAR # 420079); Carbon Banc Limited (CAR # 420080); CO2 Australia Limited (CAR # 420081).