SENSEN NETWORKS LIMITED — Capital/Financing Update 2013

Aug 19, 2013

ASX Release

20 August 2013

The Manager, Listings Australian Securities Exchange ASX Market Announcement Level 14, Exchange Centre 20 Bridge Centre Sydney NSW 2000

Dear Sir

Unmarketable Parcel Sale or Top-Up Facility

Orpheus Energy Limited (the "Company") has initiated a facility designed to allow shareholders with holdings of less than A\$500 to sell their shares in the Company cost effectively and simply, while also assisting the Company to reduce the costs associated with servicing smaller holdings. In addition, shareholders with shareholdings worth less than A\$500 are given the opportunity to top up their shareholding.

Consistent with the ASX Listing Rules and the Company's Constitution, and recognising that the cost to shareholders of selling very small holdings can be disproportionately high, shareholders with less than a marketable parcel of shares (i.e. below a value of A\$500) as at the record date of 19 August 2013 will shortly receive a letter in the form attached.

This letter explains that, unless those shareholders advise the Company (or the Company share registry) otherwise, their shares will be sold on market and the proceeds remitted to them free from brokerage and handling fees. Those shareholders who wish to retain their shares must either (i) return the form enclosed with the letter, otherwise their shares will be sold; or (ii) top up their shareholding by either A\$500.00 or A\$1,000.00.

Yours faithfully

David Smith Executive Director

19 August 2013

Dear Shareholder

Opportunity to buy or sell Orpheus shares for holders of unmarketable parcels

$1.0$ The Program

Orpheus Energy Limited ("Orpheus") (ASX:OEG) is pleased to provide an opportunity for you to sell your shareholding or top-up your shareholding without incurring any brokerage or handling costs.

This program is available to eligible shareholders who, at 7.00pm (AEST) on 19 August 2013 ("Record Date"), were holders of fully paid ordinary shares in Orpheus ("Orpheus Shares") valued at less than A\$500 ("Unmarketable Parcel") whose registered address is in Australia or New Zealand (the "Program").

Our records show that you held an Unmarketable Parcel of Orpheus Shares at the Record Date, and accordingly your holding of Orpheus Shares is eligible for this Program.

Based on a price of A\$0.046 per Orpheus Share, being the closing price of Orpheus Shares on the Australian Securities Exchange ("ASX") on the Record Date, an Unmarketable Parcel is any holding of 10,869 Orpheus Shares or less.

Orpheus recognises that there are many shareholders who hold Unmarketable Parcels of Orpheus Shares who may find it difficult or expensive to dispose of their Orpheus Shares.

This Program provides eligible shareholders with a convenient way to sell Orpheus Shares and at the same time allows the company to reduce its significant costs associated with administering many small shareholdings. Separately, should you decide to acquire additional Orpheus Shares, the top-up facility provides an opportunity for shareholders to increase their shareholding in Orpheus without incurring any brokerage or handling costs.

You may participate in either, but not both, of the share sale or the top-up facility.

This Program closes at 5.00pm (AEST) on 1 October 2013 ("Closing Date").

Information in this letter and in the enclosed documents will assist you to make a choice whether to:

• Sell your holding; $\bullet$
• Top-up your holding; or
• Retain your existing holding.

$2.0$ To sell your holding

If you wish to dispose of your Orpheus Shares without incurring any brokerage or handling costs, then you do not need to do anything and your shares will be sold.

If you choose to do nothing, your Orpheus Shares will be sold and the proceeds from the sale will be paid to you using the direct credit payment details recorded for your holding by EFT. Where direct credit payments cannot be processed, then payment will be made to you by cheque. You will not incur any brokerage or handling costs associated with the disposal of your Orpheus Shares. If you wish to update your direct credit instructions, please contact Boardroom Pty Limited ("Boardroom").

If you do nothing, all of your Orpheus Shares will be pooled with other Unmarketable Parcel Orpheus Shares and either sold to Orpheus shareholders who wish to top-up their Orpheus holdings under the Program, or sold on the ASX. In addition, if you do nothing, you will be deemed to appoint Orpheus as your agent to receive any notice (and any update of that document) that anyone involved in the sale facility is required to provide under the Corporations Act 2001 (Cth).

$2.1$ Sales Proceeds

The sale proceeds to which you will be entitled will be calculated by dividing the total proceeds from the sale of all Orpheus Shares sold under this Program for all participating holders by the total number of Orpheus Shares sold under this Program and multiplied by the number of Orpheus Shares you held, rounded up to the nearest cent.

All participants who have their Orpheus Shares sold under this Program will receive the same average price per Orpheus Share.

This price may be more or less than the actual price at which your Orpheus Shares are sold.

The proceeds to which you are entitled will be remitted to you as soon as it is practicable. You will be notified by way of a transaction confirmation statement of the number of your shares sold, and the price and total sale proceeds. The transaction confirmation statement and cheque will be sent by post to your address as shown in the share register.

If your Orpheus Shares are in a CHESS holding. Orpheus may, after the Closing Date, move your Orpheus Shares from the CHESS holding to an issuer sponsored holding for the purpose of the sale facility.

$3.0$ To top-up your holding

If you wish to acquire additional Orpheus Shares without incurring any brokerage or handling costs to move your holding above the unmarketable parcel threshold, then you must provide. either A\$500.00 OR A\$1,000.00 to top-up your holding by:

• paving directly via BPAY® (for Australian shareholders only); or
• completing and returning the form attached Top-Up Application Form, together with your cheque, bank draft or money order drawn on an Australian bank in Australian dollars.

by no later than the Closing Date.

After receiving your BPAY® payment or Top-Up Application Form and associated payment, your money will be pooled with money paid by other Orpheus shareholders to purchase shares under the top-up facility and will be used to purchase Orpheus Shares on ASX.

Orpheus Shares may be purchased by a single trade or multiple trades at a single price or multiple prices and on a single day or multiple days after the Closing Date.

The number of Orpheus Shares which you will receive will be calculated by dividing A\$500 OR A\$1,000 (depending on your election) by the average price of Orpheus Shares acquired. rounded down to the nearest whole number. The price paid for the Orpheus Shares purchased for you may be more or less than the average price at which Orpheus Shares were acquired.

The applicable number of Orpheus Shares to which you are entitled will be allocated to your holding as soon as practicable after the shares are acquired.

You cannot participate in both the top-up facility and the sale facility. If you validly elect to participate in the top-up facility you will be deemed to have given the company a Retention

Form and to have advised the company that you wish to keep all of the shares registered in vour name.

$4.0$ To retain your existing holding

If you wish to retain your existing holding of Orpheus Shares, then you must:

• complete and return the enclosed Retention Form so that it is received by Boardroom by the Closing Date: or
• make your own arrangements outside of the Program to purchase additional Orpheus Shares so that your shareholding is worth at least A\$500 by the Closing Date. If you have more than one holding of Orpheus Shares, then you can contact Boardroom to assist with consolidating them into a single holding. In order to ensure that your shares are not sold by Orpheus, any additional shares must be held in the same holding as your current Orpheus Shares (ie you must advise your broker to purchase the Orpheus Shares under the same Holder Identification Number (HIN) or Securityholder Reference Number (SRN) that is stated on the enclosed forms) and must be registered by the Closing Date.

$5.0$ Important information

It is important that you read and understand this letter and the following enclosed documents:

• Share Retention Form:
• ×. Top-Up Application Form: and
• Terms and conditions for the top-up facility. $\Delta$

The market price of financial products is subject to change from time to time. Whilst Orpheus and its nominee broker, BBY Limited ("Broker") will endeavour to ensure the best available sale price and purchase price is achieved for your Orpheus Shares under this Program, no assurance or certainty can be provided by Orpheus or the Broker about the price at which Orpheus Shares are sold or acquired. Up to date information on the market price of Orpheus shares is available on the ASX website (www.asx.com.au), or in the business section of your local newspaper. Information about the Broker, including the Broker's financial services guide (FSG), is available at www.bby.com.au. The Broker's FSG will also be made available on the Orpheus website.

This Program does not take into account the individual investment objectives. financial situation or particular needs of each eligible shareholder. You should consider seeking independent financial and taxation advice before making a decision as to whether or not to participate in this Program.

Orpheus, its directors and officers, and the Broker make no recommendation as to whether you should participate in the program and none of them should be taken to be giving any financial advice to you.

All references to currency are in Australian dollars unless otherwise stated.

About Orpheus

Orpheus Energy is a coal producer focusing on coal production and exploration in Indonesia. Orpheus has a quality portfolio of production and near-term production

assets that (i) are close to infrastructure, and (ii) have attractive potential economic returns with low capex and opex. Orpheus is currently embarking on a growth
strategy to earn revenue through multiple streams including coal production, coal trading, and infrastructure.

$\mathcal{Q}$

Yours faithfully,

David Smith Executive Director

Top-up Facility

Terms and Conditions

1 Definitions

Application Period means the period from 19 August 2013 to 1 October 2013 or such longer period as may be determined by Orpheus Energy Limited.

ASX means ASX Limited ABN 98 008 624 691.

Boardroom means Boardroom Financial Services Pty Limited, ABN 46 136 781 443

Broker means BBY Limited. ABN 80 006 707 777

Business Day means a day during the Application Period on which banks are open for general banking business in Melbourne, excluding Saturdays, Sundays and public holidays.

Eligible Shareholder means a Shareholder whose registered address as disclosed in Orpheus's register of Shareholders is in Australia or New Zealand and whose holding of Shares as disclosed in Orpheus's register of Shareholders at 7.00 pm (AEST) on the Record Date is less than a Marketable Parcel.

Facility Documents means these terms and conditions, the Top-Up Facility Application Form and any associated documents provided or made available by Orpheus to Eligible Shareholders.

Marketable Parcel is as defined in the ASX Market Rules.

Participating Shareholder means an Eligible Shareholder who has applied to participate in the Top-Up Facility in accordance with the Top-Up Facility Application Form and these terms and conditions.

Record Date means 19 August September 2013.

Shareholder means a registered holder of Shares in Orpheus.

Shares means issued ordinary shares in Orpheus.

Orpheus means Orpheus Energy Limited ABN 67121 257 412

Top-Up Facility Application Form means the Top-Up Facility Application Form sent to Eligible Shareholders together with these terms and conditions.

Top-Up Facility means the facility offered to Eligible Shareholders to buy additional Shares as described in these terms and conditions.

Top-Up Price means the price at which Shares are purchased for Participating Shareholders under the Top-Up Facility, as determined in accordance with clause 6(e).

All references to dollars or \$ in these terms and conditions are references to Australian dollars.

2. Terms of Participation

(a) All Eligible Shareholders are entitled to participate in the Top-Up Facility. Participation in the Top-Up Facility is voluntary. Applications to participate must be made in accordance with these terms and conditions and the instructions included in the Top-Up Facility Application Form.

• (b) A Participating Shareholder participates in the Top-Up Facility on the basis of the Facility Documents. Participation is also on the basis that a Participating Shareholder may only elect to purchase either A\$500.00 or A\$1,000.00 worth of Shares under the Top-Up Facility.
• (c) A Participating Shareholder will not be liable to pay any brokerage or handling costs for the purchase of Shares under the Top-Up Facility.

3. Application Period

Applications to participate in the Top-Up Facility must be received during the Application Period. Orpheus reserves the right, on behalf of the Broker and for any reason, to modify the timetable for, to not proceed with, or to terminate or suspend (for any period of time), the Top-Up Facility at its discretion. Any extension or shortening of the Application Period, or suspension or termination of the Top-Up Facility, will be announced to the ASX and on its website (www.Orpheus.com.au).

4. Roles of Boardroom and the Broker

• (a) Each Participating Shareholder irrevocably appoints the Broker as execution-only broker to purchase Shares on behalf of the Participating Shareholder in accordance with the Facility Documents. Instructions from Participating Shareholders will be taken to be provided to the Broker at the time that Boardroom advises the Broker of the dollar amount available to purchase Shares in accordance with clause 6(b). Orpheus will pay brokerage (and any applicable Australian GST) to the Broker in relation to the purchase of Shares through the Top-Up Facility.
• (b) The Broker's appointment as 'execution-only' broker means that the Broker is not, nor are Orpheus or Boardroom, giving, nor are any of them obliged to give, any advice to any Eligible Shareholder. The Facility Documents do not constitute advice or a recommendation by any of the above to buy, sell or hold securities in Orpheus, nor that the Top-Up Facility or any other facility is the best way to buy shares. Accordingly, before electing to participate in the Top-Up Facility, a Participating Shareholder should ensure that the Top-Up Facility meets the Participating Shareholder's own objectives, financial situation and needs. Any Eligible Shareholder unsure of what action to take should consult a licensed financial advisor.
• (c) Boardroom will assist in the administration of the Top-Up Facility, including by processing Top-Up Application Forms received by it, communicating with Eligible Shareholders, collating and advising the Broker of the dollar amount available to purchase Shares to be purchased under the Top-Up Facility and liaising with the Broker in relation to purchases of Shares, banking cheques, bank drafts and money orders, and issuing transaction confirmation statements. Orpheus will pay any handling fees (and any applicable Australian GST) to Boardroom in respect of its role in the Top-Up Facility.
• (d) Each of the Broker and Orpheus is irrevocably authorised by each Participating Shareholder to do all things and execute all documents (including to effect any holding adjustment, securities transformation or other transmission or transaction in relation to Shares purchased for a Participating Shareholder under the Top-Up Facility, and whether personally or, where practicable, through an agent) to facilitate the purchase of the relevant Shares by the Broker as broker under the Top-Up Facility.

5. Top-Up Facility Application Form

(a) An Eligible Shareholder with a registered in Australia may participate in the Top-Up Facility by means of a BPAY® payment in accordance with the instructions set out in the Top-Up Facility Application Form by 5.00pm (AEST) on the last day of the Application Period. Alternatively, an Eligible Shareholder may participate in the Top-Up Facility by completing the Top-Up Application Form in accordance with the instructions on it and returning it to Boardroom at an address shown on the Top-Up Facility Application Form, together with a cheque, bank draft or money order for A\$500 or A\$1000 made payable to "Orpheus Holdings Limited". Top-Up Application Forms and cheques, bank draft or money order must be received by Boardroom at an address specified in the Top-Up Application Form by no later than 5.00pm (AEST) on the last day of the Application Period. No interest will be payable to Participating Shareholders in relation to funds contributed by them in relation to the Top-Up Facility.

(b) Orpheus may, in its sole discretion, at any time determine that a Top-Up Application Form is valid in accordance with the Facility Documents, even if the Top-Up Application Form is incomplete, contains errors or is otherwise defective or is received after the end of the Application Period. Orpheus (or any agent of Orpheus acting on its instructions) may correct any error in or omission from a Top-Up Application Form and complete the Top-Up Application Form by the insertion of any missing details. Notwithstanding anything to the contrary in these terms and conditions, none of Orpheus, Boardroom or the Broker is under any obligation to accept any Top-Up Application Form, whether completed correctly or not, and in particular none of the above is under any obligation to act on any Top-Up Application Form where a BPAY® payment, cheque, bank draft or money order for the amount nominated in the Top-Up Application Form has not been provided by the Eligible Shareholder, or is not denominated in Australian dollars and drawn on an Australian bank or an Australian branch of a foreign bank, or is not honoured on presentation.

6. Purchases of Shares

• (a) Boardroom will establish and maintain an account called "Orpheus Energy Limited" for the purposes of the Top-Up Facility, into which Boardroom will deposit cheques, bank drafts or money orders received from Participating Shareholders and from which Participating Shareholders will be taken to instruct Boardroom to remit the required amounts to the Broker for the settlement of purchases of Shares under the Top-Up Facility.
• (b) Boardroom will process Top-Up Application Forms and BPAY® payments received by it as soon as practicable after receipt. Following the conclusion of the Application Period, Boardroom will advise the Broker of the dollar amount available to purchase Shares and the Broker will purchase Shares to that dollar amount.
• (c) Purchases of Shares under the Top-Up Facility will be made by the Broker placing one or more orders to buy Shares on ASX in the ordinary course of business (including, in the Broker's sole discretion, by crossings). The Shares may be purchased by a single trade or multiple trades at a single price or multiple prices. The shares may be purchased on a single day or multiple days after the Application Period.
• (d) The Broker may, in consultation with Orpheus, delay the purchase of some or all of the Shares available to be purchased on a trading day, if it considers that to be in the best interests of the relevant Participating Shareholders (for example, because it considers market conditions to be unsuitable or to avoid an excessive concentration of purchases on a particular trading day).

• (e) The price at which each Share will be purchased for Participating Shareholders through the Top-Up Facility will be the average price achieved by the Broker for the purchase of all Shares purchased by the Broker through the Top-Up Facility. The Top-Up Price will be calculated by the Broker and may not be challenged in the absence of manifest error.

• (f) Participating Shareholders should note that they will not have control over the time of the purchase of their Shares, and therefore will not be able to personally ensure that the purchase occurs at a certain price. The Top-Up Price will depend upon the market conditions prevailing at the time of the purchase and may be different to the price for Shares appearing in the newspaper or quoted by ASX on the day that a Participating Shareholder's Top-Up Application Form is sent or BPAY® payment is made or on any other day, and may not be the best execution price on the trading day or trading days that the Participating Shareholder's Shares are purchased. None of Orpheus, Boardroom, the Broker nor any other person will on any account be liable, and a Participating Shareholder may not bring any claim or action against them, for not having purchased Shares at any specific price or on any specific date.

• (g) The number of Shares purchased for a Participating Shareholder through the Top-Up Facility will be calculated on the basis of A\$500 or A\$1000 divided by the Top-Up Price, rounded down to the nearest whole number of Shares. Participating Shareholders will not have any entitlement to any residual Shares remaining following such rounding. Orpheus will be entitled to sell any such residual Shares and apply any proceeds towards the costs of administering the Top-Up Facility. If, after execution of all Participating Shareholders purchase orders under the Top-Up Facility, any amount remains of the amount provided by the Participating
  Shareholders for the purposes of the Top-Up Facility which was insufficient to purchase a Share, then Orpheus may apply that amount towards costs of administering the Top-Up Facility.

7. Confirmation

Boardroom will notify each Participating Shareholder, by way of a transaction confirmation statement issued on behalf of the Broker and sent to the relevant Participating Shareholder's address as shown on the Orpheus share register, of the number of Shares purchased for that Participating Shareholder through the Top-Up Facility and the Top-Up Price for those Shares. within 10 business days after settlement of the purchase of the Shares for the Participating Shareholders.

8. Shareholder Warranties and Acknowledgments

By signing and returning the Top-Up Application Form or making a BPAY® payment, a Participating Shareholder will, or will be deemed to:

• (a) acknowledge that the Participating Shareholder has read, and agrees to, the terms and conditions of the Facility Documents;
• (b) acknowledge that the Participating Shareholder is irrevocably bound to purchase the relevant amount of Shares through the Top-Up Facility at the Top-Up Price, and otherwise in accordance with the Facility Documents;
• (c) acknowledge that the Participating Shareholder will not participate in the unmarketable parcel share sale facility (which will have been made available to Eligible Shareholders in conjunction with the Top-Up Facility) and has not previously participated in the Top-Up Facility;
• (d) acknowledge that none of Orpheus, Boardroom, the Broker nor any other party involved in the Top-Up Facility has any liability to the Participating Shareholder other than for the provision of the Shares purchased for the Participating Shareholder in accordance with these terms and conditions;
• (e) acknowledge that none of Orpheus, Boardroom, the Broker nor any other party involved in the Top-Up Facility has provided the Participating Shareholder with any investment advice or made any securities recommendations, nor has any obligation to provide such advice or make any such recommendations, concerning the Participating Shareholder's decision to purchase Shares, and that the Participating

Shareholder has made its own decision to purchase Shares through the Top-Up Facility based on its consideration of its own objectives, financial situation and needs and its own investigations of the affairs of Orpheus and its own analysis of the Facility Documents:

• (f) acknowledge that if the Participating Shareholder's cheque, bank draft or money order is not honoured on presentation, Boardroom or the Broker may place a holding lock (or similar) on, and cause to be sold, any Shares purchased for the Participating Shareholder through the Top-Up Facility and the Participating Shareholder must pay all costs and losses incurred as a result;
• (g) appoint Orpheus as the Participating Shareholder's agent to receive any notice (including a Financial Services Guide and any update of that document) that anyone involved in the Top-Up Facility is required to provide under the Corporations Act 2001 (Cth). Any such document will be made available on Orpheus's website (www.Orpheus.com.au); and
• (h) acknowledge that the Facility Documents are governed by the laws in force in New South Wales. Personal information may be collected on the Top-Up Application Slip by Orpheus and/or Boardroom for the purpose of the administration of, and the purchase of Shares under, the Top-Up Facility. That information may be disclosed by each company to each other, to each company's respective related bodies corporate, to external service companies such as mail service providers or as otherwise required or permitted by law. Please contact Orpheus or Boardroom for details of your personal information held by it or to correct inaccurate or out of date information.

ORPHEUS ENERGY LIMITED

ABN 29 088 694 188

Tel: 1300 737 760 (within Aust) Tel: + 61 2 9290 9600 (outside Aust) Fax: $+61$ 2 9279 0664

www.boardroomlimited.com.au enquires@boardroomlimited.com.au

Existing Number of shares held
Close Date:	1 October 2013

Top-Up Application Form

Buy Instruction Form - Use this Form if you wish to buy more ordinary shares in Orpheus Energy Limited

A Instructions to Buy Additional Orpheus Energy Ordinary Shares

Indicate your choice below by marking one box only

\$500.00

\$1,000.00

B Payment Details

Payment may only be made by BPAY or cheque. Cash will not be accepted via the mail or at the Orpheus Energy Limited Share Registry.

Payments cannot be made at any bank.

Payment Option 1 - BPAY

Biller Code: 119057 Ref:

Telephone & Internet Banking - BPAY® Contact your bank, credit union or building society to make this payment from your cheque or savings account. More info: www.bpay.com.au ® Registered to BPAY Ltd ABN 69 079 137 518

• To pay via BPAY please contact your participating financial institution
• If paying by BPAY you do not need to return the Application Form
• If paying by BPAY the amount of your payment received in the account divided by the issue price will be deemed to be the total number of shares you are applying for. For your application to be valid you can only make payment for one of the amounts specified above in section A.

Payment Option 2 - Cheque

Record cheque details below

Drawer	Cheque Number	BSB Number	Account No.	Amount A\$

PAYMENT INSTRUCTIONS:

• Only cheques or bank drafts in Australian dollars and drawn on a bank or financial institution in Australia will be accepted.
• Your cheque or bank draft must be made payable to Orpheus Energy Limited and crossed Not Negotiable.
• Please ensure that you submit the correct amount. Incorrect payments may result in your application being rejected.

Contact Details

Please provide a telephone number and contact name in case we need to contact you regarding your application.

Home telephone number	Work telephone number	Contact name

THIS FORM CONTINUES OVERLEAF

D Signatures

$\overline{\mathbf{s}}$

By signing this Form and attaching a cheque for payment of the amount nominated above. I/we

• appoint BBY Limited ACN 006 707 777 to act on my/our behalf as execution only broker to purchase such Shares in accordance with the enclosed Top-up $(1)$ Facility Terms & Conditions and authorise Boardroom Financial Services Pty Limited ABN 46 136 781 443 and the Broker to do all things and execute all documents to purchase such Shares
• $(2)$ give the warranties and acknowledgements set out in the enclosed Top-up Facility Terms and Conditions

Individual or Securityholder 1	Securityholder 2	Securityholder 3
le Director and Sole Company Secretary	Director	Director/Company Secretary (delete one)

This form must be signed in the spaces provided as follows:

Individual: This form is to be signed by the securityholder.

Joint Holding: where the holding is in more than one name, all the securityholders must sign.

Power of Attorney: to sign under a Power of Attorney, you must have already lodged it with the registry. Alternatively, attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies: this form must be signed by a Director jointly with either another Director or a Company Secretary. Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. Please indicate the office held by signing in the appropriate place.

Application Forms and cheques must be received no later than 5.00 pm AEST on 1 October 2013 at:

MAILING ADDRESS Boardroom Pty Limited GPO Box 3993 SYDNEY NSW 2001

DELIVERY ADDRESS Boardroom Pty Limited Level 7 207 Kent Street SYDNEY NSW 2000

ORPHEUS ENERGY LIMITED

ABN 29 088 694 188

All correspondence to Boardroom Pty Limited GPO Box 3993 Sydney NSW 2001

Tel: 1300 737 760 (within Aust) Tel: + 61 2 9290 9600 (outside Aust) Fax: $+61292790664$

www.boardroomlimited.com.au enquires@boardroomlimited.com.au

Subregister

SRN/HIN.

Share Retention Form

IMPORTANT: This is an important document and requires your immediate attention. Orpheus Energy Limited (Company) is implementing a sale facility for holders of parcels of the Company's shares valued at less than \$500 (Sale Facility). Further details regarding the Sale Facility are set out in the letter to you from the Company dated 19 August 2013, which accompanies this form. If you do not want the parcel of shares in the Company referred to below sold under the Sale Facility, you must complete this form and return it so that it is received by the Company's share registry no later than 5.00pm (AEST) on 1 October 2013. If you are in any doubt as to how to deal with this form, you should consult your professional adviser.

If your holding of the Company's shares increases to more than \$500 by your participation in the Company's recently announced Share Top Up Facility, by on market purchases or otherwise, then your holding will not be sold under the Sale Facility

Number of shares held as at Record Date

The number of shares that you held at 7pm Sydney time on 19 August 2013.

Retention of shares

$\overline{\mathbf{R}}$

I/We refer to the letter from the company dated 19 August 2013 and hereby give notice that we would like to retain my/our shares.

Contact details (Enter your contact details below)

CONTACT NAME	TELEPHONE WORK	TELEPHONE HOME	EMAIL ADDRESS

D Shareholder Signature

By signing and returning this form, I/we confirm that I/we understand that my/our shares will NOT BE SOLD under the Sale Facility.

Individual or Security holder 1	Securityholder 2			Securityholder 3
Sole Director and Sole Company Secretary	Director			Director/Company Secretary
		Day	Month	Year
	This form must be received by no later than 5.00pm AEST time on 1 October 2013

LODGEMENT INSTRUCTIONS ARE ON THE REVERSE OF THIS FORM

Additional information

How to complete this form

• A. This is the number of shares that you held at 7pm AEST time on 19 August 2013.
• B. If you would like to retain your shares, please mark the box on the front of this form and return it to the Company's share registry in accordance with the lodgement instructions below. If this form is not received by 5.00pm AEST time on 1 October 2013, and you have not otherwise validly notified the Company that you wish to retain your shares, the Company will be entitled to sell your shares on your behalf. IF YOU WOULD LIKE THE COMPANY TO SELL YOUR SHARES, YOU SHOULD NOT COMPLETE THIS FORM.
• C. Enter your contact details so we may contact you regarding your form.
• The form must be signed. In the spaces provided you must sign this form as follows:

Individual: Where the holding is in only one name, this form is to be signed by the securityholder.

Joint Holding: Where the holding is in more than one name, all the securityholders must sign.

Power of Attorney: To sign under a Power of Attorney, you must have already lodged it with the registry. Alternatively, attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies: this form must be signed by a Director jointly with either another Director or a Company Secretary. Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. Please indicate the office held by signing in the appropriate place.

Lodgement of this Form

If you wish to retain your shares, this form must be completed and returned to the share registry by no later than 5.00pm AEST time on 1 October 2013. If you are returning your form by post, please allow sufficient time for collection and delivery by postal services. The postal rule does not apply, which means that to be valid your completed form must be received by no later than 5.00pm AEST time on 1 October 2013.

Mailing address:

D.

Orpheus Energy Limited C/- Boardroom Pty Limited GPO Box 3993 SYDNEY NSW 2001

Delivery address:

Orpheus Energy Limited C/- Boardroom Pty Limited Level 7 207 Kent Street SYDNEY NSW 2000

Consolidation of shareholdings

If you have more than one holding on the Orpheus Energy Limited register, you should consider consolidating them. For further information regarding this, please contact Boardroom Pty Limited on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia).

Changes of Address Supported by your Signature(s)

If your address is not exactly as shown, please provide details below. This is only relevant for Issuer Sponsored registered holdings. CHESS holders must notify your sponsoring broker for amendments to holdings on the CHESS Subregister.

	CHANGE OF ADDRESS DETAILS - ISSUER SPONSORED ONLY
	SIGN HERE FOR ADDRESS AMENDMENTS:
Shareholder 1 (Individual) /	Joint Shareholder 2 (Individual) /	Joint Shareholder 3 (Individual) /
Sole Director & Sole Company Secretary	Director	Director/Company Secretary (Delete one)

Privacy Statement

Boardroom Pty Limited advises that Chapter 2C of the Corporations Act 2001 (Cth) requires information about you as a shareholder (including your name, address and details of the shares you hold) to be included in the public register of the entity in which you hold shares. Information is collected to administer your share holding and if some or all of the information is not collected then it might not be possible to administer your share holding. Your personal information may be disclosed to the entity in which you hold shares. You can obtain access to your personal information by contacting us at the address or telephone number shown on the Application Form. Our privacy policy is available on our website (http://www.boardroomlimited.com.au/Privacy.html).