TALIUS GROUP LIMITED — M&A Activity 2009

Jun 25, 2009

Notice of Variation

Extension of Offer Period, Acceleration of Payment and Freeing of conditions

Blaze Asset Pty Ltd ACN 134 038 412

• To: Target Energy Limited ACN 119 160 360 (Target)
• And To: Australian Securities and Investments Commission (ASIC)
• And To: Australian Securities Exchange

And To: Each person to whom offers were made under the takeover bid referred to in this notice

• 1. This notice is given pursuant to orders of the Federal Court made on 26 June 2009.
• $\overline{2}$ . Blaze Asset Pty Ltd (Blaze) gives notice under subsection 650D(1) of the Corporations Act 2001 (Cth) (Act) that:
• The offer period for Blaze's takeover offer, contained in its bidder's statement $(a)$ dated 16 April 2009 and supplementary bidder's statement dated 5 June 2009 (Bidder's Statement) for all of the fully paid ordinary shares in Target, is extended to 17 July 2009. The offers will now close at 5.00pm (Perth, Western Australia time) on 17 July 2009 (unless further extended).
• $(b)$ The Bidder's Statement is varied by replacing 5 June 2009 with 17 July 2009 in:
  • $(i)$ section 10.2 of the Bidder's Statement: and
  • in each place where the closing date for the Offer is specified in the $(ii)$ Bidder's Statement or the Acceptance Form.
• The Bidder further gives notice under sections 630(3) and 650F of the Act that the offer 3. and all takeover contracts created by previously accepted offers, are free from all defeating conditions. The offer is still subject to the statutory condition required by section 625(c)(3) of the Act.
• $\overline{4}$ . The consideration payable under the takeover offer remains at \$0.01 cent and 1 Advance Share for every Target Share.
• 1. All Target Shareholders who have accepted the offer on or before 26 June 2009 will have the time for payment of their consideration accelerated to 19 July 2009.
• 1. As at the date of this notice Blaze is entitled to 5.15% of the voting rights in Target.

Lodgement with ASIC

A copy of this notice was lodged with ASIC on 26 June 2009. ASIC takes no responsibility for the contents of this notice.

Date: 26 June 2009

Signed for and $\partial \hat{n}$ behalf of Blaze Asset Pty Ltd pursuant to a unanimous resolution passed by its directors by:

Alex Bajada

Anthony Short