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TASMAN RESOURCES LTD Capital/Financing Update 2016

Feb 29, 2016

65896_rns_2016-02-29_51392b2c-42af-4f53-8814-38f741aa3413.pdf

Capital/Financing Update

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ACN 009 253 187

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

1 MARCH 2016

MARKET VALUE OF INVESTMENT IN EDEN ENERGY LTD EQUIVALENT TO 15 CENTS FOR EVERY ISSUED TAS SHARE

Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 483,198,298 fully paid shares in Eden (representing 44.37% of the total issued capital of Eden) and 111,356,779 EDEO options representing 44.33% of the issued EDEO options. Based on the closing prices on the ASX of EDE ($0.10) and EDEO ($0.067) on 29/2/16, this investment had a market value of $55.8 million, which is equivalent to 15.0 cents for every currently issued TAS share.

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Aaron Gates Company Secretary

Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: [email protected]