TIVAN LIMITED — Capital/Financing Update 2011

Mar 13, 2011

CAPITAL STRUCTURE FOLLOWING PLACEMENT AND TOP 20

Following the recently completed placement of 25,247,985 Shares which raised $2,777,278, before costs, and the exercise of 1,500,000 Options the Company has on issue the following securities:

Ordinary Shares 284,803,062 Unlisted Options 21,400,000

A Top 20 Shareholder listing following the issue of the Shares is attached for information.

Research Report

The Company is pleased to advise that a research report has recently been prepared on the Company by Hardman and Co. A copy of the research report is available from the Company’s website at www.tngltd.com.au.

TNG LIMITED

Paul E Burton Director & CEO

14 March 2011

TNG Limited

Top 20 Shareholder Listing

Rank	Name Units % of Units
	MR WARREN WILLIAM BROWN + MRS MARILYN HELENA BROWN 18,148,123 6.37
1.
2.	CBH RESOURCES LIMITED 10,000,000 3.51
3.	COLBERN FIDUCIARY NOMINEES PTY LTD 9,260,315 3.25
	JP MORGAN NOMINEES AUSTRALIA LIMITED 9,152,266 3.21
4.
5.	KENSINGTON CONSULTING PTY LTD 9,149,999 3.21
	BIDDLE PARTNERS PTY LTD FUND A/C> 5,869,903 2.06
6.
	MR WARREN WILLIAM BROWN + MRS MARILYN HELENA BROWN 5,000,000 1.76
7.
8.	CBH RESOURCES LIMITED 4,194,065 1.47
9.	MRS MEGAN BROUWER 4,057,645 1.42
10.	MR ALISTAIR WANSBONE MACKIE 3,895,500 1.37
	MR JOHN CAMPBELL SMYTH FUND A/C> 3,800,000 1.33
11.
	CENTRE CORPORATION PTY LIMITED LILLIS FAMILY A/C> 3,596,695 1.26
12.
13.	BONOS PTY LTD 3,000,000 1.05
	TEAS NOMINEES PTY LTD FUND A/C> 2,965,887 1.04
14.
	MEGA-MIN RESOURCES PTY LTD A/C> 2,625,000 0.92
15.
16.	ASHTON DRILLING SERVICES PTY LTD 2,500,000 0.88
17.	TEAS NOMINEES PTY LTD 2,500,000 0.88
	BRACKEN SERVICES PTY LTD PROPERTY A/C> 2,121,538 0.74
18.
19.	MR MARCELLO FABBRI 2,062,140 0.72
20.	BLUEHAWK CAPITAL PTY LTD 2,000,000 0.70
Totals: Top 20 holders of ORDINARY FULLY PAID SHARES (TOTAL) 105,899,076 37.18 Total Remaining Holders Balance 178,903,985 62.82