XENITRA LIMITED — Capital/Financing Update 2012

Oct 31, 2012

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1 November 2012

MEDIA/ASX ANNOUNCEMENT

REFINACE OF DEBT FACILTIES – SET FOR GROWTH

www.titanenergyservices.com.au ASX ticker: TTN

TITAN Energy Services Limited (Titan) has today refinanced its debt facilities, doubling funding capacity and for longer tenure, providing greater flexibility for the group.

A Facility Agreement has been entered into between Titan and GE Commercial Corporation (Australia) Pty Ltd (GE) for up to $24.75m in a combination of asset ($16.75m) and working capital ($8.0m) funding extending until October 2015.

“This is a significant increase in the availability and flexibility of funding for the Titan group. It secures our ability to grow the businesses over the medium term. We look forward to working with GE in achieving this.” Managing Director Jim Sturgess said.

Titan expects to refinance on 2 November 2012.

ENDS

For investor or media inquiries:

Mr Jim Sturgess Managing Director Tel: 0402 890 654

About Titan

Titan Energy Services Limited (ASX: TTN) is a diversified oil and gas services business with a focus on the rapidly growing CSG‐LNG industry in eastern Australia.

Titan was established in 2007, through its wholly owned subsidiary Atlas Drilling. In September 2011, Titan acquired the Resources Camp Hire (RCH) business, a provider of flexible, innovative temporary accommodation solutions to the oil and gas sector, and the remote infrastructure construction sector. Through its subsidiary Nektar Remote Hospitality, Titan also offers remote catering and camp management services.

Titan currently manages 411 remote accommodation rooms, operates three drilling rigs, owns and hires equipment (including pumps and ancillary drilling tools) and owns and deploys transport assets including trucks, trailers and loaders.

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