ZIMI LIMITED — AGM Information 2008

Nov 27, 2008

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WHL Energy Ltd Level 56, MLC Centre 19-29 Martin Place Sydney NSW 2000 Australia P: +61 2 9238 6340 F: +61 2 9238 6363 www.whlenergy.com

28 November 2008

Manager Companies Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

Chairman’s address – Annual General Meeting 2008

Please find attached the Chairman’s address which will be delivered to shareholders at the Annual General Meeting today.

Yours faithfully,

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Warwick Pearce Company Secretary

Chairman’s Address to the 2008 Annual General Meeting of WHL Energy Limited by Larry Podrasky

This is my first address to you as chairman of WHL Energy since our successful diversification into oil & gas. At the same time we are maintaining a strong focus on realizing the value from our wind power assets. The highlights for the year are as follows:

2008 Highlights

Our last financial year and current year has included significant investment:

• 1) the Texas Wardlaw Oil Project where the company has invested approximately A$2.9 million;

• 2) the Kentucky Gas Project where we have invested a further A$2.9 million; and

• 3) The Wings Law Windfarm Project where we have invested slightly less than A$1.0 million.

The company recently provided a public statement on our Kentucky Gas Project drilling results which were very positive. The board is very pleased with the promising indications for further field development.

Although the price of oil has seen a correction from over US$100 per barrel to just above the current price of US$50, gas prices on the other hand have remained fairly robust. Current gas field economic projections indicate superior payback in returns. The multi-well drilling development plan is to drill and fracture approximately 15 new wells in 2009 subject to financing, which we hope to achieve with joint venture or farm-in partners.

The Kentucky Gas Project will continue to benefit from high demand for gas from the major New York and East Coast USA market. The current and extended period of strong demand and high pricing is anticipated to provide the company with superior investment returns.

The Texas Wardlaw Oil Project has reported good drilling and reservoir results. The Company is currently completing its reservoir model in order to proceed with an accelerated development plan. However, we are hopeful that the company will realize full value from this investment over the next 12 months. This would be a good result taking into account the deterioration witnessed in the oil price which has taken many oil producers by surprise. However, the Wardlaw Oil Project is still economic at US$50 per barrel WTI.

The Wings Law Windfarm Project will be up for determination in either December or January. The prospects for approval are hopeful due to the strong submission by the company now with the North Ayrshire Planning Department.

Given the current global financial crisis that exists, my fellow directors have initiated a risk averse strategy concentrating on our best investments and managing costs. We are focused on a small number of investments to bring maximum value to shareholders. We are pleased to advise that they are excellent investment opportunities.

At the same time, we understand cash management principles and, therefore, our overhead costs have been substantially reduced in the last quarter. We have reduced staff and wish to thank those who have contributed to the company for their excellent assistance over the past year.

With Dr. David Kahn having joined the board in 2008, David being a renowned oil & gas expert in the USA, to manage expertly the company’s USA oil & gas interests, the board has decided to pass on to David the role of Chief Executive Officer and I will step down as Chairman, CEO and director. There is no need for management duplication with the current budget constraints. I have sourced two exciting energy projects

for the company in 2008 and assembled a strong USA and UK management team. Therefore, I am certain that under David’s guidance the company will realize maximum value from our projects for the benefit of all shareholders.

The board will continue to work hard to achieve our goal of making our company a valuable diversified energy company. Our recently re-elected executive director, Peter Bartter, will also be directly involved in shaping the company’s future. I wish to thank you for your support. I can assure you that your board and new CEO shall work tirelessly to reach their goal during this difficult global economy.