ZIMI LIMITED — Capital/Financing Update 2008

Oct 9, 2008

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WHL Energy Ltd Level 12, 95 Pitt Street Sydney NSW 2000 Australia

P: +61 2 8249 8157 F: +61 2 8249 8101 www.whlenergy.com

10 October 2008

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

Foreign exchange exposure

WHL Energy Ltd advises that due to the nature of its international businesses, it has been exposed to the vagaries of the foreign currency markets. This has impacted its credit facility with HSBC Bank (“HSBC”). The Company has resolved to pledge further Australian dollars as security for the facility in order to retain the facility.

The number of additional Australian dollars to be pledged is yet to be determined by HSBC.

The Company intends to alleviate the above situation and to pay down its USA dollar debt with USA dollar revenues to be derived from its oil and gas joint venture projects located in Texas, USA, and Kentucky, USA, respectively. It is anticipated that USA dollar revenue will commence as from November 2008.

Furthermore, the Company has resolved to reduce its monthly cash outlays and focus its core expenditure on cash generating business units.

For further information contact: Larry Podrasky: 02 8249 8157