ZIMI LIMITED — Capital/Financing Update 2008

Jul 13, 2008

WHL Energy Limited ACN 113 326 524

Monday 14 July 2008

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

WHL resolves not to exercise Woolsthorpe option

WHL Energy Limited (“the Company”) has resolved not to exercise its option to purchase all of the issued shares of Woolsthorpe Wind Farm Pty Ltd pursuant to the provisions of the option agreement between Wind Farm Developments Limited (“WFDL”) and the Company.

The board was of the view that exercising the option would not have been in the best interests of the Company or its shareholders. Current management was not involved in negotiating the deal with WFDL which was concluded during the 2006 calendar year. The board made its decision after careful consideration of the terms of all of the relevant legal agreements and technical data available to it pertaining to the Woolsthorpe wind farm project.

As disclosed in the Company’s prospectus dated 8[th] June 2007 (as amended by the supplementary prospectus dated 4[th] July 2007), the funds originally allocated to the Woolsthorpe wind farm project will now be allocated to other projects or acquisitions. The Company will review alternative opportunities in accordance with the resolution of the Company’s shareholders on 24[th] June 2008 to make a significant change to the nature of its activities to include any complimentary energy projects, assets or investments.

For further details contact: Larry Podrasky: 02-8249 8157.

Suite 14, Level 12, 95 Pitt Street Sydney NSW Australia 2000 T: (61 2) 8249 8157 F: (61 2) 8249 8101 E : info@whlenergy.com W : www.whlenergy.com