ZIMI LIMITED — Capital/Financing Update 2008

Apr 16, 2008

ACN 113 326 524

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Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Details of the issue or offer of securities

Class of securities	Ordinary
ASX Code of the securities	WHN
Date of the issue or expected issue of the securities	17 April 2008
Total number of securities issued or expected to be issued	500,000
Issue price per security	9 cents

Notice

1. Wind Hydrogen Limited gives ASX (as the relevant market operator) notice relating to the issue of securities identified above.

2. This notice is given under paragraph 5(e) of section 708A of the Corporations Act 2001 (Cth) ( Act ).

3. Wind Hydrogen Limited issued the securities identified above without disclosure to investors under Part 6D.2 of the Act.

4. As at the date of this notice, Wind Hydrogen Limited has complied with:

5. a. the provisions of Chapter 2M of the Act as they apply to it ; and

6. b. section 674 of the Act.

7. There is no excluded information (as defined in section 708A(7) of the Act) as at the date of this notice

___________

Signed for and on behalf of the Issuer: WIND HYDROGEN LIMITED

Date : 17 April 2008 Name : Warwick Pearce Position held : Company Secretary

Notes:

1. This notice must be given within 5 business days after the day on which the relevant securities were issued by the issuer. 2. A determination by ASIC under section 708A(2) must not be in force in relation to the issuer at the time when the relevant securities are issued.

2. The giving of this notice to ASX may, but will not necessarily, enable a person to make an offer of the relevant securities for sale ( sale offer ) within 12 months after their issue.

3. The sale offer does not need disclosure to investors if:

4. (a) the relevant securities are in a class of securities that were quoted ED securities at all times in the 3 months before the day on which the relevant securities were issued and trading in that class of securities on ASX was not suspended for more than a total of 5 days during the shorter of the period during which the class of securities have been quoted, and the period of 12 months before the day on which the relevant securities were issued;

5. (b) no exemption under sections 111AS or 111AT covered the issuer, or any person as director or auditor of the issuer, at any time in that 12 months;

6. (c) no order under sections 340 or 341 can have covered the issuer, or any person as director or auditor of the issuer, at any time in that 12 months; and

7. (d) the issuer gives the relevant market operator for it a notice that complies with section 708A(6) of the Act.

8. Excluded information is information:

9. (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

10. (b) that investors and their professional advisers would reasonably require for the purposes of making an informed assessment of:

11. (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the body; and

12. (ii) the rights and liabilities attaching to the relevant securities.

13. This notice must contain any excluded information only to the extent to which it is reasonable for investors and their professional advisers to expect to find the information in a disclosure document.