ZIMI LIMITED — Capital/Financing Update 2009

Dec 8, 2009

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WHL Energy Ltd C/- Websters Solicitors ABN: 25 113 326 524

Level 11, 37 Bligh Street Sydney NSW 2000 Australia P: +61 2 9233 2688 F: +61 2 9233 3828 www.whlenergy.com

ASX ANNOUNCEMENT

Dated: WHN 9 December 2009

WHL SIGNS SIGNIFICANT CONTRACT ON WIND ASSETS

• £200,000 Upfront payment, total consideration in excess of £14,000,000

• Major European renewable energy counterparty

• Significant potential value uplift for shareholders

The Company is pleased to announce that it has signed an agreement on the sale of a wind farm in its portfolio to allow for its development through the planning system to construction and operation.

The terms of the Contract are confidential but will allow WHL Energy to continue with the development of the wind farm asset and for the acceleration of the process. The agreement provides for an upfront payment of £200,000 and sale price of up to £14M, if the option to purchase is exercised whilst in addition providing WHL with the ability to draw on the internal expertise of a large European utility.

Speaking to the agreement, Peter Bartter WHL Energy Executive Chairman commented “This Agreement allows WHL to continue with its commitment to the UK Wind Energy Business as well as to continue its core oil and gas asset development providing both shareholder value and a stable business model for the future”.

Wider Portfolio

The company is also pleased to announce it has accepted terms on two of its additional wind farm sites with up to an additional 18 MW being brought through the planning system. Contract terms will allow WHL Energy to receive recovery of sunk costs to provide it with both working capital and a free carried interest through the development process with a guaranteed sale price on planning consent of up to £600,000.

These are the first of the contracts for the wider portfolio allowing WHL to accelerate the development of its wind assets without internal development funding.

The contract will see the early payment of success fees upon planning consent, rather than upon financial completion of the projects returning value to the company at a much earlier stage of the development process.

The current portfolio of sites under discussion has the potential to deliver an additional 80MW into the planning system.

WHL Energy Ltd C/- Websters Solicitors ABN: 25 113 326 524

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Level 11, 37 Bligh Street Sydney NSW 2000 Australia P: +61 2 9233 2688 F: +61 2 9233 3828 www.whlenergy.com

Kilbirnie Hydrogen Facility Update

These agreements run alongside WHL development of the UK’s first Wind Hydrogen Balancing Facility as part of the Ladymoor Renewable Energy Scheme.

The Project has the potential to place North Ayrshire and Scotland at the forefront of renewable energy innovation establishing Kilbirnie and North Ayrshire as a world leading centre of excellence in the development and exploitation of hydrogen, as an alternative full source.

The concept behind the project is as follows:

1. When wind levels are high and turbines are producing excess electricity over and above their pre-determined requirement, the equivalent of this excess is taken from National Grid by the hydrogen balancing facility. This electricity is then used to electrolise water into hydrogen and oxygen. The hydrogen can then be liquefied or stored under pressure.

2. Conversely, during periods of low wind speeds, the electricity produced from the wind turbines is supplemented on demand by the combustion of stored hydrogen through internal combustion gensets.

This unique technology promises to help overcome the issue of intermittency of output from wind farms as well as facilitating demand load management. WHL Energy’s proprietary technology opens access to markets for hydrogen and hydrogen-based products.

WHL is currently an invited member of the Scottish Government’s Forum for Renewable Energy Development Scotland, Hydrogen Sub Group looking at maximising the contribution of the green hydrogen/fuel cell sectors to achieve 20% of renewable energy in Scotland by 2020.

The scope of the group involves:

• Hydrogen storage to increase the effectiveness and penetration of intermittent

• renewable energy production.

• Hydrogen and fuel cells to provide solutions for off-grid sustainability, particularly in remote areas, thereby increasing penetration of renewables

• Fuel cells to increase carbon efficiency across a range of heat and power applications

• Increase the use of hydrogen and fuel cells in transport.

Yours truly,

Ian Mitchell Company Secretary