ZIMI LIMITED — Capital/Financing Update 2012

Sep 13, 2012

==> picture [224 x 44] intentionally omitted <==

==> picture [224 x 44] intentionally omitted <==

WHL Energy Ltd

ABN: 25 113 326 524 Level 2, 22 Delhi Street West Perth, Western Australia 6005 P.O. Box 1042, West Perth, Western Australia 6872 T: +61 (0) 8 6500 0271 F: +61 (0) 8 9321 5212 www.whlenergy.com

14 September 2012

SAM SAMPLE 1 SAMPLE STREET SAMPLE WA 6000

Dear Option holder

WHL Energy Limited – Notice to Option holders - Pro-Rata Non-Renounceable Entitlement Issue

As announced on 12 September 2012 WHL Energy Limited (ACN 113 326 524) (Company or WHL) is undertaking a pro rata non-renounceable entitlement issue (Entitlement Issue or Offer) on the basis of one (1) option (Option) to acquire a fully paid ordinary share (Share) for every four (4) Shares held by shareholders registered at 7.00pm AEST on 24 September 2012 (Record Date), at an issue price of $0.01 per Option, to raise up to approximately $3,517,596. The Company lodged a prospectus for the Offer (Prospectus) with ASIC and ASX on 13 September 2012.

This notice is sent to you as a holder of options to acquire ordinary Shares in the Company.

The terms and conditions of the options you currently hold do not entitle you to participate in the Entitlement Issue unless you exercise your options in time for new shares to be allotted and to be entered on the Company’s register of members on or before 7:00pm AEST on the Record Date.

To exercise your options and thereby participate in the Entitlement Issue, you will need to deliver the following to the Company at Level 2, 22 Delhi Street, West Perth, WA 6005:

• a) a notice of exercise of options (attached to this letter);

• b) an option certificate (where the options are certificated) or a copy of a holding statement (where the options are uncertificated) in respect of those options to be exercised; and

• c) payment for the exercise price in respect of those options to be exercised by way of a cheque made payable to “WHL Energy Limited – In Trust for Options Account”.

To ensure that your new shares are allotted prior to the Record Date, the above must be received by WHL Energy Limited no later than 21 September 2012. If received after this date, allotment of new shares prior to the Record Date cannot be assured.

The Company has determined pursuant to Listing Rule 7.7.1(a) of the Listing Rules of ASX Limited, that it is unreasonable to make an offer pursuant to the Entitlement Issue to Shareholders outside of Australia, New Zealand, Singapore, Hong Kong, Germany or Brunei. Therefore, in compliance with ASX Listing Rule 7.7.1(b), the Company is not required to make offers pursuant to the Entitlement Issue to Shareholders registered outside of Australia, New Zealand, Singapore, Hong Kong, Germany or Brunei. Accordingly an Option holder who is resident outside of Australia, New Zealand, Singapore, Hong Kong, Germany or Brunei will not be able to participate in the Entitlement Issue upon exercise of their Options.

Before deciding whether to exercise any or all of your options, you should read the Prospectus in its entirety.

This notice is important and requires immediate attention. If you have any queries concerning the Entitlement Issue, please contact your financial adviser or Matthew Edmondson, WHL Energy’s Company Secretary, on +618 6500 0271.

Yours sincerely

==> picture [119 x 52] intentionally omitted <==

Steve Noske Managing Director WHL ENERGY LIMITED

==> picture [59 x 59] intentionally omitted <==

==> picture [95 x 49] intentionally omitted <==

ABN 25 113 326 524

All Registry communications to: Link Market Services Limited Locked Bag A14 Sydney South NSW 1235 Australia Telephone: 1300 554 474 From outside Australia: +61 2 8280 7111 Facsimile: (02) 9287 0303 ASX Code: WHN Email: registrars@linkmarketservices.com.au Website: www.linkmarketservices.com.au

NAME AND ADDRESS OF OPTIONHOLDER

SRN/HIN

==> picture [222 x 40] intentionally omitted <==

Conversion Ratio: 1 for 1 Expiry Date:

Notice of Exercise of Options WHL ENERGY LTD OPTIONS

PLEASE COMPLETE BELOW (using block letters)

I/We apply to exercise the following number of options and make payment in Australian currency drawn on an Australian branch of a financial institution for the amount payable. Please allot me/us Ordinary Shares calculated on the basis of 1 Ordinary Share for every 1 Option which I/we exercise. I/We agree to accept such Shares subject to the Constitution of WHL Energy Ltd.

==> picture [511 x 56] intentionally omitted <==

----- Start of picture text -----

A NUMBER OF OPTIONS EXERCISED B TOTAL PAYMENT REQUIRED
at $A * per
, , . Option Exercised A$ , , , , .
----- End of picture text -----

C PLEASE INSERT YOUR CHEQUE DETAILS OR ALTERNATIVELY CONTACT WHL ENERGY LTD FOR DIRECT DEBIT DETAILS

Cheques must be drawn on an Australian branch of a financial institution in Australian currency and made payable to “WHL Energy Ltd” and crossed “Not Negotiable”.

Cheque Number

==> picture [165 x 35] intentionally omitted <==

BSB Account Number

==> picture [167 x 35] intentionally omitted <==

-

==> picture [15 x 16] intentionally omitted <==

----- Start of picture text -----

D
----- End of picture text -----

YOUR CONTACT DETAILS

Telephone Number where you can be contacted during business hours

( )

Contact Name (PRINT)

==> picture [217 x 37] intentionally omitted <==

E HOW TO LODGE THE NOTICE OF EXERCISE OF OPTIONS

The completed notice with the accompanying payment must be mailed to the address below:

Mailing Address: WHL Energy Ltd, PO BOX 1042 West Perth WA 6872.

Privacy Clause: Link Market Services Limited advises that Chapter 2C of the Corporations Act 2001 requires information about you as a securityholder (including your name, address and details of the securities you hold) to be included in the public register of the entity in which you hold securities. Information is collected to administer your securityholding and if some or all of the information is not collected then it might not be possible to administer your securityholding. Your personal information may be disclosed to the entity in which you hold securities. You can obtain access to your personal information by contacting us at the address shown on this form. Our privacy policy is available on our website (www.linkmarketservices.com.au).

WHN OPT001