ZIMI LIMITED — Capital/Financing Update 2013

Oct 29, 2013

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

ASX/MEDIA RELEASE 30 OCTOBER 2013

WHL ENERGY SHARE PURHASE PLAN

Australian energy company WHL Energy Limited ( ASX: WHN ) (“ WHL Energy ” or “ the Company ”) is pleased to announce that eligible shareholders will be offered the opportunity to participate in a Share Purchase Plan (“ SPP” ).

The SPP Offer Booklet containing the Chairman’s letter, Terms and Conditions of the SPP and the Application Form will be dispatched to shareholders and announced by the Company on 5[th] November 2013.

Under the Terms and Conditions of the SPP, eligible shareholders on the Company's register at 7.00pm (Sydney Time) on 29 October 2013 with registered addresses in Australia or New Zealand will be offered the opportunity to apply for up to $15,000 worth of ordinary fully paid shares in the Company without incurring brokerage or transaction costs.

The SPP offer opens on 5 November 2013, and closes at 5.00pm (Perth time) on 26 November 2013. Further details will be in the SPP Offer Booklet.

If you have any questions in relation to the SPP please call your broker, accountant or professional adviser. If you require information on how to complete the Application Form when you receive it, please contact the WHL Energy Limited SPP Offer Information Line on 1300 851 395.

IMPORTANT NOTICE

This document has been prepared for publication and distribution in Australia and New Zealand and may not be released or distributed in the United States or any other country. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction outside Australia and New Zealand.

Ends

FURTHER INFORMATION Shareholders/Investors: Media contact: David Rowbottam Colin Hay WHL Energy Ltd Professional Public Relations T: +61 8 6500 0277 T: +61 8 9388 0944 E: contact@whlenergy.com E: colin.hay@ppr.com.au

About WHL Energy Limited

ASX-listed WHL Energy Ltd (ASX: WHN) is an oil and gas exploration Company focussed on East Africa and Australia.

WHL Energy holds a 17,345 km[2] exploration area offshore Seychelles, at 100% equity. A world class exploration portfolio and new exploration concepts are being matured in the acreage. In-depth work by WHL Energy has to date identified an initial inventory containing ten, 200 million barrel plus potential targets, which is being expanded to quantify the potential in emerging concept areas.

Further work to develop the leads and targets may include 3D seismic acquisition and geological studies, followed by drilling.

Most structures identified to date are in < 50 m water with drilling targets at < 2000m depth, allowing for low cost drilling with a jack up rig.

WHL Energy also holds 40% equity in Exploration Permit VIC/P67 in the offshore Otway Basin, approximately 200 km WSW of Melbourne off the Victorian coastline. VIC/P67 contains the undeveloped La Bella gas field in proximity to the Victorian gas market, and several nearby exploration prospects.

The Company in addition holds 33.33% equity in exploration permit WA-460-P, in the offshore Southern Carnarvon Basin, which contains an extension of the very large Palta Prospect. A Shell led Joint Venture has recently drilling the Palta-1 well in the adjacent block, the data surrounding the result of this well is expected to be made public in 2015.

The Company is also actively investigating growth opportunities in the wider East African region.