ZIMI LIMITED — Capital/Financing Update 2015

Oct 25, 2015

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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 26 OCTOBER 2015

INFORMATION REQUIRED UNDER LISTING RULE 3.10.5A

Australian energy company WHL Energy Limited ( ASX: WHN ) (“ WHL Energy ” or “ the Company ”) advises the following information required under ASX Listing Rule 3.10.5A in respect of the Appendix 3B lodged 24 July 2015 as a result of the Company utilising its Listing Rule 7.1A placement capacity.

Under Listing Rule 7.1A the total securities issued under the placement was 16,788,293 which resulted in a total dilution to the existing issued capital of the Company of 8.06% (i.e. the percentage of post-placement issued capital held by pre-placement security holders was 91.94%).

Further details of the approximate percentage of the resultant issued capital of the Company following the placement under Listing Rule 7.1A held by the pre-placement security holders and new security holders are as follows:

ew security holders are as follows:
Pre-placement securityholders who did notparticipate in theplacement	91.94%
Pre-placement securityholders who didparticipate in theplacement	0.00%
Participants in theplacement who were notpreviouslysecurityholders	8.06%

The equity securities were issued by the Company as a placement under Listing Rule 7.1A and not as a pro-rata issue or other type of issue in which existing ordinary security holders would have been eligible to participate as it was considered to be the most efficient and expedient method for raising the funds required to achieve the Company’s stated objectives. The Board is also cognisant of the benefits in introducing fresh investors in the Company to promote a more diverse register.

The placement was not underwritten.

The Company paid a total fee of 6% (plus GST) of the total placement funds.

Ends

FURTHER INFORMATION

T: +61 8 6500 0271 E: contact@whlenergy.com

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 12,856 km[2] exploration area offshore Seychelles, at 25% equity. A world class exploration portfolio and new exploration concepts are being matured in the acreage. WHL Energy has mapped a prospect and lead inventory containing at least 18 features. The Company farmed in proven East Africa explorer, Ophir Energy plc as Operator of the Block.

The high graded Junon leads are being matured for drilling with a 1,500 km[2 ] 3D seismic survey completed in July 2014. Additional new play concepts are being developed. 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 100% 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 La Bella 3D seismic survey was acquired in late 2013 to appraise the La Bella field and also firm up the exploration prospects. Initial results of the 3D seismic survey are encouraging and have identified structurally conformable amplitude anomalies associated with several of the key prospects.