ZIMI LIMITED — Capital/Financing Update 2016

Nov 9, 2016

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WHL Energy Ltd

ABN: 25 113 326 524 Ground Floor, 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

10 November 2016

ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

Option Expiry Notice – 30 November 2016 Options

The company provides the following information in relation to 3,638,715 quoted options (WHNO) exercisable at $0.18 (18 cents) each and expiring on 30 November 2016.

• (i) The company will not send to optionholders an Option Expiry Notice.

• (ii) If the market price of the Company's shares exceeds $0.135 (13.5 cents) before the option expiry date, the Company will immediately send an Option Expiry Notice to holders of the options.

• (iii) The total number of options expiring on 30 November 2016 is 3,638,715.

• (iv) The exercise price of the options is $0.18 (18 cents) per option.

• (v) The due date for payment is 30 November 2016. The consequences of non-payment of the exercise price of the options is that the option will automatically lapse if not exercised before 5.00pm WST on 30 November 2016.

• (vi) The company’s securities have been suspended from official quotation since 12 September 2016, and will remain suspended until the Company has complied with Chapters 1 and 2 of the Listing Rules in accordance with Listing Rule 11.1.3.

• (vii) The latest available market price of the fully paid ordinary shares on 19 August 2016 was $0.001 (0.1 cents).

• (viii) The highest market price of the shares in the three months immediately preceding this announcement has been $0.001 (0.1 cents).

• (ix) The lowest market price of the shares in the three months immediately preceding this announcement has been $0.001 (0.1 cents).

Neville Bassett Company Secretary