ZIMI LIMITED — Share Issue/Capital Change 2016

Nov 2, 2016

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

WHL ENERGY LIMITED

Applicable security for the reorganisation

WHN ORDINARY FULLY PAID WHNOA OPTION EXPIRING 30-JUN-2018 WHNO OPTION EXPIRING 30-NOV-2016 WHNAI OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Announcement Type

New Announcement

Date of this announcement

Thursday November 3, 2016

Reorganisation type

Security consolidation

Effective Date

Friday December 2, 2016

Record Date

Monday December 5, 2016

Issue Date

Monday December 12, 2016

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

WHL ENERGY LIMITED

Registration Number

1.2 *Registered Number Type

ABN

25113326524

1.3 *ASX issuer code

WHN

1.4 *The announcement is

New announcement

Notification of Consolidation/Split

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1.5 *Date of this announcement

Thursday November 3, 2016

1.6 *Securities affected by the reorganisation

WHN ORDINARY FULLY PAID WHNOA OPTION EXPIRING 30-JUN-2018 WHNO OPTION EXPIRING 30-NOV-2016 WHNAI OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Wednesday or actual? received/condition approval November 30, 2016 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Monday December 5, 2016

3.2 Date of +security holder meeting

Wednesday November 30, 2016

3.3 Last day for trading in the pre-re-organised +securities

Thursday December 1, 2016

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Friday December 2, 2016

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3.5 Record date

Monday December 5, 2016

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Tuesday December 6, 2016

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Monday December 12, 2016

3.8 Trading starts on a normal T+2 basis

Tuesday December 13, 2016

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Thursday December 15, 2016

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every 83

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
WHN Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
5,564,983,246 67,047,991
ASX +Security Code ASX +Security
WHNOA Description
OPTION EXPIRING
30-JUN-2018
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
608,361,121 7,329,652
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ASX +Security Code ASX +Security
WHNO Description
OPTION EXPIRING
30-NOV-2016
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
3,638,715 43,840
ASX +Security Code ASX +Security
WHNAI Description
OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
369,300,000 4,449,398
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
WHNOA OPTION EXPIRING
30-JUN-2018
Quoted/unquoted Exercise price before Exercise price after
Quoted reorganisation reorganisation
0.00200000 0.16600000
ASX +Security Code ASX +Security Description
WHNO OPTION EXPIRING
30-NOV-2016
Quoted/unquoted Exercise price before Exercise price after
Quoted reorganisation reorganisation
0.18000000 14.94000000
ASX +Security Code ASX +Security Description
WHNAI OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.00000000 0.00000000
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Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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