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RNS Number : 5991X

Wasabi Energy Limited

14 January 2014

14 January 2014

Financial Reporting Relief

I announce that Wasabi Energy Limited (Administrators Appointed) (the Company) intends to rely on ASIC class order relief granted under (CO 03/0392) (Class Order) to obtain relief from its obligations to prepare and lodge the audited financial and directors reports.

In accordance with the Class Order, if required, the Company is given until 30 June 2014 to report to members and lodge its report for the half year ended December 2013, being six months after the date of the appointment of administrators..

Members with reasonable enquiries about the Company are invited to submit their enquiries free of charge, to Aaron Fisher at Aaron.Fisher@fh.com.au or (03) 9604 5173.

In the first instance, we recommend that members refer to announcements made on the AIM Market Announcements Platform in relation to the Company's external administration, as well as ASIC's guidance to shareholders on the voluntary administration process, available at the following link:

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Insolvency_guide_for_shareholders.pdf/$file/Insolvency_guide_for_shareholders.pdf

ENDS

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