ASIC Published Notices

Notice is given that a second meeting of the creditors of the Company, or a second meeting for each of the Companies, (for multiple companies), will be held:

(If multiple companies, see special instructions for meeting times)

The purpose of the meeting(s) is:

1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
   1. whether it would be in the creditors' interests for the Company(ies) to execute a deed of company arrangement;
   2. whether it would be in the creditors' interests for the administration to end;
   3. whether it would be in the creditors' interests for the company to be wound up;
3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) – (c) above;
4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
5. to receive details of any proposed deed of company arrangement; and
6. for the creditors of the Company(ies) to resolve that:
   1. the Company(ies) execute a deed of company arrangement; or
   2. the administration(s) should end; or
   3. the Company(ies) be wound up.

Other agenda items are:

1. to determine the remuneration of the administrator(s)
2. to determine the future remuneration of the administrator(s)
3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
4. if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
5. if the company is wound up to consider the early destruction of books and records
6. any other business

If Carbon Energy Limited is to execute a deed of company arrangement:

7. Consider the Trustee's remuneration for the Creditors Trust
8. Consider the appointment of a committee of inspection and if appointed, who are to be the committee members
9. Consider permitting any committee members to continue dealing with the Companies and their creditors on a business as usual basis during the external administration

If the Companies or any one of the companies are wound up:

10. Consider permitting any committee members to continue dealing with the Companies and their creditors on a business as usual basis during the external administration
11. Consider authorising the Liquidators to compromise debts under section 477(2A) of the Act
12. Consider authorising the Liquidators to enter into agreements that may take longer than 3 months to complete under section 477(2B) of the Act

Creditors wishing to attend are advised proofs and proxies are to be submitted to the Administrator by:

The Report to Creditors is available on the KordaMentha website.

The meetings are scheduled to be held concurrently.

Conference call facilities have been organised for these meetings. The conference call number is +61 3 8595 0853. Please contact Lex Dracakis by email at adracakis@kordamentha.com at least two business days prior to the meetings to advise that you will be using the conference call facilities and to be provided the conference call code. Your email must be accompanied by a completed Notice of Electronic Facilities for Meeting Form.

Creditors using the conference call facilities will not be considered as attendees at the meetings and will not be able to vote or participate in the meetings. If you wish to participate, you must attend in person or by proxy

Robert William Hutson
Administrator

Jarrod Lee Villani
Joint Appointees