email from manager

Mr Z

Thanks for your support and interest as an AWE shareholder.

As we said in our recent quarterly and half yearly results, the Board is reviewing all forms of capital management. The first stage was initiated by the repayment of our corporate debt.

We are reviewing a number of mechanisms at present, but I cannot promise that these will be undertaken or what timeframe will be looked at in this.

I hope this answers your question.

If you have any further queries, please don’t hesitate to give me a call.

Regards

Garry Marsden
Corporate Development Manager
Australian Worldwide Exploration

Phone:02 9460 0165




From: Zahn
Sent: Thursday, 13 March 2008 11:31 AM
To: Charlotte Jordan
Subject: Shareholder

Hi,

I am a shareholder of AWE. Can you please advise if the company is considering some kind of special dividend or capital return to shareholders?