announcement out

ASX RELEASE
14 October 2011
MARKET UPDATE – CORPORATE RESTRUCTURING
The Board of Marion Energy Limited (MAE, MAEO, MAEOA) provides the following update relating to
its corporate restructuring.
?? As advised to the market on 6 September 2011, MAE’s management have continued to pursue their
restructuring and capital management initiatives deemed necessary for the Company to enable it to
continue to fully pursue its operations. Pursuant to this, the Directors have appointed 333 Capital, a
boutique advisory and corporate turnaround practice to assist with this process.
?? 333 Capital are working with the board and management to examine a number of options for the
restructure of the company and its financial position.
?? With the assistance of 333 Capital, the Directors are working to advance the restructuring efforts in an
orderly fashion. In addition, the Company is in discussions with a number of potential investor groups
regarding providing recapitalisation funding.
?? The Directors also further advise that no accounts for the period ending 30 June 2011 will be filed at
this time.
?? The market will be kept informed of material developments.