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16 October 2008 ELS 14 2009

MMAMANTSWE PROJECT FULL STEAM AHEAD

Integrated Energy Company, Aviva Corporation Limited (ASX:AVA, BSE:AVIVA), is pleased to provide an update on the technical and commercial progress at the 1.3billion tonne Mmamantswe coal project in Botswana, just 15km from the South African border, 250km northwest of Johannesburg.
Aviva is proposing a 12Mtpa coal mine to support a 1,000MW integrated power station and 8Mtpa of external sales.
Eskom, the South African power utility, has initiated two supply processes seeking up to 780Mt of coal supply over 40 years for its new power stations, and 4,500MW of
independent power generation.

Aviva has submitted an Expression of Interest to supply Eskom with 6-12Mtpa of coal over a 40 year period from the Mmamantswe deposit. The Mmamantswe deposit is located only 150km from planned Eskom power stations across the border and 70km from the railway servicing those locations.
Aviva Chief Executive Officer Lindsay Reed said the signs for sustained energy demand in Botswana and South Africa remained strong.

“The demand for electricity in the region continues to exceed the supply, a situation that Aviva expects to continue for many years despite the recent commitment by
Eskom to construct several very large coal fired power stations,” Mr Reed said.

Aviva in conjunction with SUEZ-GDF has submitted a qualification document for the supply of 1,000MW of independent power generation to Eskom. The document
proposes a compliant location across the border in South Africa or a preferred noncompliant location at Mmamantswe in Botswana. The locations are both situated within 10-70km of major transmission infrastructure proposed in both South Africa and Botswana.