result of kah agm, page-2

"The passing of resolutions 7 and 8 allows the directors of the Company to issue
17,890,000 new ordinary shares of 1 pence each in the Company ('the Placing
Shares'), pursuant to the equity fundraising as announced on 1 May 2009 ('the
Placing'). It is intended that the Placing Shares will be admitted to AIM on 15
May 2009. The net proceeds of the Placing will be used to provide Kalahari with
the capacity, to the extent that it is able, to maintain up to a 40% stake in
Extract Resources Ltd (ASX and TSX: EXT) ('Extract'), a maximum level requested
by Rio Tinto International Holdings Australia Pty Ltd ('Rio Tinto'). Kalahari's
current holding in Extract, which has what is considered to be a world class
uranium focussed portfolio in Namibia, represents 38.68% of its issued share
capital."

What deal have KAH struck with Rio to agree to not exceeding 40%!

The plot thickens!

Regards

Steve