roadshow

Acquisition of Bandanna Coal subject to shareholder approval at General Meeting to be held on
15 September 2008
- 3,018,750,000 New Shares issued to Bandanna vendors as consideration, representing
94.52% of the enlarged issued capital of Enterprise post completion
- 1:10 share consolidation
- Change the merged Company name to ‘Bandanna Energy Limited’

New Board to consist of Jeremy Barlow as Chairman, Raymond Shaw as CEO, Robert Johansen as
Non-Executive Director plus two additional independent directors are to be appointed

The Independent Expert, DMR Corporate has formed the opinion that the Proposed Transaction is
fair and reasonable, to Enterprise's Non-Associated Shareholders

As part of the overall transaction, Enterprise proposes a capital raising of up to $40 million by
way of a Prospectus