8 December 2011Notice of Extraordinary General MeetingAs...

8 December 2011

Notice of Extraordinary General Meeting

As shareholders may be aware, Endocoal has recently received unsolicited approaches from a number of interested parties regarding potential corporate transactions at the asset and/or corporate level. The approaches to date are preliminary and incomplete, and it is highly uncertain whether they will lead to any proposal for consideration by the Company's directors and shareholders.

Under the ASX Listing Rules, companies may not issue securities, without shareholder approval, for a period of 3 months after being notified in writing that a party is making, or proposes to make, a takeover bid. This has the potential to limit Endocoal’s funding options in the immediate future.

The purpose of the EGM is to provide Endocoal with the flexibility to place up to 30 million securities on terms to be approved by Endocoal’s shareholders.