Linc Energy Ltd : LNC - Lodgement of Prospectus

26 November 2013

ASX Code: LNC OTCQX Code: LNCGY

Linc Energy Ltd (ASX: LNC) is pleased to announce that yesterday evening it lodged its preliminary offering document (Preliminary Prospectus) with the Monetary Authority of Singapore (MAS). A copy of the Preliminary Prospectus is appended to this announcement in several parts.
The Preliminary Prospectus is now subject to an 'exposure period' of a minimum of 14 days (Exposure Period). The purpose of this Exposure Period is to enable investors to examine the Preliminary Prospectus prior to the raising of funds. That examination may result in identification of deficiencies in the Preliminary Prospectus and in those circumstances; the Preliminary Prospectus may be amended. The offering document in its final form (Final Prospectus) may be registered by the MAS at the end of the Exposure Period. Following registration, the offer under the Final Prospectus (Offer) will be open to retail investors to whom the offer may lawfully be made and Linc Energy may proceed to process applications from investors.

Linc Energy anticipates that it will not apply to the ASX for removal from the Official List of the ASX until 18 December 2013. The revised timetable is provided below. The dates listed below are indicative only and subject to change and are subject to a number of factors, including listing, regulatory, corporate, market and other factors.

ASX Code: LNC OTCQX Code: LNCGY

The Company advises that in accordance with Singapore listing requirements and subject to receipt of Australian regulatory approvals:
• each of Newtron Pty Ltd (Newtron) and ISNY Pty Ltd (ISNY) (companies associated with Mr Peter Bond) will enter into an agreement with the Joint Bookrunners and Joint Lead Managers for the Offer (Credit Suisse (Singapore) Limited, DBS Bank Ltd. and J.P. Morgan (S.E.A.) Limited) which provides in summary, that they will not (subject to certain exceptions) offer, sell, contract to sell, grant an option to purchase, grant security over, or otherwise transfer or dispose of, directly or indirectly:
o any Linc Energy shares held by them as of the date Linc Energy is admitted to the SGX (Listing Date) without, in each case, the prior written consent of the Joint Bookrunners and Joint Lead Managers (such consent not to be unreasonably withheld), from the date of the Singapore Offer Agreement (anticipated to be entered into by Linc Energy and the Joint Bookrunners and Joint Lead Managers on or before the Listing Date) until six months after the Listing Date (both dates inclusive) (First Lock-up Period); and
o 50% of Linc Energy shares held by them as at the Listing Date, for the period commencing on the day immediately following the expiry of the First Lock-up Period until the date falling six months from such day (the Second Lock-up Period).
• Mr Peter Bond will enter into an agreement with the Joint Bookrunners and Joint Lead Managers which provides in summary, that he will not (subject to certain exceptions) offer, sell, contract to sell, grant an option to purchase, grant security over, or otherwise transfer or dispose of, directly or indirectly, any Linc Energy shares, any ordinary shares of Newtron (Newtron Shares) or any ordinary shares of ISNY (ISNY Shares) held by him as of the date of the Singapore Offer Agreement and the Listing Date, without, in each case, the prior written consent of the Joint Bookrunners and Joint Lead Managers (such consent not to be unreasonably withheld) for the First Lock-up Period and the Second Lock-up Period.
The lock-up arrangements are a requirement of the SGX. For further detail on the proposed lock- ups, please refer to 'Summary of the Offering' on pages 14 and 15 (inclusive) of the Preliminary Prospectus and 'Lock-up Arrangements on pages 223-225 (inclusive) of the Preliminary Prospectus.

Media contact: FCR

Contact : James Strong (0423 338 005) or Anthony Tregoning (0411 852 448)

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ASX Code: LNC OTCQX Code: LNCGY

Note:

The Preliminary Prospectus does not constitute an offer or invitation to subscribe for any securities and neither the Preliminary Prospectus nor anything contained in the Preliminary Prospectus will form the basis of any contract or commitment whatsoever. No person will be bound to enter into any contract or binding legal commitment and no monies or other form of consideration is to be accepted on the basis of the Preliminary Prospectus. No offer or invitation to subscribe for any shares to which the Preliminary Prospectus relates will be made or received on the basis of the Preliminary Prospectus. No agreement to subscribe for any shares to which the Preliminary Prospectus relates will be made on the basis of the Preliminary Prospectus. The Preliminary Prospectus does not constitute an offer or invitation in relation to any securities to which the preliminary offering document relates in any place in which, or to any person to whom, it would not be lawful to make such an offer or invitation. The information in the Preliminary Prospectus is subject to further verification of, and updating, revision, amendment and completion in the final offering document. Any decision to subscribe for securities must be solely on the basis of information contained in the Final Prospectus or other offering document which may be issued by Linc Energy, which information may be different from the information contained in the Preliminary Prospectus. The shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state of the US or other jurisdiction and may not be offered or sold within the US, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended and any applicable U.S. state or local securities laws.

Linc Energy is focused on both conventional and unconventional oil and gas production. The Company owns a diverse and world-class commodity portfolio that includes oil, gas, shale and coal.
Conventional oil and gas is focused onshore USA (Alaska, Texas, Louisiana and Wyoming) with current production expected to grow significantly from the Company's existing reserves.
Unconventional oil and gas is focused on our world leading capability in Underground Coal Gasification, the process of converting coal into a valuable synthetic gas in situ. Linc Energy has constructed and commissioned the world's only UCG to GTL demonstration facility. The Company also owns and operates the world's only commercial UCG operation in Uzbekistan, which supplies syngas to a nearby power station.
Linc Energy is listed on the ASX (Australia) and the OTCQX (USA).

Media contact: FCR

Contact : James Strong (0423 338 005) or Anthony Tregoning (0411 852 448)

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