Neon Energy : MEO: MEO receives $400,000 Reimbursement Fee from Neon

March 15, 2007 MEO Australia Limited

ABN 43 066 447 952

Tel: +61 3 8625 6000

Level 20 Fax: +61 3 9614 0660

500 Collins Street Email: admin@meoaustralia.com.au

Melbourne Victoria 3000 Australia Website: www.meoaustralia.com.au

ASX RELEASE 24 December 2014 MEO receives $400,000 Reimbursement Fee from Neon

MEO Australia Limited (ASX:MEO) (MEO) confirms that it has received from Neon Energy Limited (ASX:NEN) (Neon) the Reimbursement Fee of $400,000 due and payable under the Merger Implementation Agreement (MIA). The Reimbursement Fee is a fee payable to MEO pursuant the MIA in circumstances where one or more Neon directors recommend that Neon shareholders accept a Competing Proposal of any kind.
MEO considers the MIA to be terminated and will not proceed with the Proposed Scheme.

Mr Greg Short

Non-Executive Chairman