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FSE - Firestone Energy Limited - Breach of Trading Policy FIRESTONE ENERGY LIMITED (formerly: Centralian Minerals Limited) (Incorporated in Australia) (Registration number ABN 058 436 794) Share code on the JSE Limited: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 (SA company registration number 2008/023973/10) ("FSE" or "the Company") Breach of Trading Policy Firestone Energy Limited (ASX/JSE:FSE - "Firestone" or "the Company") Firestone refers to the attached appendix 3Y "Change of Director`s Interests Notice" lodged today by Mr David Perkins, a director of the Company. Mr Perkins purchased 2,000,000 ordinary shares on 4 May 2011, two days after Firestone announced that it proposed to offer shareholders of Firestone (who were shareholders at 5pm on Friday, 29 April 2011) the opportunity to subscribe for shares under a share purchase plan (SPP) and be allocated free attaching options under an accompanying prospectus (Prospectus). Mr Perkins immediately informed the Company of the trade and acknowledged that he had inadvertently traded in a prohibited period by reason of the Prospectus being a "disclosure document offering securities" for the purposes of the Company`s trading policy. The Prospectus under which the free attaching options are offered to shareholders is not itself intended to raise funds, but is required for technical reasons due to the inclusion of free attaching options under the SPP (SPPs without options are exempt under ASIC Class Order (CO 09/425) from the disclosure provisions contained in Chapter 6D of the Corporations Act 2001 (Cth)). For the purpose of clarity, Mr Perkins` trade does not render him eligible to participate under the SPP as it occurred after the record date. The Company takes its securities trading policy seriously and the Company Secretary has reminded all Directors and Senior Management of their obligations. In this instance the Company is satisfied that the trade and subsequent breach of the Trading Policy was unintentional. Jerry Monzu Company Secretary Firestone Energy Limited 10 May 2011 Pretoria Sponsor and Corporate Advisor River Group Date: 10/05/2011 10:04:16 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
