Request for extension of Voluntary Suspension – Firestone Energy Limited FIRESTONE ENERGY 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’) REQUEST FOR VOLUNTARY SUSPENSION 9 July 2015 ASX Limited Level 40 Central Park 152 – 158 St George’s Terrace PERTH WA 6000 Attn: Ben Tippett By email: tradinghaltsperth@asx.com.au Dear Ben Request for Voluntary Suspension – Firestone Energy Limited Firestone Energy Limited (FSE) hereby requests an extension to its voluntary suspension in the trading of its securities which is due to expire pre-open on 10 July 2015. In accordance with ASX Listing Rule 17.2, FSE advises that: (a) it is seeking the extension to the voluntary suspension to allow time for its parent company, The Waterberg Coal Company Limited (WCC), to finalise a proposed third party funding arrangement to replace its existing funding arrangement (Facility) with Standard Bank of South Africa (SBSA), which is due for repayment on 9 April 2015 (as announced on 17 March 2015). The completion of discussions and documentation for the replacement funding represents a significant transaction and the final terms of the proposal will impact FSE's ability to carry out its future objectives; (b) WCC has advised that SBSA will maintain the Facility as “on demand”, rolling daily basis to give the discussions time to progress; (c) FSE is of the view that re-instatement of trading for its securities at this time is likely to be materially prejudicial to WCC’s ability to successfully complete the complex funding transaction contemplated which is critical to both WCC’s and FSE’s financial viability. (d) it expects the voluntary suspension to remain in place until the earlier of: (i) the date that it has made an announcement in respect of WCC’s proposed funding arrangement; and (ii) commencement of trade on 10 August 2015; (e) it is not aware of any reason why the securities should not be suspended; and (f) is not aware of any other information necessary to inform the market about the suspension. Yours faithfully E L (Lee) Boyd Company Secretary Firestone Energy Limited Johannesburg 9 July 2015 Sponsor River Group Date: 09/07/2015 09:55:00 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.