KUTh Energy Limited : Geodynamics compulsory acquisition

16 December 2013 Geodynamics Compulsory Acquisition of KUTh Energy Limited Shares

As previously announced, Geodynamics Limited ACN 095 006 090 (Geodynamics) now holds a relevant interest of 90.94% of the issued shares of KUTh Energy Limited (KUTh), providing Geodynamics with the right to compulsorily acquire all the remaining KUTh shares for which it has not already received acceptances of its takeover offer.
Accordingly, in accordance with section 661B(1)(d) of the Corporations Act we provide Form 6021 (Compulsory Acquisition Notice) and the covering letter to be sent to the remaining shareholders in KUTh.
The Compulsory Acquisition Notice was lodged with the Australian Securities and Investments Commission today in accordance with section 661B(1)(b) of the Corporations Act.
The Compulsory Acquisition Notice and the covering letter will be sent to the remaining
KUTh shareholders no later than 18 December 2013.

Geoff Ward Managing Director and Chief Executive Officer

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16 December 2013
Dear KUTh Shareholder,

Geodynamics Limited Takeover Offer for shares in KUTh Energy Limited Compulsory Acquisition of your KUTh Shares

I refer to the Geodynamics Limited (Geodynamics) Takeover Offer for all of the shares in KUTh Energy
Limited (KUTh).
Geodynamics now holds a relevant interest in more than 90% of the KUTh shares on issue. Accordingly, Geodynamics will now compulsorily acquire the remaining KUTh shares under the compulsory acquisition provisions of the Corporations Act. The compulsory acquisition will be on the same terms as the Takeover Offer, being one (1) Geodynamics share for each five and a half
(5.5) KUTh shares you hold.
According to our records, we have not received a valid acceptance of the Takeover Offer from you. Therefore, unless you have already posted your acceptance, your KUTh shares will be subject to the compulsory acquisition procedure.
We enclose an Australian and Securities Commission (ASIC) Form 6021 (Notice of compulsory acquisition following takeover bid) which Geodynamics is required to give you under
section 661B(1)(c)(i) of the Corporations Act to exercise its right to compulsorily acquire your KUTh
shares. This form, which has been filed with ASIC, sets out the compulsory acquisition procedure and your rights in relation to it. Please read this form carefully.
At the conclusion of the compulsory acquisition procedure, likely to be in about six weeks time, Geodynamics will, in accordance with the requirements of the Corporations Act, issue the Geodynamics shares to which you are entitled to KUTh, which will hold those shares for you. Those Geodynamics shares will not be transferred to you automatically - you will need to claim them from KUTh.
If you have any questions relating to the Offer please call the Offer Information Line on [phone]
176.

Yours faithfully

Geoff Ward

Chief Executive Officer and Managing Director

Geodynamics Limited

Level 3 19 Lang Parade, PO BOX 2046 Milton 4064

Tel: [phone] Fax: [phone] Email: [e-mail]

ABN: 55 095 006 090

Australian Securities & Investments Commission

Form 6021

Corporations Act 2001

661B(1)(a)

Notice of compulsory acquisition following takeover bid

Notice To each holder of:

Description of class of securities to which the bid relates

Ordinary shares

('Bid Class Securities')

in

Name of target company or body Name ('the Company') KUTh Energy Limited ACN/ARBN/ARSN

ABN 33 125 694 920

Tick applicable box(es)

and each holder of securities that will or may be converted into, or confer rights to be issued, in the next 6 weeks, securities to which the bid related.

and each holder of non-transferable securities issued under an employee incentive scheme referred to in paragraph 2.

1. Under a takeover bid offers were made by

Name of bidder Geodynamics Limited

in respect of the acquisition of Bid Class Securities in the company. The offers

Tick one box