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19 December 2018

UPDATES PURSUANT TO RULE 704(23) OF THE LISTING MANUAL

1. UPDATES PURSUANT TO RULE 704(23) OF THE LISTING MANUALPursuant to Rule 704(23) of the Listing Manual ("Listing Manual") of the Singapore ExchangeSecurities Trading Limited ("SGX-ST"), the Liquidators announce updates relating to Linc EnergyLimited (In Liquidation) as follows:

1.1 FIRST DIVIDEND TO PRIORITY CREDITORSOn 17 December 2018, a first dividend to priority creditors was declared in accordance with theCorporations Act 2001 as follows:•

Section 556(1)(e) – 100 cents in the dollar•

Section 556(1)(g) – 100 cents in the dollar•

Section 556(1)(h) – 56 cents in the dollar.

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Guess that doesn't mean the shareholders