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King Country Energy Comments on Shareholder Approach

King Country Energy Comments on Shareholder Approach

It has been brought to our attention that a company called Zero Commission NZ Ltd has communicated with some King Country Energy Ltd shareholders with a view of purchasing shares.

We are unable to comment on the nature of this offer or the company involved, however, as of 11am on the 1st of December 2010, the last share trade on the 23rd of November 2010 was at a price of $3.86 per share, compared to the offer being made by Zero Commission NZ Ltd of $3.30.

King Country Energy Ltd is registered with Unlisted and shareholders are able to trade their shares through Unlisted, using a licensed broker. We refer shareholders to the following website for detailed share trading information. www.unlisted.co.nz The King Country Energy code is KCE.

We recommend that shareholders seek independent advice if they have any uncertainty regarding this matter. The Securities Commission provide some guidance on this matter and this can be accessed via the following link. www.sec-com.govt.nz/invest/articles/270810.shtml

ENDS

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