Kagara Limited (ASX: KZL)

SHARE PURCHASE PLAN CLOSING DATE EXTENDED TO 25 FEBRUARY 2009

Kagara Ltd (ASX Code: KZL) advises that the Share Purchase Plan (SPP) as announced on 2 February 2009, which was due to close on 18 February 2009 has been extended and will now close at 5.00pm WDST on Wednesday 25 February 2009.

Due to postal delays caused by recent events in Queensland and Victoria, today?s announcement in relation to listing our gold assets and  Westpac Banking Corporation confirming today to extend the maturity date of the A$50 million corporate facility to 30 June 2009, the directors have decided to  extend the closing date of the SPP to Wednesday 25 February 2009 in order for shareholders who have not lodged their application, to have adequate time to assess whether or not they wish to participate.

If shareholders wish to participate in this offer, they need to return their personalised application form to Security Transfer Registrars Pty Ltd, PO Box 535, Applecross, WA 6953 with payment, so that it is received no later than 5.00pm WDST on Wednesday 25 February 2009.

Please note, that to help facilitate timely lodgement, payment will now be accepted by electronic banking into the Company?s bank account, detailed below;

                          Company:                     Kagara Ltd

                          Bank:                           National Australia Bank

                          Branch:                        Hay Street, West Perth

                          BSB:                             086 492

                          Account No.:               51939 7796

                          Reference:                   Your Holder No. on the application form (HIN/CHESS)

Shareholders paying by electronic banking must also note on their completed SPP Application form that they have electronically transferred the funds, the date transferred and then either scan and email their completed form to Security Transfer Registrars at registrar@securitytransfer.com.au or fax it to (08) 9315 2233.

Kind regards,

David Peterson

COMPANY SECRETARY

READ CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au 

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