ASX Release

19 March 2015

Marion Energy executes Deed of Company Arrangement

Further  to  previous  announcements,  Marion  Energy  Limited  (subject  to  deed  of  company  arrangement)  (ASX:MAE)  advises  that  it  has  entered  into  a  Deed  of  Company  Arrangement  under  Part  5.3A  of  the  Corporations  Act  2001.  
The  Deed  of  Company  Arrangement  includes  provisions  giving  effect  to  the  following  
proposal  approved  by  creditors:  
1. James  Patrick  Downey  is  the  Deed  Administrator.  
2. During   the   currency   of   the   DOCA,   a   moratorium   will   be   in   force   in   respect   of   all  unsecured   debts   incurred   prior   to   the   date   of   the   appointment   of   the  Administrator.  
3. The   moratorium   will   remain   in   place   until   the   end   of   a   creditors   meeting   called  
in  accordance  with  paragraph  5  below  which  must  be  called:  
a   one   month   after   the   conclusion   of   the   Chapter   11   process   in   respect   of  Marion  Energy  Inc;  or  
b   the  expiration  of  12  months  from  the  date  of  the  DOCA.  
4. The   DOCA   will   not   operate   to   limit   the   rights   of   any   secured   creditor   of   the  Company.  
5. As   soon   as   practicable   after   the   dates   referred   to   in   paragraph   3,   the   Deed  Administrator   will   call   a   meeting   of   creditors   of   the   Company   to   consider   and   if  thought  fit  to  pass  a  resolution  varying  or  terminating  the  DOCA.  

Marion Energy Limited

Per:  

Nick  Stretch  Company  Secretary  
(as  authorised  by  the  Administrator)  

Suite 802, 530 Little Collins St. Melbourne Victoria 3000 Australia

Marion Energy Limited (subject to deed of company arrangement) ABN 99 000 031 292

Tel: +61 3 9620 2223 Fax: +61 3 8692 9976 www.marionenergy.com.au