BLUE ENSIGN TECHNOLOGIES LIMITED(BLE)

company deregistered today

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2017/18

delisted at the company's request, as approved by shareholders at the General Meeting held on 28 May 2010

we understand directors provided the following reasons for the delisting of the company: Blue Ensign's shares have been suspended from trading on the ASX since July 2001 pending recompliance with Chapters 1 and 2 of the Listing Rules. • The Company share register has changed significantly since July 2001. • The Company has attempted to comply with re-quotation requirements on several occasions, with different business ventures, however without success. • The Company has been unable to raise sufficient funds and shareholder spread to satisfy requotation, and is unlikely to be in a position to satisfy re-quotation requirements in the imminent future. • The company has evaluated the on-going costs associated with maintaining ASX listing outweigh any benefits being received by retaining the listing

the Company will be delisted from the ASX. In accordance with the requirements of the ASX detailed in the announcement dated 23 April 2010, and following shareholder approval received at the General Meeting held today, the Company will be removed from the Official List of the ASX at the close of trading Friday 4 June 2010

a General Meeting of the members of BLUE ENSIGN TECHNOLOGIES LIMITED will be on Friday 28 May 2010 at 11.00am AEST at the offices of the Company located at Level 3, 80 Arthur Street, North Sydney, NSW 2060 - this to consider the proposal to delist from ASX

the Board of Blue Ensign Technologies Limited (‘Blue Ensign' or ‘the Company') has decided, after due consideration, to propose to shareholders that Blue Ensign shares be remove from the Official List of the ASX - Blue Ensign has applied to ASX to seek removal from the Official List under ASX Listing Rule 17.11. Blue Ensign's application has been accepted, subject to three usual conditions which are noted in the letter from ASX which is appended to this release, namely: • The release of the letter to Blue Ensign from ASX to the market; • The approval of the delisting by shareholders at a general meeting (‘Approval Meeting'); and • The passing of a period of at least one month between ratification of the delisting at the Approval Meeting and actual removal from the Official List. Blue Ensign intends to set a date for the Approval Meeting in the coming week, and hopes to release a notice of meeting by 30 April 2010

company releases its half year accounts

resolutions considered at today's meeting were passed

issues 2m shares and 2m options to Empire Securities as an engagement fee for Empire to raise capital and provide financial advice

company releases its Half Year Accounts

the resolutions considered at the Annual General Meeting held in Sydney today at 11 am were passed by shareholders on a show of hands

the Annual General Meeting will be held at 11 am AEST on 30 May 2008 at Suite 202, Angela House, 30-36 Bay Street, Double Bay, NSW

company advises the Exploration Permit for Minerals Number 12863 ("EPM") held by Queensland Shale Oil Limited (a wholly owned subsidiary of Blue Ensign) has been renewed for two years from 22 February 2008 to 21 February 2010 without any relinquishment

company releases its 2007 Annual Report

the Offer of shares closed on 15 March without meeting the requirements for re-quotation of the Company's shares - the board has resolved to seek to raise additional working capital by private placements of shares and options pursuant to offers made to those investors for whom a prospectus is not required by law - the additional working capital raised will enable the Company to pursue the funding for the proposed pilot plant program

company issues a Third Supplementary Prospectus - among the matters dealt with by the Third Supplementary Prospectus is the extension of the Closing Date for the Offer under the Prospectus dated 27 November 2007 to 15 March 2008

company advises of the death of John Rendall who was the inventor and developer of the Rendall Process - he was also the general partner of JSG-A, a limited partnership which is Blue Ensign's largest shareholder, holding 42.7% of the ordinary shares currently on issue

the Board of directors of the Company resolves to extend the Closing Date for the offer under the Replacement Prospectus dated 27 November 2007 to 22 February 2008

a Supplementary Prospectus to be read in conjunction with the Replacement Prospectus dated 27 November 2007 is issued by Blue Ensign Technologies Limited - the Directors of Blue Ensign Technologies Limited have extended the Offer and the amended Closing Date is 25 January 2008

company advises that the resolution "that for the purposes of ASX Listing Rules 7.1 and all other purposes, approval is given to the Directors to allot and issue up to 62,500,000 Shares each at an issue price of 40 cents per Share to raise up to $25,000,000 under the BLE Pospectus to investors who subscribe for Shares under the BLE Prospectus on the terms set out in the Explanatory Memorandum" was passed by shareholders on a show of hands at the General Meeting held in Sydney today

on 20 November 2007, the Australian Securities and Investments Commission extended the exposure period under section 727(3) of the Corporations Act 2001 (Cth) for the Company's prospectus, to end on 27 November 2007 being a date not later than 14 days after lodgement of the prospectus with ASIC

notice is given that a General Meeting will be held at 11 am on 14 December 2007 at Suite 202, Angela House, 30-36 Bay Street, Double Bay, NSW

company announces that today it has lodged with ASIC a Prospectus for an Offer of 25 million Shares at 40 cents per share to raise $10 million - the Offer is subject to a Minimum Subscription of 6.25 million Shares to raise $2.5 million - the Directors have reserved the right to accept oversubscriptions of up to a further 37.5 million Shares to raise up to a further $15 million

company announces that on 17 August 2007, the IP Assignment Agreement dated 20 June 2007 between RP International Pty Limited (a wholly owned subsidiary of the Company), JSG-A Limited Partnership (the owner of the intellectual property related to the Rendall Process - a patented solvent extraction technology for the production of oil from oil shale) and other parties was completed

resolutions 1 to 6 were passed by shareholders on a show of hands at the General Meeting held in Sydney today

Blue Ensign intends to raise A$60 million in an IPO of its wholly owned subsidiary, Queensland Shale Oil Limited, the holder of EP 12368 at Julia Creek in Queensland, which hosts a resource with production potential estimated at 1.5 to 2 billion barrels of oil - the majority of the funds raised by QSO will be used to build a pilot demonstration-scale plant at Townsville, as a necessary step in the planning for the first commercial scale plant and mine to be developed at Julia Creek

a General Meeting will be held at 11 am on 15 August 2007 at Suite 202, Angela House, 30-36 Bay Street, Double Bay, NSW

the company provides information about agreements related to the Rendall process

releases an Annual Report & Full Year Accounts

gives notice that the Annual General Meeting will be held at 11 am on 4 June 2007 at Suite 202, Angela House, 30-36 Bay Street, Double Bay, NSW

releases its June 2006 Half Yearly Financial Report

company confirms it is still on track to achieve the re-quotation of its shares by June of next year

announces the appointment of Ms Tatiana Kouznetsova as Company Secretary - Christopher Ryan, has resigned as Company Secretary in order to devote attention to his role as Executive Chairman of the Company

company advises that it has sold its entire shareholding in Utbox Pty Ltd (and its subsidiary Envio Pty Ltd) and in so doing the Company has divested its interest in its unified messaging business

provides a Julia Creek Drilling Program Update

the various resolutions considered by shareholders at the AGM today were approved

company releases its half year accounts to 30 June 2005 and annual report to 31 December 2005

company announces its intention to acquire Australian Thermal Solutions Pty Limited, a company involved in the oil from oil shale extraction process

the advice released to the ASX on 21 December 2005 was in error as it understated the number of new shares and options issued

the company advises it will make an announcement, probably this week, in relation to a backdoor listing acquisition

the company has placed 1,250,000 new shares at 10 cents per share, to raise $125,000 of working capital (see also note of 20/03/2006)

company advises that the resolutions proposed at today's meeting were passed on a show of hands

provides notice of the annual general meeting to be held at 11 am on 22 November 2005 at Suite 202, Angela House, 30-36 Bay Street, Double Bay, NSW - the resolutions include proposals for the re-election of a director, the issue of shares to related parties and ratification of the placement of shares

Michael John Slade advises of the issue to himself of 250,000 shares (voting power 8.86%) in the company for a cash consideration of $25,000

lodges annual report to 31 December 2004

the board is currently looking at the possibility of making this company available as a shell for a "back door" listing

company advises of a change in its registered and principal place of business to: Suite 202, Angela House 30-36 Bay Street Double Bay NSW 2028 Telephone: 02 9363 5088 Facsimile: 02 9363 5488

this is still a listed company but directors appear ignorant of the fact that the company has shareholders - the company's website features (prominently) details of an offer that closed on 15 October 2004 - what happened to the offer and why has the market not been informed?

virtually nothing of substance has been released to the market since this company changed its name from Pacific International Limited in August 2004 - where are the directors??

no announcement from the company since 26 August - strange given the expected closing date for the share offer was 15 October 2004

prospectus for the issue of 15m shares at an issue price of 20 cents a share lodged with ASIC

name changed from Pacific International Limited