CUMNOCK COAL LIMITED(CMK)

Since delisting from ASX this entity has been privatised. We are no longer monitoring its activities.

delisted following an equal capital reduction by cancelling all of the ordinary shares in the Company and simultaneously issuing Helios Australia Pty Limited with one new ordinary share in the Company

we understand the company reduced its capital from 250,530,960 to zero by cancelling 250,530,960 ordinary shares in consideration of the payment of $0.57 for each ordinary share cancelled to the holders of ordinary shares

the Company confirms that it has now effected an equal capital reduction under section 256B(1) of the Corporations Act, by cancelling all of the ordinary shares in the Company and simultaneously issuing Helios Australia Pty Limited (ABN 25 111 756 382) ("Helios") with one new ordinary share in the Company - Helios has advised the Company that it has today procured the despatch of the consideration payable to each of the Company's shareholders who were recorded on the Company's register on 31 August 2007

we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - merger with a subsidiary of Xstrata Plc - this corporate event may appear elsewhere in this company record

securities suspended from quotation at the close of business today at the request of the Company, pursuant to the proposal to reduce the Company's share capital whereby the Company will become a wholly owned subsidiary of Helios Australia Pty Limited

at a General Meeting today, a resolution to reduce the company's capital from 250,530,960 to zero by cancelling 250,530,960 ordinary shares in consideration of the payment of $0.57 for each ordinary share cancelled, was approved by 99.98% of votes cast on the resolution by Cumnock shareholders present and voting (either in person or by proxy)

suspension of trading in the securities lifted immediately, following the change of the Company's record date from Monday, 27 August 2007 to Friday 31 August 2007 in relation to the proposal to reduce the Company's share capital whereby the Company will become a wholly owned subsidiary of Helios Australia Limited - if shareholders approve the Proposal on Friday, 24 August 2007, trading in the Company's securities will be suspended at the close of business on that day

securities suspended from quotation at the close of business today at the request of the Company, pursuant to the proposal to reduce the Company's share capital whereby the Company will become a wholly owned subsidiary of Helios Australia Pty Limited