Conditional offer to acquire up to an additional 13.12% of Corallian Energy Limited and Victory Operational Update Reabold, the investor in upstream oil and gas projects, is pleased to announce that it has conditionally offered to acquire additional Corallian Energy Limited ( Corallian ) shares from existing Corallian shareholders, in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share (the Offer ), potentially increasing Reabold s shareholding in Corallian to a maximum of 49.99%. Highlights: · Share offer to acquire up to 13.12% of Corallian Energy shares at a ratio of 474 Reabold shares per Corallian share · The Offer could significantly increase Reabold s position in the low-risk, high potential Victory Gas Discovery to up to 49.99%