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Mon 11 Jul 2011, 10:53 FSE - Firestone Energy Limited - Firestone Completes South African component of
FSE
FSE                                                                             
FSE - Firestone Energy Limited - Firestone Completes South African component of 
SPP offer                                                                       
FIRESTONE ENERGY LIMITED                                                        
(Incorporated in Australia)                                                     
(Registration number ABN 058 436 794)                                           
Share code on the JSE Limited: FSE                                              
Share code on the ASX: FSE                                                      
ISIN: AU000000FSE6                                                              
(SA company registration number 2008/023973/10)                                 
("FSE" or "the Company")                                                        
Firestone Completes South African component of SPP offer                        
FSE wishes to advise shareholders that the Share Purchase                       
Plan (SPP) (as applicable to South African shareholders)                        
has closed and raised a total of ZAR1 683 500 before costs.                     
Shareholders (other than related parties of FSE) who participated in the SPP    
have also been granted one free attaching option, exercisable at ZAR0,28 per    
share and expiring on 31 May 2014, for every two shares subscribed for under the
SPP.                                                                            
On 18 July 2011 FSE will accordingly issue 12 025 000 fully paid ordinary shares
along with 6 012 500 free attaching options exercisable at ZAR0,28 each, to SPP 
participants.  The shares and options are expected to be listed on the JSE on 18
July 2011.                                                                      
After the finalisation of the South African components of the SPP, FSE`s share  
capital has increased to 2 793 339 361 shares and could further increase to 2   
799 351 861 shares if the options are exercised.                                
11 July 2011                                                                    
Pretoria                                                                        
Sponsor                                                                         
River Group                                                                     
Date: 11/07/2011 10:53:38 Produced by the JSE SENS Department.                  
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