6 February 2014

FEDERAL COURT APPROVES SCHEME OF ARRANGEMENT

Xceed Resources Limited (Xceed or Company) is pleased to advise that the Federal Court of Australia (Court) has today made orders approving the scheme of arrangement pursuant to which Keaton Energy Holdings Limited (Keaton) proposes to acquire all of Xceed's issued shares (Scheme).
The Scheme will become effective once a copy of the extracted Court Orders have been lodged with the Australian Securities and Investments Commission, which is expected to occur tomorrow, 7 February 2014.

Suspension of trading

It is expected that Xceed shares will be suspended from trading on ASX from the close of trading tomorrow, 7 February 2014.

Indicative Timetable

Action

Date

Effective Date

(Xceed securities cease trading at close of trading on ASX)

7 February 2014

Record Date

(for entitlements to Scheme Consideration)

14 February 2014

Implementation Date

(Keaton pays Aggregate Scheme Consideration to Xceed)

19 February 2014

Payment Date

(Xceed dispatches payment of the Scheme Consideration to Scheme Participants)

No later than 21 February

2014

All dates and times refer to Perth, Western Australia. Any changes to the above
timetable will be announced to ASX and will be available on the Company's website
For and on behalf of the Board of

Xceed Resources Limited



Ian Culbert
Managing Director

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