SOLVERDI WORLDWIDE LIMITED (SWW)

name changed to SWW Energy Limited

Solverdi Worldwide Energy Ltd has completed its $2.5 million capital raising that closed heavily oversubscribed. It was managed by Hemisphere Investment Partners Pty Ltd as the proponent to the deed of company arrangement with funds raised via Fosters Stockbroking Pty Ltd and Pattersons Securities Ltd who introduced high net worth investors to the company. The company expects to be reinstated within the next 2-3 weeks

issues a Consolidation of Capital Timetable (on a 1 for 3 basis)

company clarifies the involvement of the Deed Administrator of the Deed of Company Arrangement (and former Administrator of the Company) in the preparation of the Prospectus - Rodgers Reidy and Geoffrey Reidy have had no involvement in the preparation of any part of the Prospectus - both Rodgers Reidy and Geoffrey Reidy expressly disclaim and take no responsibility for any part of the Prospectus other than a reference to their names and a statement included in the Prospectus with their consent

issues a prospectus offering up to 60,000,000 Shares at an issue price of 0.5 cents per Share to raise $300,000 and For the offer of 220,000,000 Shares at an issue price of 1 cent per Share to raise $2,200,000 (Share Offer) and For the offer of 35,000,000 Shares at an issue price of 0.01 cents per Share to raise $3,500 to the Proponent (or its nominees) (Proponent Share Offer) and For the offer of 80,000,000 Options for nil consideration to the Proponent (or its nominee) (Proponent Option Offer) and For the offer of 20,000,000 Shares to the Proponent (or its nominees) in consideration for facilitating the successful completion of the recapitalisation of the Company (Advisor Offer). The Offers are not underwritten

notice is given that an Annual General Meeting of Shareholders of Solverdi Worldwide Limited to consider the proposed recapitalisation of the Company will be held at The Country Women?s Association of Western Australia (Inc), 1176 Hay Street, West Perth WA 6005 on 19 April 2011 commencing at 10:00 am (WST) -

a Notice of Meeting is being prepared by Hemisphere Investment Partners Pty Ltd which is due to be despatched to shareholders of the Company in the next 2 - 3 weeks. The Notice of Meeting will seek, amongst other things, the approval of shareholders to raise funds via a Prospectus, the consolidation of share capital and the election of Directors - shareholder queries should be directed to the Company on +61 (8) 9486 4036

a Deed of Company Arrangement and a Recapitalisation Deed with Hemisphere Investment Partners Pty Ltd is executed

administrator has until 3 Sept 2010 to convene the 2nd mtg of creditors

administrator advises he intends making application to extend the adjournment of the creditors meeting for a further 60 days from 28 June 2010

administrator reports all assets were sold and the company ceased operations - proper books have not been maintained

administrator advises his investigation is likely to "take some time"

creditors resolve to replace the administrator originally appointed by Geoffrey Ready of Rodgers Reidy

the securities of Solverdi Worldwide Limited (the "Company") will be suspended from quotation immediately in accordance with listing rule 17.3, following the appointment of voluntary administrators by the Company - Solverdi's board has appointed Pinn Devan as administrator

name changed from Australian Biodiesel Group Limited