NZJ Holdings Inc (NZIH)

[$BL$]

During the fiscal year ended June 30, 2009, the Company raised $75,000 of convertible
debt and a note holder converted $45,000 of convertible debt into 24,000,000 shares of
equity. The balance of convertible for the year ending June 30, 2009 was $621,744. As
of August 31, 2009, note holders converted an additional $408,450 of debt plus accrued
interest into 134,400,000 shares of equity.