Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name ADX ENERGY LTD Date of this announcement Tuesday July 11, 2023 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code Security description Total number of +securities to be issued/transferred Issue date New class - code to be confirmed Unlisted Options EX $0.01 expiring 11/01/2024 30,000,000 11/07/2023 New class - code to be confirmed Unlisted Options EX $0.014 expiring 11/01/2024 21,500,000 11/07/2023 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity ADX ENERGY LTD We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 50009058646 1.3 ASX issuer code ADX 1.4 The announcement is New announcement 1.5 Date of this announcement 11/7/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Other Please specify Free attaching Unlisted Options provided to Loan Note Holders 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options EX $0.01 expiring 11/01/2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 11/7/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Unlisted Options, Exercise price $0.01, Expiry 11/01/2024, no dividend or voting rights, no rights on participation or winding up, transferrable. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01000000 11/1/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description ORDINARY SHARES Any other information the entity wishes to provide about the +securities the subject of this notification Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Completion of Loan Note Funding occurred on 11/7/2023 Issue details Number of +securities 30,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching Unlisted Options provided to Loan Note Holders Purpose of the issue Other Additional Details New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options EX $0.014 expiring 11/01/2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 11/7/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Unlisted Options, Exercise price $0.014, Expiry 11/01/2024, no dividend or voting rights, no rights on participation or winding up, transferrable. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01400000 11/1/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description ORDINARY SHARES Any other information the entity wishes to provide about the +securities the subject of this notification Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Completion of Loan Note Funding occurred on 11/7/2023 Issue details Number of +securities 21,500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching Unlisted Options provided to Loan Note Holders Purpose of the issue Other Additional Details Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description ADX : ORDINARY FULLY PAID 3,610,213,811 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description ADXAU : OPTION EXPIRING 10-AUG-2024 EX $0.013 231,750,000 ADXAT : OPTION EXPIRING 31-MAY-2026 EX NIL 3,117,187 ADXAH : OPTION EXPIRING 31-OCT-2024 EX NIL 5,116,071 ADXAG : OPTION EXPIRING 31-JUL-2024 EX NIL 6,078,125 ADXAW : OPTION EXPIRING 31-OCT-2026 EX NIL 3,803,571 ADXAX : OPTION EXPIRING 31-JAN-2027 EX NIL 2,839,285 ADXAO : OPTION EXPIRING 31-JUL-2025 EX NIL 2,456,250 ADXAV : OPTION EXPIRING 31-JUL-2026 EX NIL 2,695,312 ADXAM : OPTION EXPIRING 26-NOV-2023 EX $0.015 67,500,020 ADXAQ : OPTION EXPIRING 31-OCT-2025 EX NIL 3,294,642 ADXAS : OPTION EXPIRING 31-JAN-2026 EX $NIL 1,857,954 ADXAK : OPTION EXPIRING 31-JAN-2025 EX NIL 7,250,000 ADXAN : OPTION EXPIRING 31-MAY-2025 EX NIL 3,145,833 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities ADXAY : OPTION EXPIRING 31-MAY-2027 EX NIL 4,707,588 New class - code to be confirmed : Unlisted Options EX $0.01 expiring 11/01/2024 30,000,000 New class - code to be confirmed : Unlisted Options EX $0.014 expiring 11/01/2024 21,500,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 9 / 10 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 51,500,000 Unlisted Options 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 10 / 10