Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name ADX ENERGY LTD Date of this announcement Wednesday November 29, 2023 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code Security description New class - code to be confirmed Unlisted Options, Exercise price 16 cents, expiry 31/12/2024 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/9 Total number of +securities to be issued/transferred Issue date 24,000,000 29/11/2023 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 29/11/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/9 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 Unlisted Options 1 for every 2 Placement Shares per 3B dated 22/11/23 and 28/11/23 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 3/9 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, Exercise price 16 cents, expiry 31/12/2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 29/11/2023 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 16 cents, expiry 31/12/2024 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.16000000 31/12/2024 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 4/9 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 Announced on 3B dated 22/11/2023 and 28/11/2023 Issue details Number of +securities 24,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching options, 1 Option for every 2 Placement Shares Purpose of the issue To raise additional working capital Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/9 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 364,085,791 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 $0.13 23,175,011 ADXAT : OPTION EXPIRING 31-MAY-2026 EX NIL 311,719 ADXAAD : OPTION EXPIRING 30-APR-2025 EX $0.17 3,850,000 ADXAH : OPTION EXPIRING 31-OCT-2024 EX NIL 511,608 ADXAW : OPTION EXPIRING 31-OCT-2026 EX NIL 380,358 ADXAAE : OPTION EXPIRING 31-OCT-2027 EX NIL 332,291 ADXAX : OPTION EXPIRING 31-JAN-2027 EX NIL 283,929 ADXAAA : OPTION EXPIRING 11-JAN-2025 EX $0.10 3,000,000 ADXAAB : OPTION EXPIRING 11-JAN-2025 EX $0.14 5,150,000 ADXAO : OPTION EXPIRING 31-JUL-2025 EX NIL 245,625 ADXAV : OPTION EXPIRING 31-JUL-2026 EX NIL 269,532 ADXAQ : OPTION EXPIRING 31-OCT-2025 EX NIL 329,465 ADXAAC : OPTION EXPIRING 31-JUL-2027 EX NIL 300,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities ADXAS : OPTION EXPIRING 31-JAN-2026 EX $NIL 185,796 ADXAK : OPTION EXPIRING 31-JAN-2025 EX NIL 725,000 ADXAN : OPTION EXPIRING 31-MAY-2025 EX NIL 314,584 ADXAY : OPTION EXPIRING 31-MAY-2027 EX NIL 275,893 New class - code to be confirmed : Unlisted Options, Exercise price 16 cents, expiry 31/12/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/9 24,000,000 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? 24,000,000 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 9/9