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 November 21, 2023 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Total number of +securities to be issued/transferred ASX +security code Security description New class - code to be confirmed Unlisted Options Expiry 30/4/2025, Exercise price 17 cents 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 3,850,000 21/11/2023 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 21/11/2023 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 securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 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 ASX +security code +Security description New class - code to be confirmed Unlisted Options Expiry 30/4/2025, Exercise price 17 cents +Security type ISIN code Options Date the +securities the subject of this notification were issued 21/11/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Amanda Sparks Amanda Sparks 1,000,000 Peter Ironside Ironside Pty Ltd <Ironside Family A/c> 800,000 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://wcsecure.weblink.com.au/pdf/ADX/02704194.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.17000000 30/4/2025 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 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 a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://wcsecure.weblink.com.au/pdf/ADX/02704194.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 3,850,000 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 363,139,312 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 ADXAH : OPTION EXPIRING 31-OCT-2024 EX NIL 511,608 ADXAW : OPTION EXPIRING 31-OCT-2026 EX NIL 380,358 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 ADXAM : OPTION EXPIRING 26-NOV-2023 EX $0.15 6,750,006 ADXAQ : OPTION EXPIRING 31-OCT-2025 EX NIL 329,465 ADXAAC : OPTION EXPIRING 31-JUL-2027 EX NIL 300,000 ADXAS : OPTION EXPIRING 31-JAN-2026 EX $NIL 185,796 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 Expiry 30/4/2025, Exercise price 17 cents Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/9 3,850,000 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? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 9/9