88 Energy Limited — Director's Dealing 2021

Jun 20, 2021

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity 88 ENERGY LIMITED ABN 80 072 964 179

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Ashley Gilbert

Date of last notice 10 May 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct or indirect interest	Direct	Direct
Natur(incluNote: Pinteres	e of indirect interestding registered holder)rovide details of the circumstances giving rise to the relevantt.	N/A
Date	of change	21 June 2021
No. o	f securities held prior to change	44,727,000 Performance Rights (subjectto vesting conditions)
Class		Performance Rights (subject to vestingconditions)
Number acquired		11,200,000
Numb	er disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	/Considerationf consideration is non-cash, provide details and estimatedon	Nil – the Performance Rights are beingissued to the Managing Director as part ofh k
		te remuneration pacage.

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	44,727,000 Performance Rights (subject tovesting conditions)11,200,000 Performance Rights (subject tovesting conditions)
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	The Performance Rights are being issuedto the Managing Director to provide costeffective consideration for his ongoingcommitment and contribution to theCompany. The issue of the PerformanceRights was approved by shareholders atthe AGM held on 21 May2021.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

Rule 3.19A.2

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011