88 Energy Limited — Share Issue/Capital Change 2021

Nov 7, 2021

Notification of cessation of +securities

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Announcement Summary

Entity name

88 ENERGY LIMITED

Announcement Type

New announcement

Date of this announcement

Monday November 08, 2021

Details of +securities that have ceased

		Number of
ASX +security		+securities that	The +securities have	Date of
code	Security description	have ceased	ceased due to	cessation
88EAA	PERFORMANCE RIGHTS	27,438,884	Lapse of conditional right to	08/11/2021
			securities because the
			conditions have not been, or
			have become incapable of
			being, satisfied

Refer to next page for full details of the announcement

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 1 - Announcement Details

1.1 Name of +Entity

88 ENERGY LIMITED

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type

ABN

Registration Number 80072974179

1.3 ASX issuer code

88E

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/11/2021

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

88EAA : PERFORMANCE RIGHTS

Unquoted +equity securities that have ceased

Number of securities that have ceased

24,569,622

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Date of cessation Is the entity paying any consideration for the cessation? No 8/11/2021

Any other information the entity wishes to notify to ASX about the cessation?

Lapse of unvested Performance Rights

ASX +Security Code and Description

88EAA : PERFORMANCE RIGHTS

Unquoted +equity securities that have ceased

Number of securities that have ceased

2,869,262

Reason for cessation

Other

Please provide additional details

Vested Performance Rights to be settled via cash as allowed under the Performance Rights Plan

Date of cessation Is the entity paying any consideration for the cessation? Yes 8/11/2021

In what currency is the consideration Consideration amount per +security paid by the entity for the cessation being paid? AUD - Australian Dollar AUD 0.030000000000

Any other information the entity wishes to notify to ASX about the cessation?

The number of Performance Rights on issue following all adjustments & allotments that occurred on 8th November 2021 is 208,952,882

Notification of cessation of +securities

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Notification of cessation of +securities

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Notification of cessation of +securities

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Notification of cessation of +securities

Part 3 - Issued capital following changes

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Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
88E : ORDINARY FULLY PAID	14,400,403,996
3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
88EAK : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	153,000,000
88EAA : PERFORMANCE RIGHTS	171,975,082

3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.

Notification of cessation of +securities

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