ADX ENERGY LTD — Capital/Financing Update 2011

Nov 22, 2011

23 November 2011

SHARE PURCHASE PLAN

As announced to the ASX on 18 November 2011, the Directors of ADX Energy Ltd (ASX:ADX) ( Company ) are pleased to make an offer under the Share Purchase Plan to all of the Company’s shareholders registered at 7pm EST on 17 November 2011 (“ Record Date ”) with a registered address in either Australia or New Zealand ( “Eligible Shareholders” ).

Eligible Shareholders will each be entitled to apply for up to $15,000 of new fully paid ordinary shares in the Company ( “Shares” ). The subscription price for each Share will be 8 cents per share, the same price as the recently completed placement. Eligible shareholders will have a choice of the following 4 options of which they can subscribe for one. These are:

Options	Subscription amount A$	New Shares to be allotted calculatedat the issueprice of 8c
Option A	$15,000	187,500
Option B	$10,000	125,000
Option C	$5,000	62,500
Option D	$2,000	25,000

The offer to subscribe for new shares will result in the issue of a maximum of 12,500,000 new shares which would raise a maximum of $1,000,000. The funds raised under the Share Purchase Plan will be used by the Company to fund exploration work programs in Tunisia and Romania as well as increasing working capital.

The proposed timetable for the Share Purchase Plan is detailed below however the Directors reserve the right to vary the dates and times without notice.

Date	Event
17 November 2011	Record Date
23 November 2011	Despatch Offer Document
23 November 2011	OpeningDate
12 December 2011	ClosingDate
15 December 2011	Allotment Date
16 December 2011	Despatch Date for holdingstatements

A copy of the letter to shareholders containing all terms and conditions of the Share Purchase Plan is attached.

For further details please contact: Wolfgang Zimmer Ian Tchacos Managing Director Chairman +43 (0) 1641 0189 +61 (08) 92262822 www.adxenergy.com.au

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ADX Energy Ltd ABN 50 009 058 646

For all enquiries:

Phone:

(within Australia) 1300 798 297 (outside Australia) +61 3 9415 4000

Web:

www.investorcentre.com/contact

Make your payment:

See over for details of the Offer and how to make your payment

Share Purchase Plan Application Form

 [Your payment must be received by 5:00pm (WST) Monday 12 December 2011]

This is an important document that requires your immediate attention.

It can only be used in relation to the Shareholding represented by the details printed overleaf. If you are in doubt about how to deal with this form, please contact your financial or other professional adviser.

By making payment you agree to be bound by the Constitution of ADX Energy Ltd and that the submission of this payment constitutes an irrevocable offer by you to subscribe for ADX Energy Ltd Shares on the terms of the Share Purchase Plan (SPP). In addition, by submitting the slip below you certify that the aggregate of the application price paid by you for:

• the Shares the subject of the slip below; and

ADX Energy Ltd may make determinations in any manner it thinks fit, in relation to any difficulties which may arise in connection with the SPP whether generally or in relation to any participant or application.

Any determinations by ADX Energy Ltd will be conclusive and binding on all eligible Shareholders and other persons to whom the determination relates. ADX Energy Ltd reserves the right to waive strict compliance with any provision of the terms and conditions of the SPP, to amend or vary those terms and conditions or to suspend or terminate the SPP at any time. Any such amendment, suspension or termination will be binding on all eligible Shareholders even where ADX Energy Ltd does not notify you of that event.

• any other Shares and interests in the class applied for by you under the SPP or any similar arrangement in the 12 months prior to the date of submission of the slip below does not exceed A$15,000.

Step 1: Registration Name

Please check the details provided and update your address via www.investorcentre.com if any of the details are incorrect.

Step 2: Make Your Payment

Eligible Shareholders may participate by selecting one of the options shown overleaf. Note that the amount chosen may be subject to scale back in accordance with the terms of the SPP.

Choose one of the payment methods shown below. BPAY ®: See overleaf. Do not return the slip with BPAY payment.

By Mail: Complete the reverse side of this payment slip and detach and return with your payment. Make your cheque, money order or bank draft payable in Australian dollars to ADX Energy Ltd. The cheque must be drawn from an Australian bank. Cash is not accepted.

Payment will be processed on the day of receipt. Receipts will not be forwarded. Funds cannot be debited directly from your account.

Entering your contact details is not compulsory, but will assist us if we need to contact you.

Turn over for details of the Offer è

ADX Energy Ltd Share Purchase Plan Application Form Payment must be received by 5:00pm (WST) Monday 12 December 2011

® Registered to BPAY Pty Ltd ABN 69 079 137 518

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Share Purchase Plan Application Form

Registration Name & Offer Details

[For your security keep your SRN/] HIN confidential.

Registration Name:

Entitlement No:

Offer Details:

Record date: 17 November 2011 Minimum value $2,000 available to purchase: Maximum value $15,000 available to purchase:

Make Your Payment

Biller Code: 193359 Ref No:

Contact your financial institution to make your payment from your cheque or savings account.

Pay by Mail:

 Make your cheque, money order or bank draft payable to ADX Energy Ltd. Return your cheque with the below slip to:

Computershare Investor Services Pty Limited GPO BOX 505 Melbourne Victoria 3001 Australia

Privacy Statement

Personal information is collected on this form by Computershare Investor Services Pty Limited (CIS) as registrar for the securities issuers (the issuer), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. Your personal information may be disclosed to our related bodies corporate, to external service companies such as print or mail service providers, or as otherwise permitted by law. If you would like details of your personal information held by CIS, or you would like to correct information that is inaccurate, incorrect or out of date, please contact CIS. In accordance with the Corporations Act 2001, you may be sent material (including marketing material) approved by the issuer in addition to general corporate communications. You may elect not to receive marketing material by contacting CIS using the details provided above or email privacy@computershare.com.au

Entitlement No:

Payment must be received by 5:00pm (WST) Monday 12 December 2011

Contact Details

Contact Daytime Name Telephone Cheque Details Drawer Cheque Number BSB Number Account Number Amount of Cheque

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23 November 2011

Company Announcements Platform ASX Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

ADX ENERGY LTD SHARE PURCHASE PLAN – NOTICE PURSUANT TO ASIC CLASS ORDER 09/425

As announced to the market on 18 November 2011, ADX Energy Ltd ( Company ) intends to offer up to 12,500,000 fully paid ordinary shares ( Shares ) at 8 cents per Share pursuant to a share purchase plan in order to raise up to $1,000,000 ( SPP ). The offer pursuant to the SPP will open on 23 November 2011.

Notice under ASIC Class Order 09/425

In accordance with ASIC Class Order 09/425, the Company hereby advises that, in relation to the issue of the Shares:

• a) the Company will offer a maximum of 12,500,000 Shares under the SPP without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Act);

• b)

  • this notice is given in accordance with ASIC Class Order 09/425;

• c) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

• d) as at the date of this notice, the Company has complied with section 674 of the Act; and

• e) as at the date of this notice, there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • B. the rights and liabilities attaching to the shares.

Yours faithfully

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Ian Tchacos Chairman ADX Energy Ltd