ADX ENERGY LTD — Capital/Financing Update 2016

Nov 14, 2016

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ASX Release

15 November 2016

Placement – ASX Listing Rule 7.1A.4(b) and 3.10.5A Information

ADX Energy Ltd ( ASX:ADX ) hereby provides information in accordance with ASX Listing Rule 7.1A.4(b) and 3.10.5A relating to the placement announced on 9 November 2016:

• (a) A total of 46,014,748 ordinary fully paid shares were issued under the placement. Of this total, 2,302,342 shares were issued with security holder approval under ASX Listing Rule 7.1A. The dilutive effect of the issue under 7.1A on existing shareholders of the Company is as follows:

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	Shares	Dilution
Shares on issue pre issue	798,199,188
Shares issued under LR 7.1A capacity	2,302,342	0.27%
Sub-Total	800,501,460
Shares issued under LR 7.1 capacity	43,712,406
Total Shares on Issue post placement	844,213,866

Details of the Company’s issued capital following completion of the share issue held by preissue shareholders and new shareholders are as follows. Please note this information relates specifically to the 2,302,342 new shares issued under Listing Rule 7.1A.

			Shares	Percentage
Pre-issueshareholderswho	did	not
participate in the new issue under	7.1A		754,349,817	94.23%
Pre-issue shareholders who participated inthe new issue under 7.1A			46,151,643	5.77%
New shareholders who participated in		the
			-	-
new issue under 7.1A
Total			800,501,460	100.00%

(b) The Company issued shares as a placement to sophisticated and professional investors as this was considered to be the most expedient mechanism for raising funds to continue the funding of the Company’s appraisal and feasibility work programs on the Nilde Oil Field Development Project offshore Italy, the commencement of feasibility studies on the Company’s Dougga gas condensate discovery offshore Tunisia as well as to augment ongoing working capital requirements.

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• (c) The placement was not underwritten.

• (d) Fees payable to the lead manager in connection with the placement comprise a placement fee of 5% of the value of shares subscribed and an issue management fee of 1%.

Yours sincerely,

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Amanda Sparks

Company Secretary

www.adxenergy.com.au