ADX ENERGY LTD — Director's Dealing 2019

Oct 15, 2019

Appendix 3Y Change of Director’s Interest Notice

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: ADX Energy Ltd

ABN: 50 009 058 636

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	Ian Tchacos
Date of last notice	4 October 2019

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 interestNature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.Date of changeNo. of securities held prior to change	Direct and Indirect
	1. Warroorah Pty Ltd <Tchacos Fund A/C>.2. Eonia Pty Ltd – which Mr Tchacos is abeneficiary.
	16 October 2019
	1. 30,554,437 Fully Paid Ordinary Shares(indirect)2. 13,095,370 Fully Paid Ordinary Shares(indirect)3. 882,780 Fully Paid Ordinary Shares (direct)4. 6,354,086 Unlisted Options. Exercise pricenil, expire 31/5/2022 (indirect)5. 10,864,955 Unlisted Options. Exerciseprice nil, expire 31/5/2023 (direct)6. 6,616,071 Unlisted Options. Exercise pricenil, expire 31/7/2023 (direct)7. 7,142,857 Convertible notes (indirect)(Convertible into 7,142,857 fully paidordinary shares at no less than A$0.007per share). Refer to Appendix 3B dated 4October 2019 for full terms.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class		Fully Paid Ordinary SharesUnlisted Options	Fully Paid Ordinary SharesUnlisted Options
Number acquired		113,636 shares
		3,954,545 options
Number disposed		-
Value/ConsiderationNote: If consideration is non-cash, provide		Shares - $1,250 Non-cash – value based ondirector feesOptions - $43,500 Non-cash – valued based
details and estimated valuation
		1. 30,554,437 Fully Paid Ordinary Shares(indirect)2. 13,095,370 Fully Paid Ordinary Shares(indirect)3. 996,416 Fully Paid Ordinary Shares (direct)4. 6,354,086 Unlisted Options. Exercise pricenil, expire 31/5/2022 (indirect)5. 10,864,955 Unlisted Options. Exerciseprice nil, expire 31/5/2023 (direct)6. 6,616,071 Unlisted Options. Exercise pricenil, expire 31/7/2023 (direct)7. 3,954,545 Unlisted Options. Exercise pricenil, expire 31/10/2023 (direct)8. 7,142,857 Convertible notes (indirect)(Convertible into 7,142,857 fully paidordinary shares at no less than A$0.007per share). Refer to Appendix 3B dated 4October 2019 for full terms.
		(indirec3. 996,416	t)Fully Paid Ordinary Shares (direct)
		4. 6,354,0nil, expi	86 Unlisted Options. Exercise pricere 31/5/2022 (indirect)
No. of securities held after change		5. 10,864,price ni6. 6,616,0	955 Unlisted Options. Exercisel, expire 31/5/2023 (direct)71 Unlisted Options. Exercise price
		nil, expi7. 3,954,5	re 31/7/2023 (direct)45 Unlisted Options. Exercise price
		nil, expi8. 7,142,8(Converordinar	re 31/10/2023 (direct)57 Convertible notes (indirect)tible into 7,142,857 fully paidy shares at no less than A$0.007
		per shaOctobe	re). Refer to Appendix 3B dated 4r 2019 for full terms.
		Shares - Is	sued pursuant to ADXs’ Directors
		Share PlanMay 2019.	approved by Shareholders on 31Issued in consideration of part
		directors fSeptember	ees for the quarter ended 302019. Number of shares based on
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities under
dividend reinvestment plan, participation inbuy-back		Options - gron 31 May	anted as approved by Shareholders2019. Granted in consideration o
		part consulSeptember	ting fees for the quarter ended 302019. Number of Options based on
		VWAP for e30 Septemb	ach quarter during the year endeer 2019.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Interest after change
Part 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/a
If prior written clearance was provided, on what date was thisprovided?	N/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3