ADX ENERGY LTD — Director's Dealing 2020

Jan 13, 2020

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	24 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 circumstancesgivingrise 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.
	13 January 2020
	1. 30,554,437 Fully Paid Ordinary Shares(indirect)2. 13,895,370 Fully Paid Ordinary Shares(indirect)3. 196,416 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.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

ClassNumber	ClassNumber
	Class				Fully Paid OrUnlisted Opt	dinary Sharesions
	Number	acquired			125,000 shar	es - direct
					4,106,250 op7,142,856 sh	tions - directares - indirect
	Number	disposed			-
	Value/CNote: Idetails	onsiderationf consideration is nonand estimated valuat	-cash, prion	ovide	125,000 Sharbased on dirOptions - $41on consulting7,142,856 sh	es - $1,250 Nector fees,062 Non-casfeesares - $50,000	on-cashh – valuconvers	– valueed basedion of
					convertible l	oan facilities
					1.34,125,8(indirect)2.17,466,7	65 Fully Paid O98 Fully Paid O	rdinaryrdinary	SharesShares
					(indirect)3.321,4164.6,354,08nil, expir	Fully Paid Ordi6 Unlisted Opte 31/5/2022 (i	nary Shaions. Exndirect)	res (direct)ercise price
	No. of s	ecurities held after cha	ge		5.10,864,9price nil,6.6,616,07nil, expir7.3,954,54	5 Unlisted Opexpire 31/5/21 Unlisted Opte 31/7/2023 (d5 Unlisted Opt	tions. E023 (direions. Exirect)ions. Ex	xercisect)ercise priceercise price
					nil, expir8.4,106,25nil,expir	e 31/10/2023 (0 Unlisted Opte 31/01/2024(	direct)ions. Exdirect)	ercise price
					125,000 ShaDirectors’Shareholdersconsideratioquarter end	res - IssuedSharePlanon 31 Man of part direed 1 Decembe	pursuan appry 2019.ctors fer 2019.	t to ADXs’ovedbyIssued ines for theNumber of
	NatureExampexercis	of changele: on-market trade, oe of options, issue of	ff-markesecurities	t trade,under	shares basedequity andDecember 20Options - gra	on directorsVWAP for the19.nted as approv	fees toquartered by Sh	be paid viaended 31areholders
	dividenbuy-ba	d reinvestment plan,ck	participa	tion in	on 31 May 2part consultiDecember 2VWAP for ea	019. Grantedng fees for th019. Number och quarter du	in consie quartef Optionring the	deration ofr ended 31s based onyear ended
					31 Decembe7,142,856 Sconvertible n	r 2019.hares – Issueote facilities th	d upono conve	election ofrt to shares
					at$0.007 eac.

• 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

Part 3 –[+] Closed period

Interest after changePart 3 –+Closed period
Were the interests in the securities or contracts detailed above	No
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	N/a
proceed during this period?
If prior written clearance was provided, on what date was this	N/a
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3