ADX ENERGY LTD — Director's Dealing 2023

May 25, 2023

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	Edouard Etienvre
Date of last notice	30 November 2022

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 interest	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	NGX Commodities Ltd. – which Mr Etienvre is a beneficiary
Date of change	26 May 2023
No. of securities held prior to change	Direct • 4,699,589 Fully Paid Ordinary Shares Indirect • 15,675,671 Fully Paid Ordinary Shares
Class	Fully Paid Ordinary Shares
Number acquired	928,568 – Direct 14,095,278 - Indirect
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$105,167 Non-cash – value based on director fees (including consulting)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Direct

No. of securities held after change

• 5,628,157 Fully Paid Ordinary Shares Indirect • 29,770,949 Fully Paid Ordinary Shares

Issued pursuant to ADX’ Directors’ Share Plan approved by Shareholders on 12 May 2023. Nature of change 928,568 shares issued in consideration of part Example: on-market trade, off-market trade, directors fees and 14,095,278 shares issued in exercise of options, issue of securities under consideration of consulting for the nine months dividend reinvestment plan, participation in ended 31 March 2023. Number of shares based on buy-back fees to be paid via equity and VWAP for the relevant quarter.

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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011