ADX ENERGY LTD — Share Issue/Capital Change 2021

Nov 22, 2021

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

ADX ENERGY LTD

Announcement Type

New announcement

Date of this announcement

Tuesday November 23, 2021

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
ADX	ORDINARY FULLY PAID	26,369,420	23/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

ADX ENERGY LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 50009058646

1.3 ASX issuer code

ADX

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

23/11/2021

Application for quotation of +securities

2 / 15

Application for quotation of +securities

Part 2 - Type of Issue

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

3 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description ADXAO : OPTION EXPIRING 31-JUL-2025 EX NIL

TO (Existing Class) ASX +security code and description

ADX : ORDINARY FULLY PAID

Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	23/11/2021	23/11/2021
2,273,438

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

==> picture [9 x 9] intentionally omitted <==

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

		Number of options being exercised
		or other +convertible securities
Name of KMP	Name of registered holder	being converted
Paul Fink	Paul Fink	2,273,438

Application for quotation of +securities

4 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Issue date

23/11/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted 2,273,438 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil exercise price. Previously issued in lieu of fees of $22,734 Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.010000 Any other information the entity wishes to provide about the +securities to be quoted

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description ADXAN : OPTION EXPIRING 31-MAY-2025 EX NIL TO (Existing Class) ASX +security code and description ADX : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 23/11/2021 23/11/2021 2,156,252 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

==> picture [9 x 5] intentionally omitted <==

Application for quotation of +securities

5 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

==> picture [9 x 9] intentionally omitted <==

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

Number of options being exercised or other +convertible securities Name of KMP Name of registered holder being converted Paul Fink Paul Fink 2,156,252

Issue date

23/11/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

6 / 15

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

2,156,252

Are the +securities being issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Nil exercise price. Previously issued in lieu of fees of $19,406

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.009000

Any other information the entity wishes to provide about the +securities to be quoted

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

ADXAK : OPTION EXPIRING 31-JAN-2025 EX NIL

TO (Existing Class) ASX +security code and description

ADX : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted 2,632,811

The first date the options were The last date the options were exercised or other +convertible exercised or other +convertible securities were converted securities were converted 23/11/2021 23/11/2021

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

==> picture [9 x 9] intentionally omitted <==

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management

Application for quotation of +securities

7 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

==> picture [540 x 610] intentionally omitted <==

----- Start of picture text -----

Number of options being exercised
or other +convertible securities
Name of KMP Name of registered holder being converted
Paul Fink Paul Fink 2,632,811
Issue date
23/11/2021
Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued
+securities in that class?
Yes
Issue details
Number of +securities to be quoted
2,632,811
Are the +securities being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil exercise price. Previously issued in lieu of fees of $15,797
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the
+securities to be quoted
0.006000
Any other information the entity wishes to provide about the +securities to be quoted
Existing +securities converting into additional +securities in an existing class
----- End of picture text -----

Application for quotation of +securities

8 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

FROM (Existing Class) ASX +security code and description

ADXAH : OPTION EXPIRING 31-OCT-2024 EX NIL

TO (Existing Class) ASX +security code and description

ADX : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 23/11/2021 23/11/2021 3,354,910

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

==> picture [9 x 8] intentionally omitted <==

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

==> picture [9 x 9] intentionally omitted <==

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

Number of options being exercised or other +convertible securities Name of KMP Name of registered holder being converted Paul Fink Paul Fink 3,354,910

Issue date

23/11/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

==> picture [9 x 9] intentionally omitted <==

Yes

Application for quotation of +securities

9 / 15

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

3,354,910

Are the +securities being issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Nil exercise price. Previously issued in lieu of fees of $23,484

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.007000

Any other information the entity wishes to provide about the +securities to be quoted

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

ADXAG : OPTION EXPIRING 31-JUL-2024 EX NIL

TO (Existing Class) ASX +security code and description

ADX : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted 3,373,438

The first date the options were The last date the options were exercised or other +convertible exercised or other +convertible securities were converted securities were converted 23/11/2021 23/11/2021

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management

Application for quotation of +securities

10 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

Number of options being exercised or other +convertible securities Name of KMP Name of registered holder being converted Paul Fink Paul Fink 3,373,438

Issue date 23/11/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 3,373,438 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil exercise price. Previously issued in lieu of fees of $20,241 Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.006000 Any other information the entity wishes to provide about the +securities to be quoted

Existing +securities converting into additional +securities in an existing class

Application for quotation of +securities

11 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

FROM (Existing Class) ASX +security code and description

ADXAF : OPTION EXPIRING 26-JUN-2024 EX NIL

TO (Existing Class) ASX +security code and description

ADX : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 23/11/2021 23/11/2021 6,578,571

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

==> picture [9 x 8] intentionally omitted <==

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

==> picture [9 x 9] intentionally omitted <==

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

Number of options being exercised or other +convertible securities Name of KMP Name of registered holder being converted Paul Fink Paul Fink 6,578,571

Issue date

23/11/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

==> picture [9 x 9] intentionally omitted <==

Yes

Application for quotation of +securities

12 / 15

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

6,578,571

Are the +securities being issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Nil exercise price. Previously issued in lieu of fees of $46,050

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.007000

Any other information the entity wishes to provide about the +securities to be quoted

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

ADXAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

TO (Existing Class) ASX +security code and description

ADX : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted 6,000,000

The first date the options were The last date the options were exercised or other +convertible exercised or other +convertible securities were converted securities were converted 23/11/2021 23/11/2021

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

==> picture [9 x 8] intentionally omitted <==

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

==> picture [9 x 9] intentionally omitted <==

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management

Application for quotation of +securities

13 / 15

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

Number of options being exercised or other +convertible securities Name of KMP Name of registered holder being converted Ian Tchacos Ian Tchacos 6,000,000 Issue date 23/11/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 6,000,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil exercise price. Previously issued in lieu of fees of $54,000 Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.009000 Any other information the entity wishes to provide about the +securities to be quoted Exercise price was 31/05/2023

Application for quotation of +securities

14 / 15

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
ADX : ORDINARY FULLY PAID	2,684,686,943

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
ADXAH : OPTION EXPIRING 31-OCT-2024 EX NIL	5,116,071
ADXAG : OPTION EXPIRING 31-JUL-2024 EX NIL	6,078,125
ADXAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	19,279,836
ADXAF : OPTION EXPIRING 26-JUN-2024 EX NIL	6,000,000
ADXAD : OPTION EXPIRING 26-JUN-2021 EX 1.3C	5,000,000
ADXAO : OPTION EXPIRING 31-JUL-2025 EX NIL	2,456,250
ADXAL : OPTION EXPIRING 26-MAY-2022 EX $0.01	67,500,020
ADXAM : OPTION EXPIRING 26-NOV-2023 EX $0.01	67,500,020
ADXAP : PERFORMANCE RIGHTS	46,086,012
ADXAK : OPTION EXPIRING 31-JAN-2025 EX NIL	7,250,000
ADXAN : OPTION EXPIRING 31-MAY-2025 EX NIL	3,145,833

Application for quotation of +securities

15 / 15