ADX ENERGY LTD — Share Issue/Capital Change 2021

Jun 15, 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

Wednesday June 16, 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	96,052,513	16/06/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 6

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

16/6/2021

Application for quotation of +securities

2 / 6

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 / 6

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 ADXAJ : OPTION EXPIRING 15-JUN-2021 EX $0.008

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	15/6/2021	15/6/2021
96,052,513

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? No

Issue date

16/6/2021

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

4 / 6

Application for quotation of +securities

Issue details

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

Number of +securities to be quoted 96,052,513 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.00800000 Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

5 / 6

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	2,654,064,031

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	8,470,981
ADXAG : OPTION EXPIRING 31-JUL-2024 EX NIL	9,451,563
ADXAJ : OPTION EXPIRING 15-JUN-2021 EX $0.008	206,753,158
ADXAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	25,279,836
ADXAF : OPTION EXPIRING 26-JUN-2024 EX NIL	12,578,571
ADXAD : OPTION EXPIRING 26-JUN-2021 EX 1.3C	5,000,000
ADXAL : OPTION EXPIRING 26-MAY-2022 EX $0.01	67,500,020
ADXAM : OPTION EXPIRING 26-NOV-2023 EX $0.01	67,500,020
ADXAK : OPTION EXPIRING 31-JAN-2025 EX NIL	9,882,811
ADXAN : OPTION EXPIRING 31-MAY-2025 EX NIL	5,302,085

Application for quotation of +securities

6 / 6