BANNERMAN ENERGY LTD — Capital/Financing Update 2021

Feb 18, 2021

ABN 34 113 017 128

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Suite 7, 245 Churchill Avenue Subiaco, WA 6008 T +61 8 9381 1436 E info@bannermanresources.com.au bannermanresources.com.au

19 February 2021

The Manager Company Announcements Office Australian Securities Exchange Limited Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

BANNERMAN RESOURCES LIMITED SECONDARY TRADING NOTICE – NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Bannerman Resources Limited ( ASX: BMN ) (“ Company ”) (“ Bannerman ”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“the Act”).

Bannerman advises that it has issued 114,285,716 fully paid ordinary shares at an issue price of A$0.105 per share to raise A$12 million gross proceeds as set out in its ASX Appendix 3B and Placement announcement dated 11 February 2021 and Appendix 2A dated 19 February 2021. (“Shares”).

Bannerman gives notice under section 708A(5)(e) of the Act that:

• (a) the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, Bannerman has complied with the provisions of Chapter 2M of the Act as they apply to Bannerman, and section 674 of the Act; and

• (c) as at the date of this notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act which is required to be disclosed by Bannerman under section 708A(6)(e) of the Act.

For and on behalf of Bannerman Resources Limited by

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This announcement was authorised by the Board of Directors

Robert Orr Company Secretary