BPH ENERGY LTD — Capital/Financing Update 2017

Nov 12, 2017

==> picture [242 x 93] intentionally omitted <==

12 Nov 2017

The Manager Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Non-Renounceable Rights Issue

BPH Energy Limited ACN 095 912 002 ( ASX: BPH ) ( the Company ) is pleased to announce a pro rata non-renounceable rights offer of one (1) new fully paid ordinary share ( Share ) in the capital of the Company ( New Share ) for every one (1) Share held by eligible shareholders ( Eligible Shareholders ) at an issue price of $0.002 per New Share ( Offer Price ) to raise up to approximately $1,177,404 (before costs) ( Rights Issue ).

Key information about the Rights Issue

1. The Rights issue is non-renounceable which means that the entitlements to New Shares will not be tradeable on ASX or otherwise transferrable.

2. The Company will issue a prospectus pursuant to Section 713 of the Corporations Act 2001 (Cth) ( Prospectus ) to Eligible Shareholders relating to the Rights Issue together with a personalised entitlement and acceptance form.

3. Application for New Shares under the Rights Issue may only be made by completing the entitlement and acceptance form which accompanies the Prospectus. Shareholders eligible to participate in the Rights Issue should read the Prospectus carefully and consult professional advisers as necessary.

4. Eligible shareholders will have the opportunity to apply for additional Shares over and above their entitlements (additional Shares will be issued to the extent there is a shortfall under the Rights Issue).

5. Shares issued under the Rights Issue will rank equally with existing Shares on issue on the record date. The Company will make application for official quotation of the New Shares proposed to be issued under the Rights Issue.

BPH Energy Ltd ACN 095 912 002 PO Box 317, North Perth, Western Australia 6906 14 View Street, North Perth, Western Australia 6006 admin@bphenergy.com.au www.bphenergy.com.au

T: +61 8 9328 8366 F: +61 8 9328 8733

1. Eligible Shareholders who do not take up all or any part of their entitlement will not receive any payment or value in respect of the entitlement not taken up and their equity interest in the Company will be diluted.

2. The Rights Issue is not underwritten.

Capital Structure

As at the date of this announcement, the Company has 588,702,017 Shares on issue. The maximum number of New Shares to be issued under the Rights Issue is 588,702,017. At the conclusion of the Rights Issue, the total number of issued Shares in the Company will be up to a maximum of 1,177,404,034.

Prospectus

The Company is in the process of completing the Prospectus and this will be lodged with ASIC and ASX shortly. At that time, the Company will confirm the timetable for the offer, including the relevant Record Date.

Enquiries

Any enquiries regarding the Rights Issue should be directed to:

David Breeze Chairman +61 8 9328 8366 admin@bphenergy.com.au

Yours sincerely

David Breeze Chairman