BPH ENERGY LTD — Capital/Financing Update 2017

Mar 27, 2017

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28 March 2017

Companies Announcements Office ASX Limited 10[th] Floor, 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

RE: RIGHTS ISSUE SHORTFALL ALLOTMENT

BPH Energy Ltd is pleased to confirm that it has today placed a significant proportion of the shortfall from its Rights Issue which concluded on 6 March 2017. BPH continues to receive approaches from parties interested in participating in the remaining shortfall and the Board is considering further allotments.

Highlights

• An allotment today of 30,952,183 shares, providing most parties who applied for additional shares during the Rights Issue process with an allocation.

• The remaining unallocated shortfall under the Rights Issue is 157,383,536 shares of the original 361,600,549 shares available.

Yours sincerely

David Breeze Executive Director

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