BPH ENERGY LTD — Capital/Financing Update 2019

Aug 20, 2019

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21 August 2019

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

Dear Sir/Madam,

RE: ASX Listing Rule 7.1A4(b) – Additional Disclosure

On or about 21 August 2019, BPH Energy Ltd (“BPH” or “the Company”) issued 239,227,756 fully ordinary shares at a price of $0.001 per share pursuant to ASX Listing Rule 7.1A.

Please find below the additional disclosure in relation to ASX Listing Rule 7.1A4(b) and ASX Listing Rule 3.10.5A(a) in respect of the placement.

(a) Details of the dilution to shareholders of ordinary securities caused by the issue;

• Number of ordinary shares on issue prior to allotment – 2,543,277,658

• Number of ordinary shares on issue post allotment under ASX Listing Rule 7.1A – 2,782,505,414

• Percentage of voting dilution post the issue under ASX Listing Rule 7.1A – 9.4%

(b) The share placement was completed instead of a pro rata issue to existing holders due to the shorter timeframe and lower costs involved in executing the placement shares.

(c) There were no underwriting agreements in place for this issue.

• (d) There were no other fees or costs incurred in connection with the issue.

Yours sincerely

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David Breeze CHAIRMAN

BPH Energy Limited ACN 95 912 002 PO Box 317, North Perth, Western Australia 6906 14 View Street, North Perth, Western Australia 6006 www@bphenergy.com.au admin@bphenergy.com.au T: +61 8 9328 8366 F: +61 8 9328 8733