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BPH ENERGY LTD Capital/Financing Update 2022

Nov 28, 2022

64555_rns_2022-11-28_676755b4-e10c-4ee4-9c2e-1c3996c06a39.pdf

Capital/Financing Update

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28 November 2022

Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

BPH ENERGY LTD LOYALTY OPTIONS OFFER TIMETABLE UPDATE

BPH Energy Limited (“ Company ”) refers to its loyalty options offer of one (1) option (“ Loyalty Option ”) for every eight (8) Shares held by eligible shareholders at an issue price of $0.004 per Loyalty Option (“ Loyalty Options Offer ”) and the updated timetable announced on 3 November 2022.

The Company released a prospectus on 25 November 2022 (“ Prospectus ”) in relation to the Loyalty Options Offer.

The Company wishes to advise that the Appendix 3B has been lodged with the ASX on Monday, 28 November 2022 and accordingly, the timetable for the Loyalty Options Offer as set out in Section 1.1 of the Prospectus has been extended by one (1) day and is as follows:

Lodgement of Prospectus with the ASIC & ASX Friday, 25 November 2022
Lodgement of Appendix 3B with ASX Monday, 28 November 2022
Ex-date Thursday, 1 December 2022
Record Date for determining Entitlements to LoyaltyOptions 5:00pm (WST) Friday, 2 December 2022
Opening Date for the Cleansing Offer Friday, 2 December 2022
Offer of Loyalty Options opening date, prospectussent out to Shareholders and Company announcesthis has been completed Monday, 5 December 2022
Closing Date for the Cleansing Offer 5:00pm (WST) Tuesday, 6 December 2022
Last day to extend the Closing Date of the Offer Before noon (Sydney time) Tuesday, 13December 2022
Closing Date for Offer** 5:00pm (WST) Friday, 16 December 2022
Loyalty Options quoted on a deferred settlementbasis Monday, 19 December 2022
ASX notified of under subscriptions Tuesday, 20 December 2022
Issue date and lodgement of Appendix 2A with ASXapplying for quotation of the Loyalty Options Before noon (Sydney time) Friday, 23December 2022

BPH Energy Ltd ACN 095 912 002 PO Box 317, North Perth, Western Australia 6906 Unit 12, Level 1, 114 Cedric Street Western Australia 6021 [email protected] www.bphenergy.com.au

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

Quotation of Loyalty Options issued under the Wednesday, 28 December 2022
Offer***
Closing Date of Shortfall Offer Within 3 months from the date of the
Prospectus.

* This timetable is indicative only and subject to change without notice. The Company reserves the right to amend any or all of these dates and times, subject to the ASC Listing Rules, Corporations Act and other applicable laws. In particular, the Company reserves the right to accept late applications under the Offer (either generally or in particular cases) and to withdraw the Offer without prior notice.

** The Directors may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. Accordingly, the date the Shares are expected to commence trading on ASX may vary.

****** ***** Quotation of the Loyalty Options is subject to the Company satisfying the quotation requirements set out in Chapter 2 of the ASX Listing Rules.

David Breeze (Director) authorised the release of this announcement to the market.

David Breeze Executive Director