BPH ENERGY LTD — Capital/Financing Update 2022

Aug 23, 2022

24 August 2022

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Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

UPDATED ANNOUNCEMENT: AMENDMENT TO ENTITLEMENT OFFER TIMETABLE, FREE-ATTACHING OPTIONS AND LOYALTY OPTIONS SUBSCRIPTION PRICE

Further to the Capital Raising announcement on 18 August 2022, the amended timetable for the Entitlement offer is as follows:

ASX Announcement of Offer / Resume Trading / Appendix 3B Thursday, 18 August 2022 Anticipated Placement Settlement Date issue of Placement Friday, 26 August 2022 Shares Expected date of ASX Quotation of Placement Shares Friday, 26 August 2022 Lodgement of Prospectus with the ASIC & ASX Friday, 26 August 2022 Ex date Wednesday, 31 August 2022 Record Date for determining Entitlements Thursday, 1 September 2022 Entitlement Offer opening date, Prospectus sent out to Tuesday, 6 September 2022 Shareholders and Company announces this has been completed Last day to extend the Closing Date Monday, 12 September 2022 Closing Date for Entitlement Offer* Thursday, 15 September 2022 Shares quoted on a deferred settlement basis Friday, 16 September 2022 Announcement of results of issue Tuesday, 20 September 2022 Issue date and lodgement of Appendix 2A with ASX applying Thursday, 22 September 2022 for quotation of the securities

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

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

Attaching Options under the Entitlement Offer

The free-attaching options offered by the Company under the Entitlement Offer are not subject to shareholder approval and will be issued pursuant to a Prospectus to be lodged on Friday, 26 August 2022.

Loyalty Options Subscription Price Correction

There is a correction to the subscription price of the Loyalty Options Issue, whereby the subscription price of the Loyalty Options proposed to be issued should be $0.004 . The original announcement on 18 August 2022 states that the subscription price is $0.0033.

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

David Breeze Executive Director