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BPH ENERGY LTD Capital/Financing Update 2023

Jan 8, 2023

64555_rns_2023-01-08_6cad00f9-739e-401d-b7a3-3f0f2f91fffc.pdf

Capital/Financing Update

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9 January 2023

Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

LOYALTY OPTIONS OFFER TIMETABLE UPDATE

Pursuant to the Loyalty Options timetable set out in the Company’s announcement of 12 December 2022, the directors wish to amend the timetable as follows.

The extension to the timetable is as a result of delays arising from BPH’s current suspension from ASX.

Last day to extend the Closing Date of the Offer Before noon (Sydney time) Monday,6 February 2023
Closing Date for Offer** 5:00pm (WST) Thursday, 9 February 2023
Loyalty Options quoted on a deferred settlement basis Friday, 10 February 2023
ASX notified of under subscriptions Monday, 13 February 2023
Issue date and lodgement of Appendix 2A with ASXapplying for quotation of the Loyalty Options Before noon (Sydney time) Thursday, 16February 2023
Quotation of Loyalty Options issued under the Offer*** Friday, 17 February 2023
Closing Date of Shortfall Offer Within 3 months from the date of theProspectus.

* 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.

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 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