BPH ENERGY LTD — Share Issue/Capital Change 2020

Feb 24, 2020

Notification of Consolidation/Split

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Announcement Summary

Entity name

BPH ENERGY LTD

Applicable security for the reorganisation

BPH ORDINARY FULLY PAID BPHAE OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES BPHAD OPTION EXPIRING 30-NOV-2020 EX 2C BPHAC OPTION EXPIRING 31-MAR-2020 EX 2C

Announcement Type

New Announcement

Date of this announcement

Monday February 24, 2020

Reorganisation type

Security consolidation

Trading in the post consolidation or split +securities commences on a deferred settlement basis Tuesday March 31, 2020

Record Date

Wednesday April 1, 2020

Issue Date

Wednesday April 8, 2020

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

BPH ENERGY LTD

1.2 Registered Number Type Registration Number ABN 41095912002

1.3 ASX issuer code

BPH

1.4 The announcement is New announcement

1.5 Date of this announcement

Monday February 24, 2020

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description BPH ORDINARY FULLY PAID BPHAE OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES BPHAD OPTION EXPIRING 30-NOV-2020 EX 2C BPHAC OPTION EXPIRING 31-MAR-2020 EX 2C

Part 2 - Approvals

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Notification of Consolidation/Split

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• 2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

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No

Part 3 - Consolidation or split timetable and details

3.1 +Record date

Wednesday April 1, 2020

3.2 Date of +security holder meeting

3.2a Effective date of consolidation or split

Friday March 27, 2020

3.3 Last day for trading in the pre consolidation or split +securities

Monday March 30, 2020

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

Tuesday March 31, 2020

3.5 Record date

Wednesday April 1, 2020

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

Thursday April 2, 2020

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date) Wednesday April 8, 2020

3.8 Trading starts on a normal T+2 basis

Thursday April 9, 2020

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Wednesday April 15, 2020

Part 4 - Event type and details

4.1 The event is +Security consolidation

Notification of Consolidation/Split

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Notification of Consolidation/Split

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4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

10

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded down to the nearest whole number or fractions disregarded

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code	ASX +Security Description
BPH	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Estimated
	3,341,463,202	334,146,320
ASX +Security Code	ASX +Security Description
BPHAE	OPTION EXPIRING VARIOUS	DATES EX VARIOUS PRICES
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	68,000,000	6,800,000
ASX +Security Code	ASX +Security Description
BPHAD	OPTION EXPIRING 30-NOV-2020 EX 2C
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	2,000,000	200,000
ASX +Security Code	ASX +Security Description
BPHAC	OPTION EXPIRING 31-MAR-2020 EX 2C
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	9,795,000	979,500
5.2 Exercise price of options
ASX +Security Code	ASX +Security Description
BPHAE	OPTION EXPIRING VARIOUS	DATES EX VARIOUS PRICES

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Notification of Consolidation/Split

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	Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
	Unquoted	split	split
		$ 0.00000000	$ 0.03588235
	ASX +Security Code	ASX +Security Description
	BPHAD	OPTION EXPIRING 30-NOV-2020 EX	2C
	Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
	Unquoted	split	split
		$ 0.02000000	$ 0.20000000
	ASX +Security Code	ASX +Security Description
	BPHAC	OPTION EXPIRING 31-MAR-2020 EX	2C
	Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
	Unquoted	split	split
		$ 0.02000000	$ 0.20000000
Part	6 - Further information
	6.1 Further information relating to the consolidation or split
	6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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