BPH ENERGY LTD — Share Issue/Capital Change 2023

Feb 1, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

BPH ENERGY LTD

Date of this announcement

Thursday February 02, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Incentive Options with an exercise price of $0.03	15,000,000	02/02/2023
to be confirmed	each and an expiry date of 30 September 2024

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BPH ENERGY LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

41095912002

1.3 ASX issuer code

BPH

1.4 The announcement is

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New announcement

1.5 Date of this announcement

2/2/2023

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code +Security description New class - code to be confirmed Incentive Options with an exercise price of $0.03 each and an expiry date of 30 September 2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 2/2/2023

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
David Breeze	Trandcorp Pty Ltd (Trandcorp Superfund)	15,000,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer the Company's 2022 Notice of Annual General Meeting lodged with ASX on 2/11/22

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.03000000 30/9/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

BPH Fully Paid ordinary Shares

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer the Company's 2022 Notice of Annual General Meeting lodged with ASX on 2/11/22

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

15,000,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
BPH : ORDINARY FULLY PAID	877,598,921
BPHOD : OPTION EXPIRING 30-SEP-2024 DEFERRED	107,883,088
BPHOB : OPTION EXPIRING 30-SEP-2024	273,277,650

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
BPHAE : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,200,000
BPHAG : OPTION EXPIRING 08-FEB-2023 EX $0.26	7,285,714
New class - code to be confirmed : Incentive Options with an exercise price of $0.03 each	15,000,000
and an expiry date of 30 September 2024

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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