BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2018

Nov 29, 2018

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NEWS RELEASE

November 30, 2018

Notification of Expiry of Listed Options (ASX: BRKO)

Brookside Energy Limited (“Brookside” or “the Company”) advises that the attached letter has been sent to holders of Brookside listed options (ASX: BRKO) exercisable at 2 cents per option on or before 31 December 2018

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For further information, contact:

Loren King Director and Secretary

Brookside Energy Limited Tel: (+61 8) 6489 1600 loren@brookside-energy.com.au

ABOUT BROOKSIDE ENERGY LIMITED

Brookside is an Australian publicly held company listed on the Australian Securities Exchange (ASX: BRK). The Company was established in 2004 and first listed via an Initial Public Offering in October 2005. The Company has established deep and valued relationships in the oil and gas sector over the last 10 years through its successful activities in the oil and gas sector focused on the mid-continent region of the United States. Brookside’s goal is to build value per share through a disciplined portfolio approach to the acquisition and development of producing oil and gas assets and the leasing and development of acreage opportunities.

Web http://www.brookside-energy.com.au

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30 November 2018

Listed Options expiring on 31 December 2018

Dear Option Holder,

We are writing to you as a registered holder of listed options (“Options”, ASX code “BRKO”) in Brookside Energy Limited (the “Company”, ASX code “BRK”) to remind you that the Options will expire at 5:00pm (WST) on Monday 31 December 2018 .

Your Options holding may be exercised in whole or in part by payment of $0.02 for each Option. If payment is not received by at 5:00pm (WST) on Monday 31 December 2018, the Options will lapse and all rights under the Options will cease at that time.

The courses of action available to you as a holder of these Options are:

• A. Exercise all or some of your Options

To exercise your Options, the enclosed Option Exercise Notice and your cleared funds must be received by the Company’s share registry no later than 5:00pm (WST) on Monday 31 December 2018. Payment instructions are on enclosed form.

• B. Sell all or some of your Options on market If you elect not to exercise your Options, you may wish to consider selling your Options. Quotation of the Options will cease trading on the ASX at 5.00pm (WST) on 21 December 2018.

C. Do nothing and allow your Options to lapse If you do not take any action to exercise your Options prior 5:00pm (WST) on Monday 31 December 2018, the Options will expire and your right to purchase shares at $0.02 will lapse.

In accordance with ASX Listing Rules, the Company advises the following:

1. The number of Options you hold at the date of this letter is set out in your Options Expiry Notice.

2. Each Options entitles the holder to receive, on exercise, one fully paid ordinary share in the Company. If all Options are exercised, by all holders of the Options, then 675,421,875 fully paid ordinary shares will be issued.

3. The exercise price of the Options is $0.02 per share.

4. If cleared funds are not received by 5:00pm (WST) on Monday 31 December 2018, then your Options will expire with no value and no further entitlement will exist.

5. Official quotation of BRKO Options on the ASX will cease at the close of trading on Friday 21 December 2018.

6. The latest available market price of BRK shares prior to the date of this notice was $0.014 at the close of trading on 29 November 2018.

7. During the three months preceding the date of this notice, the highest market sale price of ordinary shares on ASX was $0.02 on 8 October 2018, and the lowest market sale price of ordinary shares on ASX was $0.011 on 4 September 2018.

8. As at the date of this notice, there is no underwriting agreement in place for the exercise of the Options.

If you have any queries on how to exercise your Options, please contact Automic Registry Services by telephone on 1300 288 664 (Australia) or +61 9698 5414 (Overseas).

The Directors of the Company thank you for your continued support.

Yours faithfully,

David Prentice Managing Director

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 Ι PO Box 866, Subiaco WA 6904 P + 61 8 6489 1600 Ι F + 61 8 6489 1601 Ι W www.brookside-energy.com.au

All Registry Communication to:

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BROOKSIDE ENERGY LIMITED | ABN 15 108 787 720

Name and Address of Registered Holding

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NOTICE OF EXERCISE OF OPTIONS

GPO Box 5193, Sydney NSW 2001 1300 288 664 (within Australia) +61 2 9698 5414 (international) hello@automic.com.au

www.automic.com.au

SRN/HIN: Security Code: BRKO Number of Options Held: Option Expiry Date: 31/12/2018

Exercise Price: $0.02

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NOTE: When signed under Power of Attorney, the attorney states that they have not received a notice of revocation. A certified copy of the Power of Attorney must be lodged with this exercise form.

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