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CENTRAL PETROLEUM LIMITED Share Issue/Capital Change 2021

Mar 3, 2021

64718_rns_2021-03-03_e8d3d49e-771c-4917-bda5-649abe7c3085.pdf

Share Issue/Capital Change

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ASX CODE: CTP

ASX ANNOUNCEMENT AND MEDIA RELEASE

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4 March 2021

CANCELLATION OF UNVESTED SHARE RIGHTS

Central Petroleum Limited ( ASX:CTP ) (“ Company ”) advises that 4,574,604 Share Rights (ASX Code: CTPAA) issued under the Company’s 2017 Long Term Incentive Plan having been tested against the performance criteria, are no longer capable of vesting under their terms of issue and have therefore been cancelled.

The Number and Class of all securities not quoted on the ASX are as follows:

Number Class Description
29,190,639 CTPAA Share Rights
18,151,116 CTPAU Options

-ends-

Release authorised by: Daniel White, Company Secretary

Central Petroleum Limited ABN 72 083 254 308. Level 7, 369 Ann Street, Brisbane, QLD 4000, Australia GPO Box 292, Brisbane, QLD 4001, Australia

Investor & Media Enquiries Greg Bourke: +61 478 318 702 Sarah Morgan: +61 421 664 969

T: +61 (0)7 3181 3800 F: +61 (0)7 3181 3855 [email protected] www.centralpetroleum.com.au