ENEGEX LIMITED — Capital/Financing Update 2015

Jun 18, 2015

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Level 21 500 Collins Street Melbourne Victoria 3000 Australia Tel: (+61 3) 8610 4700 Fax: (+61 3) 8610 4799 Email: admin@enegex.com.au

NOTICE OF EXPIRY OF 30 JUNE 2015 (“Options”)

Enegex NL (”Company”) advises that the all options trading on ASX under ASX Code ENXO being options to acquire ordinary shares in the capital of the Company at an exercise price of $0.10 (10 cents) expire at 5.00 pm (AEST) on 30 June 2015 (“Expiry Date”).

Cessation of Trading in Optio ns

Quotation of the Options will cease at the close of trading on ASX on Tuesday 23 June 2015.

Exercise of the Options

The Options are exercisable at any time prior to the Expiry Date. If an Optionholder elects to exercise any or all of his or her Options they must pay the full amount of the Exercise Price of $0.10 (ten cents) and be issued and allotted one fully paid ordinary share in the capital of the Company for each Option exercised. A copy of a form of exercise of Option is attached to this release for use by Optionholders.

Recommendation of Directors

The directors of the Company recommend that Optionholders do not exercise their Options and all Optionholders should note that the exercise price of the Options is significantly in excess of the current market price of the ordinary shares in the capital of the Company (ASX Code: ENX).

Current Share Prices

The recent trading history of the Company’s shares is detailed in the following table, where the lowest and highest market sale prices of these securities on ASX during the 3 months immediately preceding the date of this letter are provided.

	Low		High
Price	Date	Price	Date
$0.012 (1.2 cents)	On each of 10th, 13th,14th, 15thand 21stApril 2015	$0.018 (1.8 cents)	27 March 2015

The last sale price of shares in the Company on ASX (ASX Code: ENX) prior to the date of this announcement was $0.013 (1.3 cents) on 12 June 2015.

Optionholders should also be aware that there have been no trades in the Options (ASX Code: ENXO) in the three months prior to the date of this announcement.

Cessation of Trading in Optio ns

Quotation of the Options will cease at the close of trading on ASX on Tuesday 23 June 2015.

Consequence of not exercising Options

If, as recommended by the Board, you elect to not exercise your Options they will lapse. The Options were granted in exchange for Options to acquire shares in Moby Oil & Gas Limited which were themselves

granted in exchange for Options to acquire shares in Exoil Limited which was acquired by Moby. The original options granted in Exoil were granted for no consideration.

You will receive no value or payment on lapse of your Options.

On behalf of the Board

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R J Wright Company Secretary

2

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Level 21

Level 21 500 Collins Street Melbourne Victoria 3000 Australia Tel: (+61 3) 8610 4700 Fax: (+61 3) 8610 4799 Email: admin@enegex.com.au

IMPORTANT PLEASE COMPLETE YOUR A Securityholder Reference Number/ Holder Identification

Number in the box below

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Number of Options held: Conversion Ratio: 1 for 1 Expiry Date: 30 June 2015

Notice of Exercise of Options (ASX Code: ENXO)

ENEGEX N.L. OPTIONS EXPIRING 30 JUNE 2015

PLEASE READ THIS FORM AND THE NOTES OVERLEAF CAREFULLY AND IN FULL BEFORE COMPLETING THIS FORM.

PLEASE COMPLETE BELOW (using block letters) – refer overleaf for details and further instructions on how to complete this form.

I/We apply to exercise the following number of options and attach a cheque in Australian currency drawn on an Australian branch of a financial institution for the amount payable. Please allot me/us Ordinary Shares calculated on the basis of one (1) Ordinary Share for every one (1) Option which I/we exercise. I/We agree to accept such Ordinary Shares subject to the Constitution of Enegex N.L.

B NUMBER OF OPTIONS EXERCISED

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C PAYMENT AMOUNT

A$

D PLEASE INSERT YOUR CHEQUE DETAILS

Cheques must be drawn on an Australian branch of a financial institution in Australian currency and made payable to “Octanex N.L. Share Subscription Account” and crossed “Not Negotiable”.

Cheque Number

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BSB Account Number

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-

YOUR CONTACT DETAILS

E

Telephone Number where you can be contacted during business hours

(

)

Contact Name (PRINT)

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How to complete the Notice of Exercise of Options

Please complete all relevant sections of this form USING BLOCK LETTERS. These instructions are cross referenced to each section of the notice.

A. COMPLETE YOUR SECURITYHOLDER REFERENCE NUMBER/ HOLDER IDENTIFICATION NUMBER IN THE BOX PROVIDED.

B. Application for Shares under the Notice of Exercise of Options

You may exercise either some of or all of your Options holding. Please write in Box B the number of Options that you wish to exercise.

If you do not indicate the number of Options you wish to Exercise, the Company will exercise as many Options at 10 cents as your accompanying cheque will pay for. The number of Options exercised will not exceed the number of Options that you hold. SEE ALSO NOTE C.

D. Cheque Details

Please enter your cheque details in Section D.

Cheques must be drawn on an Australian branch of a financial institution in Australian currency and made payable to “Enegex N.L” and crossed “Not Negotiable”.

E. Contact

Please enter your daytime contact telephone number so we can contact you regarding your notice, if necessary.

C. Total Payment Required for Options Exercise

Please enter in the Box in item C the total amount of the cheque required for the payment of the Options you wish to exercise at the Exercise Price. This will be an amount of 10 cents per Option multiplied by the number of Options Exercised.

If you do not complete any box in item C you will be deemed to have exercised that number of Options as your accompanying cheque will pay for at 10 cents.

PLEASE NOTE that you do not have to exercise your Options now. However, if you do not exercise your Options by 5:00pm Melbourne time on 30 June 2015 the Options will lapse and no longer be available for exercise.

How to Lodge the Notice of Exercise of Options

The completed notice with the accompanying payment must be mailed or delivered to the address set out below.

Address

Link Market Services Limited Locked Bag A14 SYDNEY SOUTH NSW 1235 Australia

PLEASE USE THE ABOVE ADDRESS FOR MAILING YOUR NOTICE OF EXERCISE AND ACCOMPANYING CHEQUE.

Privacy Clause: Chapter 2C of the Corporations Act 2001 requires information about you as a securityholder (including your name, address and details of the securities you hold) to be included in the public register of the entity in which you hold securities. Information is collected to administer your securityholding and if some or all of the information is not collected then it might not be possible to administer your securityholding. Your personal information may be disclosed to the entity in which you hold securities. You can obtain access to your personal information by contacting Enegex NL at the address shown on this form.