FRONTIER ENERGY LIMITED — Director's Dealing 2023

May 25, 2023

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: Frontier Energy Limited ABN: 64 139 522 553

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Grant Davey

Date of last notice 24 February 2022

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	1. DaveyHoldings(Aus)	Pty	Ltd
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	<Burnaford A/C>2. Davey Management (Aus)	Pty	Ltd
	<Davey Family Super Fund A/C>
	3. Davey Holdings (Aus) Pty Ltd
Date of change	26 May 2023
No. of securities held prior to change	26,527,092 fully paid ordinary shares
	2,500,000 options exercisable at	$0.20
	each, expiring 24 February 2025
	1,250,000 options exercisable	at $0.25
	each, expiring 24 February 2025
	1,250,000 options exercisable	at $0.40
	each, expiring 24 February 2025
Class	Fully paid ordinary shares
	Unquoted options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

	Number acquired	2,380,953 fully paid ordinary shares3,489,189 options:-1,039,000 short term KPI ESOPoptions @ nil expiring 31/12/25-2,077,000 long term KPI ESOPoptions @ nil expiring 31/12/27-373,189 short term incentive ESOPoptions @ nil expiring 31/12/24	2,380,953 fully paid ordinary shares3,489,189 options:-1,039,000 short term KPI ESOPoptions @ nil expiring 31/12/25-2,077,000 long term KPI ESOPoptions @ nil expiring 31/12/27-373,189 short term incentive ESOPoptions @ nil expiring 31/12/24	2,380,953 fully paid ordinary shares3,489,189 options:-1,039,000 short term KPI ESOPoptions @ nil expiring 31/12/25-2,077,000 long term KPI ESOPoptions @ nil expiring 31/12/27-373,189 short term incentive ESOPoptions @ nil expiring 31/12/24
	Number disposed	-
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Shares: $1,000,000.26 ($0.42 per share)Options: Nil
	No. of securities held after change	28,908,045 fully paid ordina	ry shares
		2,500,000 options exerciseach exirin 2/2/2	able at $0.20
		, pg 45;1,250,000 options exercis	able at $0.25
		each, expiring 24/2/25;
		1,250,000 options exercis	able at $0.40
		each, expiring 24/2/25.
		3,489,189 ESOP options:1,039,000 short term KPI options @ nilexpiring 31/12/252,077,000 long term KPI options @ nilexpiring 31/12/27373,189 short term incentive options @ nilexpiring 31/12/24
	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Pursuant to approval at AGM held26/5/23

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

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