HELIOS ENERGY LTD — Capital/Financing Update 2017

Dec 20, 2017

==> picture [333 x 175] intentionally omitted <==

MARKET RELEASE

21 December 2017

Helios Energy Ltd

TRADING HALT

The securities of Helios Energy Ltd (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 27 December 2017 or when the announcement is released to the market.

Security Code: HE8

Dale Allen

Senior Adviser, Listings Compliance (Perth)

Helios Energy Ltd

Date: 21 December 2017

21 December 2017

ASX Compliance Pty Limited Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000

Via email - tradinghaltsperth@asx.com.au

Attention: James Rowe, Manager Listings Compliance (Perth)

Dear Sir

Request for Trading Halt

ASX Code: HE8

Directors

Hui Ye Non-Executive Chairman Richard He Managing Director

Nicholas Ong Non-Executive Director

Gary Steinepreis Non-Executive Director and Company Secretary

The Directors of Helios Energy Ltd (ASX Code: HE8) ( Helios or Company ) (ASX Code: HE8, HE8OA ) hereby request a trading halt of the Company's securities.

The trading halt is requested until an announcement is made to the market about a proposed capital raising and is expected to be made before the opening of trading on Wednesday, 27 December 2017.

The Company is not aware of any reason why the trading halt should not be granted.

Contact Details

Australian Office

Level 3, 18 Richardson Street West Perth WA 6005 Australia PO Box 1485 West Perth WA Australia 6872

Tel +61 1300 291 195 Fax +61 8 6298 6191

USA Office

Yours faithfully

2 Riverway, 17[th] Floor Suite 1710, Houston Texas USA 77056

Tel +1 713 333 3613 Fax +1 713 583 0965

www.heliosenergyltd.com

Gary Steinepreis

Non-Executive Director and Company Secretary

==> picture [596 x 168] intentionally omitted <==