HELIOS ENERGY LTD — Director's Dealing 2022

Jan 19, 2022

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	Helios Energy Limited
ABN	61 143 932 110

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	Ping He
Date of last notice	20 October 2017

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 1 and Indirect 2
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Indirect 1Shares, listed options and performance rightsheld by PAA Energy LLC, an entity in whichMr He is a director and shareholder.Indirect 2Shares held by Antlers Energy Corporation,an entity in which Mr He is a director.
Date of change		19 January 2022

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Indirect 1 (PAA Energy LLC)75,138,072 fully paid ordinary shares;161,750,000 listed options at $0.02 expiringon 31 December 2021, and50,100,000 performance rights.Indirect 2 (Antlers Energy Corporation)168,000,000 listed options at $0.02 expiringon 31 December 2021.
Class		Fully paid ordinary sharesListed OptionsPerformance Rights
Number acquired		Indirect 1 (PAA Energy LLC)161,750,000 sharesIndirect 2 (Antlers Energy Corporation) 168,000,000 shares
Number disposed		Indirect 1 (PAA Energy LLC)161,750,000 listed options at $0.02 expiringon 31 December 202150,100,000 performance rightsIndirect 2 (Antlers Energy Corporation)168,000,000 listed options at $0.02 expiringon 31 December 2021
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$6,595,000
No. of securities held after change		Indirect 1 (PAA Energy LLC)236,888,072 fully paid ordinary sharesIndirect 2 (Antlers Energy Corporation)168,000,000 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Exercise of options and lapse of performancerights

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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	Detail of contract	Detail of contract	(a) Consulting Contract(b) Joint Venture Participant in the Presidio Oil Project(c) Overriding Royalty Owner in the Presidio Oil Project	(a) Consulting Contract(b) Joint Venture Participant in the Presidio Oil Project(c) Overriding Royalty Owner in the Presidio Oil Project	(a) Consulting Contract(b) Joint Venture Participant in the Presidio Oil Project(c) Overriding Royalty Owner in the Presidio Oil Project	(a) Consulting Contract(b) Joint Venture Participant in the Presidio Oil Project(c) Overriding Royalty Owner in the Presidio Oil Project	(a) Consulting Contract(b) Joint Venture Participant in the Presidio Oil Project(c) Overriding Royalty Owner in the Presidio Oil Project
	Nature of interest			(a) Consulting fee as Managing Director of Helios EnergyLimited at US$20,000 per month(b) Working Interest (3.15% to 6.3%) in the Presidio OilProject(c) Overriding Royalty Interest (0% to 1.75%) in thePresidio Oil Project (various between mineral leases)
	Name of r(if issued	egistered holdersecurities)		N/	A
	Date of ch	ange		N/	A
	No. and cinterest re	lass of securitieslated prior to chan	to whichge	N/	A
	Note: Detailsrelation to wh	are only required for aich the interest has chang	contract ined
	Interest a	cquired		N/	A
	Interest d	isposed		N/	A
	Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation			N/A
	Interest after change			N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	N/A
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011