HELIOS ENERGY LTD — Share Issue/Capital Change 2021

Aug 31, 2021

Helios Energy Ltd Date: 1 September 2021

1 September 2021

ASX Code: HE8

Market Announcements Office Australian Securities Exchange Level 4, 20 Bridge Street SYDNEY NSW 2000

CONVERSION OF LISTED OPTIONS

The Company has completed the conversion of 833,334 listed options (ASX: HE8OA) into fully paid ordinary shares (ASX: HE8) as per the lodged Appendix 2A.

SECTION 708A (5)(e) NOTICE Issuer: Helios Energy Limited ABN: 61 143 932 110

The Issuer named above notifies ASX (as the operator of the prescribed financial market on which the securities identified below are or are to be quoted) under section 708A(5)(e) that:

• (a) the securities identified below were issued without disclosure under Part 6D.2 of the Corporations Act;

• (b) as at the date of this notice the Issuer has complied with the provisions of Chapter 2M as they apply to the Issuer and with section 674 of the Corporations Act; and

• (c) as at the date of this notice there is no information which is excluded information as contained in sections 708A(7) and 708A(8) of the Corporations Act.

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----- Start of picture text ----- DETAILS OF THE ISSUE OF SECURITIESClass of Securities: Fully paid ordinary sharesASX Code of the Securities: HE8Date of the issue of Securities: 30 August 2021Total number of Securities issued: 833,334 fully paid ordinary shares----- End of picture text -----

Directors

Hui Ye Non-Executive Chairman

Richard He Managing Director

Robert Bearden Non-Executive Director

Nicholas Ong Non-Executive Director John Palermo Company Secretary

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

3 Riverway, 17[th] Floor Suite 1750, Houston Texas USA 77056 Tel +1 713 333 3613 Fax +1 713 583 0965

www.heliosenergyltd.com

Yours sincerely John Palermo Company Secretary