HIGH PEAK ROYALTIES LIMITED — Director's Dealing 2018

Jun 24, 2018

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25 June 2018

Australian Securities Exchange Companies Announcements Office

HPR welcomes another Institutional Investor to its Register

HPR is pleased to welcome a new institutional investor to the Company’s share register. The Lowell Resources Fund (ASX:LRT) has acquired 4,675,765 shares.

The Lowell Resources Fund has a long track record of generating strong absolute returns from the junior resources sector. The purchase was facilitated by way of a strategic, partial sell-down by Anthony Wooles. Mr. Wooles remains the second largest shareholder of the Company with 20 million shares.

Mr Andy Carroll, Chairman of HPR, commented:

“We are pleased to welcome another high-quality investment fund to our register. We believe this is a strong endorsement of HPR's royalties business model, existing portfolio of assets, and growth outlook, as well as the current stronger oil price and the positive outlook for East Coast gas price.”

The Appendix 3Y for Mr Wooles is enclosed as an Annexure to this announcement.

For further information please contact:

Andy Carroll Chairman Ph: +61 2 8296 0011

Jarrod White Director Ph: +61 2 8296 0011 Email: jarrod.white@highpeak.com.au

High Peak Royalties Limited (ASX:HPR) – ABN 79 118 065 704 Suite 305 Level 3, 35 Lime Street, Sydney NSW 2000 +61 (0)2 8296 0000 | www.highpeak.com.au

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About High Peak Royalties:

High Peak Royalties is Australia's leading oil and gas royalties company, with exposure to 23 royalties in Australia, and the United States. High Peak Royalties’ portfolio covers production, development and exploration projects and features high quality project operators, including some of the world’s leading oil and gas companies.

The company’s portfolio includes:

Permit / Location	Royalty Interest(%)	Operated By
PL 171 and ATP 574P	2.50	Queensland Gas/BG Group/Shell
ATP 299PPetroleum Leases: PL29, PL38, PL39, PL52, PL57,PL95, PL169, PL170, PL293, PL294, PL295 andPL298	3.6/4.0	Santos
Peat Gas Field(PL101)	2.13	Origin Energy
Surprise Oil Field(PL6)	1.00	Central Petroleum
Longtom Gas Field(VIC/L29 and VIC/P54)	0.30	Seven GroupHoldings
WA-314-P	0.10	Karoon Gas
WA-315-P	0.10	ConocoPhillips
EP(A)111,EP115,EP(A)120 and EP(A)124	1.00	Central Petroleum
EP112,EP115NM and EP125	1.00	Santos
WA-482-P	0.20	Apache Corporation
WA-EP468	2.00	Paltar Petroleum
EP156 and EP(A)155	2.00	Mosman Oil and Gas
United States (East Texas, Permian and TexasGulf Coast Basins)	0.20 to 0.40	Sabine Oil and Gas, PioneerNatural Resources andWagner Oil Company
United States (East Texas)	1.00	Silver Tusk and New CenturyOperating
Weeks Petroleum Royalty (Gippsland Basin)indirect interest via 10.68% shareholding inRoyalco Resources(ASX: RCO)	0.005	ExxonMobil

High Peak Royalties Limited (ASX:HPR) – ABN 79 118 065 704 Suite 305 Level 3, 35 Lime Street, Sydney NSW 2000 +61 (0)2 8296 0000 | www.highpeak.com.au

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 High Peak Royalties Limited

ABN 79 118 065 704

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 Anthony Wooles

Date of last notice 02 June 2015

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	AEW Holdings Pty Ltd as trustee for theAEW Capital Trust(director and shareholder)
Date of change	21 June 2018
No. of securities held prior to change	24,675,765 Ordinary Shares
Class	Fully Paid Ordinary Shares
Number acquired	Nil
Number disposed	4,675,765 Fully Paid Ordinary Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$201,058
No. of securities held after change	20,000,000 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On market trade

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
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 details andan estimated valuation	N/A
Interest after change	N/A

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?	No
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 2

01/01/2011