HYDROCARBON DYNAMICS LIMITED — Major Shareholding Notification 2017

Aug 8, 2017

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme INDAGO ENERGY LIMITED ACN/ARSN 117 387 354

1. Details of substantial shareholder

Name Deutsche Bank AG and its related bodies corporate (together the “Deutsche Bank Group”) ACN/ARSN (if applicable) 064 165 162 The holder became a substantial holder on 7 August 2017

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date of the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Person’s votes(5)	Voting power(6)
Ordinaryshares	7,030,100	5.38%	5.38%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number ofsecurities (Ordinaryshares)
Deutsche Bank AG, SydneyBranch	Power to exercise, or control the exercise of, thevoting rights and/or disposal of the securities held incapacity as principal	7,030,100

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and number ofsecurities (Ordinaryshares)
Deutsche Bank AG, SydneyBranch	Bainpro Nominees PtyLtd	Deutsche Bank AG, SydneyBranch	2
	Unknown		7,030,098

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date ofacquisition	Consideration (9)(AUD)	Class and number ofsecurities
Refer to Schedule 1

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Deutsche Bank AG, Sydney Branch	Level 16, Deutsche Bank Place, Corner Hunter and PhilipStreet,Sydney,NSW,Australia 2000
Bainpro Nominees PtyLtd	Level 16, Deutsche Bank Place, Corner Hunter and PhilipStreet,Sydney,NSW,Australia 2000

==> picture [123 x 60] intentionally omitted <==

Signature

Name Harsha Narashimha Deutsche Bank AG, Hong Kong Branch 9 August 2017

Schedule 1

Date of change	Holder of relevant interest	Nature of change	Consideration given inrelation to change	Number of securities affected(Ordinary Shares)	Person's votesaffected
8/7/2017	Deutsche Bank AG, Sydney Branch	Sell	0.07	-15,000	-15,000
8/7/2017	Deutsche Bank AG, Sydney Branch	Buy	0.07	7,045,100	7,045,100