HYDROCARBON DYNAMICS LIMITED — Share Issue/Capital Change 2016

Apr 13, 2016

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

PRYME ENERGY LIMITED

Applicable security for the reorganisation

PYM ORDINARY FULLY PAID PYMO OPTION EXPIRING 23-JUL-2016 PYMAA OPTION EXPIRING 23-JUL-2016 EX 2C

Announcement Type

New Announcement

Date of this announcement

Thursday April 14, 2016

Reorganisation type

Security consolidation

Effective Date Friday May 20, 2016

Record Date

Monday May 23, 2016

Issue Date

Monday May 30, 2016

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

PRYME ENERGY LIMITED

Registration Number

1.2 *Registered Number Type

ACN 117387354

1.3 *ASX issuer code

PYM

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Thursday April 14, 2016

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1.6 *Securities affected by the reorganisation

PYM ORDINARY FULLY PAID PYMO OPTION EXPIRING 23-JUL-2016 PYMAA OPTION EXPIRING 23-JUL-2016 EX 2C

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval

• FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Wednesday May 18, or actual? received/condition approval 2016 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Monday May 23, 2016

3.2 Date of +security holder meeting

Wednesday May 18, 2016

3.3 Last day for trading in the pre-re-organised +securities

Thursday May 19, 2016

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Friday May 20, 2016

3.5 Record date

Monday May 23, 2016

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Tuesday May 24, 2016

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3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Monday May 30, 2016

3.8 Trading starts on a normal T+2 basis

Tuesday May 31, 2016

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Thursday June 2, 2016

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

10

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
PYM Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
1,007,380,397 100,738,040
ASX +Security Code ASX +Security
PYMO Description
OPTION EXPIRING
23-JUL-2016
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
481,025,026 48,102,503
ASX +Security Code ASX +Security
PYMAA Description
OPTION EXPIRING
23-JUL-2016 EX 2C
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	Quoted/unquoted Unquoted	Number on issue before reorganisation 13,610,706	Number on issue after reorganisation 1,361,071	Estimate/Actual Estimated

5.2 *Exercise price of options

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ASX +Security Code ASX +Security Description
PYMO OPTION EXPIRING
23-JUL-2016
Quoted/unquoted Exercise price before Exercise price after
Quoted reorganisation reorganisation
0.02000000 0.20000000
ASX +Security Code ASX +Security Description
PYMAA OPTION EXPIRING
23-JUL-2016 EX 2C
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.02000000 0.20000000
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Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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