HYTERRA LTD — Capital/Financing Update 2014

Jan 19, 2014

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ASX ANNOUNCEMENT

17 January 2014 By e-lodgement

ALLOTMENT OF PLACEMENT SHARES AND CLEANSING NOTICE

Triple Energy Limited (ASX: TNP, Triple or Company ) advises that 100,000,000 new fully paid ordinary shares ( Placement Shares ) have now been allotted and issued to professional and sophisticated investors to raise $600,000 before costs.

A completed Appendix 3B in respect of the Placement Shares has been lodged together with this announcement and additional information required under Listing Rule 3.10.5A

Secondary Trading Exemption Notice

The Corporations Act 2001 ( Act ) restricts the on-sale of securities without disclosure, unless the sale is exempt under Section 708 or 708A of the Act. By Triple giving this notice, on-sale of the Placement Shares will fall within the exemption offered by Section 708A (5) of the Act.

Triple hereby notifies the ASX (as the operator of the prescribed financial market on which the Placement Shares are to be quoted) under Section 708A(5)(e) of the Act that:

• (a) Triple issued the Placement Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) As at the date of this notice Triple has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and with Section 674 of the Act; and,

• (c) As at the date of this notice there is no “excluded information” as defined in Section 708A(7) and (8) of the Act in relation to the Company.

CONTACT DETAILS FOR FURTHER INFORMATION:

Paul Underwood T: + 61 (0) 408 557 821 E:underwoodpw@tripleenergy.net

Triple Energy Ltd ACN 116 829 675 Unit 15, Level 1, 100 Railway Road, Subiaco, WA 6008 Tel +61 8 9381 3322

Mobile +61 408557821 Email underwoodpw@tripleenergy.net Web www.tripleenergy.net

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ANNEXURE A - INFORMATION REQUIRED UNDER ASX LISTING RULE 3.10.5A

As detailed in the accompanying Appendix 3B dated 17 January 2014, the Placement Shares were issued partly under the 15% limit available to the Company under Listing Rule 7.1 and partly under the additional 10% approved by Shareholders at the Company’s 2013 Annual General Meeting in accordance with Listing Rule 7.1A. In accordance with the requirements of Listing Rules 7.1A4(b) and 3.10.5A the following information is provided by the Company in relation to the 21,858,863 Placement Shares issued under Listing Rule 7.1A.

(a) Details of the dilution to existing shareholders as a result of the issue

A total of 21,858,863 shares were issued pursuant to Listing Rule 7.1A, representing 3.5% of the post-placement capital.

The percentage of the post-placement capital held (in aggregate) is as follows:

• Pre-placement security holders who did not participate in the placement – 96.5 % of issued capital

• Pre-placement security holders who did participate in the placement – 3.5 % of issued capital

• Participants in the placement who were not previously security holders – 0.0 % of issued capital

The percentage of the post-placement capital held by pre-placement security holders is 96.5 % of the issued capital.

(NOTE - Calculations relate to the part of the Placement conducted under Listing Rule 7.1A, after adjusting for the portion of the Placement conducted under Listing Rule 7.1)

(b) Reasons why the Company issued the equity securities as a placement under rule 7.1A and not as (or in addition to) a pro-rata issue or other type of issue in which existing ordinary shareholders would have been eligible to participate

The regulatory costs, prescribed timing and uncertainty of funding outcome (in the absence of an underwriting arrangement) of a pro-rata issue were considered to be prohibitive under the circumstances. TNP has issued the shares to a small number of Australian professional and sophisticated investors as it was considered to the most cost-effective, expedient and certain method for raising the funds required to achieve the stated objectives of the Placement.

(c) Details of any underwriter arrangements including any fees payable to the underwriter

Not Applicable. The Placement was not underwritten.

(d) Any other fees or costs incurred in connection with the issue and the funds raised

No brokerage is payable in connection with the issue, however the usual ASX listing fees and share registry expenses will apply.

Triple Energy Ltd ACN 116 829 675 Unit 15, Level 1, 100 Railway Road, Subiaco, WA 6008 Tel +61 8 9381 3322

Mobile +61 408557821 Email underwoodpw@tripleenergy.net Web www.tripleenergy.net