HYTERRA LTD — Capital/Financing Update 2015

Mar 19, 2015

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ASX ANNOUNCEMENT

20 March 2015 by e-lodgement

2015 SHARE PURCHASE PLAN

• $750,000 preferentially reserved for eligible TNP Shareholders

• Offer Price equal to the Tranche #2 Blue Sky Power ( BSP ) Placement

The Directors of Triple Energy Limited (ASX: TNP, Triple or Company ) are pleased to announce the details of the preferential offer of shares to existing shareholders negotiated as part of the BSP investment transactions. Specifically the Company will be conducting a Share Purchase Plan ( SPP ) to raise up to $750,000 by the issue of 125,000,000 new shares at a price of $0.006 (the same price of the Tranche #2 placement to BSP). Under the terms of the SPP, eligible TNP Shareholders (including retail Shareholders) will have the opportunity to subscribe/apply for new Shares at the same price (0.6 cents per Share) as the previously announced Tranche #2 Placement to Blue Sky Power Holdings Ltd ( BSP ).

As previously notified by the Company, the BSP Investment Transaction will be considered by Shareholders at a general meeting to be held on 24 April 2015.

Both the BSP Tranche #2 Placement and SPP offer are being conducted at a small premium (13.66%) to the weighted average share price of TNP shares over the 5 days on which sales were recorded prior to the date of this announcement, but equal to the last traded price at that time.

A copy of the SPP Offer Letter and plan rules is being lodged at ASX together with this announcement and a summary of key dates is set out below:

Event	Date
Record Date(5:00pm WST)	19 March 2015
Announcement of Plan	20 March 2015
OpeningDate of Offer	20 March 2015
ClosingDate of Offer	24 April 2015
Issue of Shares under the Plan*	1 May2015
Dispatch date for holdingstatements*	1 May2015
Quotation of Shares on ASX*	4 May2015

*These dates are indicative only. The Company may vary the dates and times of the Offer without notice.

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

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Notice Under Class Order 09/425

This Notification is given by Triple Energy Ltd pursuant to paragraph 7(f)(ii) of ASIC Class Order [CO 09/425].

The Company hereby confirms that:

1. The offer of Shares under the Share Purchase Plan is made without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Corporations Act).

2. As at the date of this Notification, there has been compliance with:

3. a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

4. b. section 674 of the Corporations Act as it applies to the Company.

5. As at the date of this Notification, there is no information:

6. a. that has been excluded from a continuous disclosure notice in accordance with the ASX listing rules; and

7. b. that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

   • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   • ii. the rights and liabilities attaching to the Shares.

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 Web www.tripleenergy.net