HYTERRA LTD — Share Issue/Capital Change 2017

Aug 29, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

TRIPLE ENERGY LIMITED Applicable security for the reorganisation TNP ORDINARY FULLY PAID TNPAI OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Announcement Type Update to previous announcement Date of this announcement Wednesday August 30, 2017 Reason for the Update Resolution passed at AGM. Refer to below for full details of the announcement Announcement Details Part 1 - Entity and announcement details 1.1 *Name of +Entity TRIPLE ENERGY LIMITED Registration Number 1.2 *Registered Number Type ABN 68116829675 1.3 *ASX issuer code TNP 1.4 *The announcement is Update/amendment to previous announcement 1.4a Reason for update to a previous announcement Resolution passed at AGM. 1.4b * Date of previous announcement(s) to this update Friday July 28, 2017 1.5 *Date of this announcement Wednesday August 30, 2017

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1.6 *Securities affected by the reorganisation

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TNP ORDINARY FULLY PAID
TNPAI OPTION EXPIRING VARIOUS DATES EX
VARIOUS PRICES
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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

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Wednesday August or actual? received/condition
approval 30, 2017 Actual met?
Yes
Comments
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Part 3 - Reorganisation timetable and details

3.1 *+Record date

Monday September 4, 2017

3.2 Date of +security holder meeting

Wednesday August 30, 2017

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

Thursday August 31, 2017

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 September 1, 2017

3.5 Record date

Monday September 4, 2017

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 September 5, 2017

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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 September 11, 2017

3.8 Trading starts on a normal T+2 basis

Tuesday September 12, 2017

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Thursday September 14, 2017

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

40

(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
TNP Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
1,647,900,913 41,197,523
ASX +Security Code ASX +Security
TNPAI Description
OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
167,000,000 4,175,000
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5.2 *Exercise price of options

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ASX +Security Code ASX +Security Description TNPAI OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00000000 AUD 0.60000000 Part 6 - Further information 6.1 Further information relating to the reorganisation 6.2 Additional information for inclusion in the Announcement Summary

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