HYTERRA LTD — Share Issue/Capital Change 2017

Jul 27, 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

New Announcement Date of this announcement Friday July 28, 2017 Reorganisation type Security consolidation Effective Date Friday September 1, 2017

Record Date Monday September 4, 2017

Issue Date

Monday September 11, 2017

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

New announcement

1.5 *Date of this announcement

Friday July 28, 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 Estimated met?
[Select...]
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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