INVICTUS ENERGY LTD — Director's Dealing 2020

Dec 30, 2020

Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: Invictus Energy Ltd ACN: 150 956 773

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Stuart Lake
Date of last notice	5 September 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	24 December 2020
No. of securities held prior to change	1,000,000 Shares 3,000,000 options, $0.06 exercise price expiring 31 July 2022 3,000,000 options, $0.09 exercise price expiring 31 July 2022 3,000,000 options, $0.12 exercise price expiring31 July2022
Class	Ord Shares Performance Rights
Number acquired	945,936 shares 5,000,000 performance rights
Number disposed	-

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares – equity in lieu of fees cost saving & austerity programme as approved by shareholders at the 2020 AGM Performance Rights - issued as part of retention, remuneration and incentive plan. Rights to vest subject to satisfaction of commercial hurdles linked to the company’s strategic objectives
No. of securities held after change	1,945,936 Shares 3,000,000 options, $0.06 exercise price expiring 31 July 2022 3,000,000 options, $0.09 exercise price expiring 31 July 2022 3,000,000 options, $0.12 exercise price expiring 31 July 2022 5,000,000 performance rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividendreinvestmentplan,participationin buy-back	Off-market & approved by shareholders at the 2020 AGM

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimatedvaluation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

11/3/2002 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: Invictus Energy Ltd ACN: 150 956 773

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Barnaby Egerton-Warburton
Date of last notice	8 October 2018

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Securities are held by Whistler Street Pty Ltd atf the E-W Super Fund. Mr Egerton-Warburton is a director and shareholder of this company and is a beneficiary of the E-W Super Fund. BXW Ventures Pty Ltd - Mr Egerton-Warburton is a director of this company Rockaway Ventures Pty Ltd – director & shareholder
Date of change	24 December 2020
No. of securities held prior to change	Whistler Street Pty Ltd Ordinary Shares: •2,813,333 shares BXW Ventures Pty Ltd •5,958,121 Shares • 8,000,000 options, $0.06 exercise price, expiring 25 June 2021 Rockaway Ventures Pty Ltd 500,000 shares

Class	ORD SHARES
Number acquired	279,838 Shares
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares – equity in lieu of fees cost saving & austerity programme as approved by shareholders at the 2020 AGM
No. of securities held after change	Whistler Street Pty Ltd Ordinary Shares: •3,093,171 shares BXW Ventures Pty Ltd •5,958,121 Shares • 8,000,000 options, $0.06 exercise price, expiring 25 June 2021 Rockaway Ventures Pty Ltd • 500,000 shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividendreinvestmentplan,participationin buy-back	Off-market & approved by shareholders at the 2020 AGM

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

in thispart.
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimatedvaluation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

11/3/2002 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: Invictus Energy Ltd ACN: 150 956 773

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gabriel Chiappini
Date of last notice	5 October 2018

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Gabriel & Rosa Chiappini Account> Beneficial Holder Rosa Chiappini (Wife)
Date of change	24 December 2020
No. of securities held prior to change	Gabriel & Rosa Chiappini 3,866,666 Shares 4,000,000 options, $0.06 exercise expiring 25 June 2021
Class	ORD SHARES
Number acquired	606,190 shares
Number disposed	-

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares – equity in lieu of fees cost saving & austerity programme as approved by shareholders at the 2020 AGM
No. of securities held after change	Gabriel & Rosa Chiappini 4,472,856 Shares 4,000,000 options, $0.06 exercise expiring 25 June 2021 Rosa Chiappini 180,488 Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividendreinvestmentplan,participationin buy-back	Off-market & approved by shareholders at the 2020 AGM

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimatedvaluation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

11/3/2002 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: Invictus Energy Ltd ACN: 150 956 773

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Scott Macmillan
Date of last notice	24 February 2020

Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Bayethe Investments Pty Ltd ATF Pambili Trust, director & beneficial shareholder
Date of change	24 December 2020
No. of securities held prior to change	Bayethe Investments Pty Ltd 71,375,133 Shares 27,008,431 Class B Performance Shares 38,970,317 Class C Performance Shares Scott Macmillan 1,200,000 shares
Class	Ord Shares Performance Rights
Number acquired	696,414 shares 6,800,000 performance rights
Number disposed	-

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares – equity in lieu of fees cost saving & austerity programme as approved by shareholders at the 2020 AGM Performance Rights - issued as part of retention, remuneration and incentive plan. Rights to vest subject to satisfaction of commercial hurdles linked to the company’s strategic objectives
No. of securities held after change	Bayethe Investments Pty Ltd 71,375,133 Shares 27,008,431 Class B Performance Shares 38,970,317 Class C Performance Shares Scott Macmillan 1,896,414 shares 6,800,000 Performance Rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividendreinvestmentplan,participationin buy-back	Off-market & approved by shareholders at the 2020 AGM

Part 2 – Change of director’s interests in contracts

Part 2 – Change of director’s interests in contracts	Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of thedefinitionof “notifiable interest of a director” should be disclosed in thispart.
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimatedvaluation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

11/3/2002 Appendix 3Y Page 3