INVICTUS ENERGY LTD — Director's Dealing 2023

Nov 22, 2023

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	12 August 2022

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/Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Bayethe Investments Pty Ltd ATF Pambili Trust,director & beneficial shareholder
Date of change	22 November 2023
No. of securities held prior to change	Bayethe Investments Pty Ltd71,375,133 SharesClass A Performance Rights – 5,000,000Class B Performance Rights – 5,000,000Scott Macmillan1,896,414 shares3,000,000 exp23/7/24, exprice $0.2355
Class	IVZ Options
Number acquired	IVZACOptions: 2,515,000
Number disposed	-

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	Issued as part of Long Term Incentive PlanRefer 2023 AGM Notice for further details
No. of securities held after change	Bayethe Investments Pty Ltd71,375,133 SharesClass A Performance Rights – 5,000,000Class B Performance Rights – 5,000,000IVZACOptions: 2,515,000Scott Macmillan1,896,414 shares3,000,000 exp 23/7/24, ex price $0.2355
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividendreinvestmentplan,participationin buy-back	Off marketApproved at 27 October 2023 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 disclosedin 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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimatedvaluation	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 abovetraded during a+closed period where prior written clearance wasrequired?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

11/3/2002 Appendix 3Y Page 3