INVICTUS ENERGY LTD — Director's Dealing 2023

Jun 28, 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	Gabriel Chiappini
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	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	27 June 2023
No. of securities held prior to change	Gabriel & Rosa Chiappini 8,682,174 Shares 3,000,000 options exp 23/7/24, ex price $0.2355 Class A Performance Rights – 3,500,000 Class B Performance Rights – 3,500,000 IVZOA Options: 104,166 Rosa Chiappini 180,488 Shares
Class	IVZ Ord Shares IVZOA Options 7 June 2026/$0.20
Number acquired	IVZ Ord Shares: 208,333 IVZOA Options 7 June 2026/$0.20: 104,166
Number disposed	-

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	IVZ Ord acquired at same placement terms ($0.12 per share) as April transaction and SPP offer with IVZOA issued on 1-for-2 basis on same terms as SPP.
No. of securities held after change	Gabriel & Rosa Chiappini 8,890,507 Shares 3,000,000 options exp 23/7/24, ex price $0.2355 Class A Performance Rights – 3,500,000 Class B Performance Rights – 3,500,000 IVZOA Options: 104,166, 7 June 2023/$0.20 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 IVZ ORD + IVZOA via Placement Approved at EGM 7 June 2023

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