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INVICTUS ENERGY LTD Share Issue/Capital Change 2020

Jun 21, 2020

65149_rns_2020-06-21_3a691a28-5c90-4368-961c-4a3d83317572.pdf

Share Issue/Capital Change

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Invictus Energy Limited ("Invictus" or "the Company"), confirms that 31,587,822 Class B Performance Shares lapsed on 20 June 2020.

Post the lapse of the Class B Performance Shares, the Company’s capital structure is as follows:

Issued Capital Ordinary Shares 449,194,206
Unlisted Class C Performance Shares 44,179,281
Unlisted Options 44,000,000

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Authorised by Scott Macmillan Managing Director for and on behalf of the board of Invictus Energy Limited

About Invictus Energy

Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. Our asset portfolio consists of a highly prospective 250,000 acres within the Cabora Bassa Basin in Zimbabwe. Special Grant 4571 contains the world class multiTCF Mzarabani and Msasa conventional gas-condensate prospects.

Board & Management

Dr Stuart Lake

NON-EXECUTIVE CHAIRMAN

Scott Macmillan MANAGING DIRECTOR

For further information, please contact:

Brent Barber COUNTRY MANAGER

Barnaby Egerton-Warburton NON-EXECUTIVE DIRECTOR

Scott Macmillan

Managing Director P + 61 (08) 6102 5055 [email protected]

Corporate Advisor Ashanti Capital P +61 (08) 6169 2668

Eric de Mori

NON-EXECUTIVE DIRECTOR

Gabriel Chiappini

NON-EXECUTIVE DIRECTOR & COMPANY SECRETARY

24 Outram Street, West Perth, WA 6005 Australia T: +61 8 6102 5055 E: [email protected]

Invictus Energy Limited ABN 21 150 956 773

www.invictusenergy.com

For further information on Invictus Energy, please visit the Company's website at www.invictusenergy.com

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About the Cabora Bassa Project

The Cabora Bassa Project encompasses the Mzarabani Prospect, a multi-TCF and liquids rich conventional gascondensate target, which is potentially the largest, undrilled seismically defined structure onshore Africa. The prospect is defined by a robust dataset acquired by Mobil in the early 1990s that includes seismic, gravity, aeromagnetic and geochemical data.

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www.invictusenergy.com