JATCORP LIMITED — Capital/Financing Update 2014

Nov 11, 2014

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12 November 2014

JAT ENERGY LIMITED (ACN 122 826 242) NOTICE OF INTENTION TO OFFER A RIGHTS ISSUE TO EXISTING SHAREHOLDERS

(Corporations Act S.708AA(7))

Date: 12 November 2014

1. GENERAL

The Company announces that it proposes to make a rights issue pursuant to section 708AA of the Corporations Act without issuing a product disclosure statement in relation thereto.

2. PARTICULARS OF THE ISSUE

The rights issue is a pro-rata non-renounceable entitlement issue of one new share for every 4 shares held at the Record Date. The issue price for each new share is 2.5 cents.

The offer seeks to raise $542,828. The offer is not underwritten but Directors reserve the right to place any shortfall at their discretion provided that no such placement(s) shall be made to Directors or related parties. It will result in the issue of 21,713,113 new shares by the Company.

The purpose of the rights issue is to fund general working capital including corporate and office administration.

3. REQUIREMENTS OF NOTICE

This notice is being given to Australian Securities Exchange (“ASX”) pursuant to the provisions of Section 708AA(2)(f) of the Corporations Act.

1. As at the date of this Notice, the Company has complied with all of its obligations under Chapter 2M of the Corporations Act (which relates to the financial reporting obligations of disclosing entities).

5. As at the date of this Notice, the Company with all of its obligations under Section 674 of the Corporations Act (being compliance with its obligations of disclosure under ASX Listing Rules).

6. The Company is not aware of any information that has been excluded from any continuous disclosure notice issued pursuant to ASX Listing Rules that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of the assets and liabilities, financial position

Floor 6, Suite 8, 55 Miller Street, PYRMONT NSW 2009 t +61 2 9571 8300 f +61 2 9571 8200 w www.jatenergy.com

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and performance, profits and losses and prospects of the company or the rights and liabilities attaching to the rights being offered.

7. The rights issue will increase the issued shares in the Company from 108,565,568 to 130,278,681 – an increase of 25%. Because the rights issue is nonrenounceable and it cannot be known with certainty which shareholders will take up their rights entitlements the effect of the issue on control of the Company and the consequences thereof will depend on the particular shareholders who take up their entitlements and the parties to whom any shortfall is or are allotted. (Shareholders are directed to the contents of the offer document in that regard).

By authority of the Board

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Graeme Hogan Company Secretary