JATCORP LIMITED — Capital/Financing Update 2019

Dec 26, 2019

JAT is a specialist in Australia-China trade, focused on growth within the Australian health and wellness consumer goods export industry.

ASX RELEASE 27 December 2019

Rights Issue Results & Shortfall Notification

Jatenergy Limited (the Company) refers to its 1 for 5 non-renounceable pro-rata rights issue (‘Rights Issue’) announced on 21 November 2019. The following notice is given in accordance with Appendix 7A of the ASX Listing Rules.

Pursuant to the Rights Issue and associated Eligible Shareholder Shortfall Offer, the Company advises that it has received applications from eligible shareholders for 10,081,935 shares at $0.05 per share raising $504,096 (before expenses). The issue of 10,081,935 shares will be completed on 31 December 2019. The resulting shortfall from the Rights Issue is 157,918,065 shares.

The breakdown of applications received is detailed below:

Offer	Shares	$
Rights Issue	8,621,051	431,051
Eligible Shareholder Shortfall Offer	1,460,884	73,044
Total Applications	10,081,935	504,096
Resultingshortfall	157,918,065	7,895,903

The Directors of the Company reserve the right to place shortfall shares at their discretion. In accordance with ASX Listing Rule 7.2 (Exception 3) any shortfall shares will be issued within 3 months from the date the offer closed. The Directors of the Company may decide at their discretion to close the shortfall offer at any time.

Brett Crowley Company Secretary 03 9090 7592

Jatenergy Limited | ABN 31 122 826 242 Suite 306, 521 Toorak Road, Toorak VIC 3142 Phone 03 9090 7592 admin@jatenergy.com | jatenergy.com