JATCORP LIMITED — Share Issue/Capital Change 2019

Oct 20, 2019

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

JATENERGY LIMITED

Applicable security for the reorganisation

JAT ORDINARY FULLY PAID JATAA OPTION EXPIRING 30-NOV-2019 EX 6C Announcement Type New Announcement Date of this announcement Monday October 21, 2019

Reorganisation type

Security consolidation Effective Date Monday November 25, 2019

Record Date Tuesday November 26, 2019

Issue Date Tuesday December 3, 2019

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

JATENERGY LIMITED

Registration Number

1.2 *Registered Number Type

ABN 31122826242

1.3 *ASX issuer code

JAT

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Monday October 21, 2019

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID OPTION EXPIRING 30-NOV-2019 EX 6C

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JAT JATAA

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval

• Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Thursday November or actual? received/condition approval 21, 2019 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Tuesday November 26, 2019

3.2 Date of +security holder meeting

Thursday November 21, 2019

3.3 Last day for trading in the pre-re-organised +securities

Friday November 22, 2019

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Monday November 25, 2019

3.5 Record date

Tuesday November 26, 2019

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Wednesday November 27, 2019

Notification of Consolidation/Split

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Notification of Consolidation/Split

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3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Tuesday December 3, 2019

3.8 Trading starts on a normal T+2 basis

Wednesday December 4, 2019

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Friday December 6, 2019

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

5

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
JAT Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
842,881,776 168,576,355
ASX +Security Code ASX +Security
JATAA Description
OPTION EXPIRING
30-NOV-2019 EX 6C
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
67,145,001 13,429,000
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
JATAA OPTION EXPIRING
30-NOV-2019 EX 6C
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Notification of Consolidation/Split

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Notification of Consolidation/Split

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Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.06000000 AUD 0.30000000

Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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