PILOT ENERGY LIMITED — Share Issue/Capital Change 2023

Jul 6, 2023

Announcement Summary

Entity name

PILOT ENERGY LIMITED

Announcement Type

New announcement

Date of this announcement

Friday July 07, 2023

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
PGY	ORDINARY FULLY PAID	31,285,773	07/07/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

PILOT ENERGY LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 86115229984

1.3 ASX issuer code PGY

1.4 The announcement is

New announcement

1.5 Date of this announcement

7/7/2023

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
06-Jul-2023 08:53	New - Proposed issue of securities -PGY	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

PGY : ORDINARY FULLY PAID

Issue date

7/7/2023

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Number of +securities held	Number of holders	Total percentage of +securities heldFor example, to enter a value of 50%please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Issue details

Number of +securities to be quoted

31,285,773

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil consideration

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000

Any other information the entity wishes to provide about the +securities to be quoted

No cash consideration was paid by the allottees for the shares. The shares were issued to consultants of the Company as part payment for services rendered under the respective terms of their engagements with the Company. The estimated value of the consideration for the securities issued to each consultant is set out in the Appendix 3B lodged on 6 July 2023 and reflects the amount invoiced for services rendered by the respective consultant.

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
PGY : ORDINARY FULLY PAID	1,007,213,404

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
PGYAP : OPTION EXPIRING 28-FEB-2025 EX $0.10	17,500,000
PGYAD : OPTION EXPIRING 04-NOV-2025 EX $0.07	10,000,000
PGYAF : OPTION EXPIRING 02-NOV-2024 EX $0.08	13,333,334
PGYAR : OPTION EXPIRING 07-NOV-2024 EX $0.033	14,705,882
PGYAI : CONVERTIBLE NOTES	6
PGYAG : OPTION EXPIRING 01-FEB-2024 EX $0.10	10,000,000
PGYAQ : OPTION EXPIRING 25-AUG-2025 EX $0.033	124,658,334
PGYAH : OPTION EXPIRING 30-APR-2026 EX $0.02	110,000,000