PILOT ENERGY LIMITED — Share Issue/Capital Change 2023

Feb 14, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

PILOT ENERGY LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday February 15, 2023

The +securities to be quoted are:

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+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 +security		Number of +securities to
code	Security description	be quoted	Issue date
PGY	ORDINARY FULLY PAID	12,953,367	15/02/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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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

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New announcement

1.5 Date of this announcement

15/2/2023

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
13-Dec-2022 15:53	New - Proposed issue of securities -	A placement or other type of issue
	PGY

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

Application for quotation of +securities

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Application for quotation of +securities

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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

15/2/2023

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.

		Total percentage of +securities held
Number of +securities held	Number of holders	For 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		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

12,953,367

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Per Appendix 3B lodged on 13 December 2022, there is nil consideration for the issue as the shares are being issued in lieu of cash fees for services rendered under a Support Agreement.

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

250,000.000000

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

The shares were issued to Zero Degrees International, Inc. (8 Rivers Capital, LLC's nominee) following the Company obtaining shareholder approval under Listing Rule 7.1 at the AGM held on 10 February 2023.

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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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)

	Total number of
ASX +security code and description	+securities on issue
PGY : ORDINARY FULLY PAID	794,297,450
4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+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
PGYAG : OPTION EXPIRING 01-FEB-2024 EX $0.10	10,000,000
PGYAQ : OPTION EXPIRING 25-AUG-2025 EX $0.033	50,000,000

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

Application for quotation of +securities

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