PTR MINERALS LTD — Share Issue/Capital Change 2016

Oct 9, 2016

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

PETRATHERM LTD

Applicable security for the reorganisation

PTR ORDINARY FULLY PAID PTRAN OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Announcement Type

New Announcement

Date of this announcement Monday October 10, 2016

Reorganisation type

Security consolidation

Effective Date Friday November 11, 2016

Record Date

Monday November 14, 2016

Issue Date

Monday November 21, 2016

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

*1.1 Name of +Entity PETRATHERM LTD

Registration Number

*1.2 Registered Number Type

ABN 17106806884

*1.3 ASX issuer code

PTR

*1.4 The announcement is

New announcement

*1.5 Date of this announcement

Monday October 10, 2016

Notification of Consolidation/Split

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Notification of Consolidation/Split

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*1.6 Securities affected by the reorganisation

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----- Start of picture text ----- PTR ORDINARY FULLY PAIDPTRAN OPTION EXPIRING VARIOUS DATES EXVARIOUS PRICES----- End of picture text -----

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

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----- Start of picture text ----- Approval/Condition Date for determination Is the date estimated Approval+Security holder Wednesday or actual? received/conditionapproval November 9, 2016 Actual met?[Select...]Comments----- End of picture text -----**

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Monday November 14, 2016

3.2 Date of +security holder meeting

Wednesday November 9, 2016

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

Thursday November 10, 2016

*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.

Friday November 11, 2016

3.5 Record date

Monday November 14, 2016

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

Tuesday November 15, 2016

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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

Monday November 21, 2016

3.8 Trading starts on a normal T+2 basis

Tuesday November 22, 2016

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Thursday November 24, 2016

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

10

(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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----- Start of picture text ----- *ASX +Security Code *ASX +SecurityPTR DescriptionORDINARY FULLYPAIDQuoted/unquoted Number on issue Number on issue after Estimate/ActualQuoted before reorganisation reorganisation Estimated907,570,139 90,757,014*ASX +Security Code *ASX +SecurityPTRAN DescriptionOPTION EXPIRINGVARIOUS DATES EXVARIOUS PRICESQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Actual850,000 85,000----- End of picture text -----

*5.2 Exercise price of options

Notification of Consolidation/Split

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*ASX +Security CodePTRAN*ASX +Security DescriptionOPTION EXPIRINGVARIOUS DATES EXVARIOUS PRICESQuoted/unquotedUnquotedExercise price beforereorganisationAUD 0.00000000Exercise price afterreorganisationAUD 0.00000000Part 6 - Further information	*ASX +Security CodePTRAN	*ASX +Security DescriptionOPTION EXPIRINGVARIOUS DATES EXVARIOUS PRICES	*ASX +Security DescriptionOPTION EXPIRINGVARIOUS DATES EXVARIOUS PRICES
	Quoted/unquotedUnquoted	Exercise price beforereorganisationAUD 0.00000000	Exercise price afterreorganisationAUD 0.00000000

6.1 Further information relating to the reorganisation

The shares in Petratherm Limited will be consolidated subject to receiving shareholder approval

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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