PTR MINERALS LTD — Share Issue/Capital Change 2018

Feb 21, 2018

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 Thursday February 22, 2018

Reorganisation type

Security consolidation

Effective Date Friday March 2, 2018

Record Date

Monday March 5, 2018

Issue Date

Friday March 9, 2018

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

ACN 106806884

1.3 *ASX issuer code

PTR

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Thursday February 22, 2018

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1.6 *Securities affected by the reorganisation

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

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 Wednesday February or actual? received/condition approval 28, 2018 Actual met?** [Select...]

Comments

The Company is seeking its shareholders' approval at the Extraordinary General Meeting to be held on 28 February 2018.

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Monday March 5, 2018

3.2 Date of +security holder meeting

Wednesday February 28, 2018

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

Thursday March 1, 2018

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 March 2, 2018

3.5 Record date

Monday March 5, 2018

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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 March 6, 2018

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 Friday March 9, 2018

3.8 Trading starts on a normal T+2 basis

Monday March 12, 2018

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Wednesday March 14, 2018

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

2

(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
PTR Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
100,307,503 50,153,752
ASX +Security Code ASX +Security
PTRAN Description
OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Actual
7,085,000 3,500,000
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5.2 *Exercise price of options

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ASX +Security Code ASX +Security Description PTRAN OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00000000 AUD 0.00000000 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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