PTR MINERALS LTD — Share Issue/Capital Change 2023

May 4, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

PETRATHERM LTD

Date of this announcement

Friday May 05, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	OPTION EXPIRING 1-MAY-2026 EX $0.096	250,000	05/05/2023
to be confirmed
New class - code	OPTION EXPIRING 5-MAY-2026 EX $0.096	75,000	05/05/2023
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

PETRATHERM LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

53008172450

1.3 ASX issuer code

PTR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/5/2023

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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----- Start of picture text -----

ASX +security code +Security description
New class - code to be confirmed OPTION EXPIRING 1-MAY-2026 EX $0.096
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
5/5/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Subject to the terms of the Petratherm Limited Employee Share Option Plan included as Annexure A of the 2021 AGM
Notice of Meeting - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02443179-2A13343
41?access_token=83ff96335c2d45a094df02a206a39ff4
----- End of picture text -----

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.09600000 1/5/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

Each option is exercisable into one fully paid ordinary share in the company (ASX: PTR)

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Annexure A of the 2021 AGM Notice of Meeting - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0 /file/2924-02443179-2A1334341?access_token=83ff96335c2d45a094df02a206a39ff4

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details Number of +securities 250,000 ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 5-MAY-2026 EX $0.096 +Security type ISIN code Options Date the +securities the subject of this notification were issued 5/5/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Subject to the terms of the Petratherm Limited Employee Share Option Plan included as Annexure A of the 2021 AGM Notice of Meeting - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02443179-2A13343 41?access_token=83ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.09600000 5/5/2026

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Each option is exercisable into one fully paid ordinary share in the company (ASX: PTR)

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Annexure A of the 2021 AGM Notice of Meeting - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0 /file/2924-02443179-2A1334341?access_token=83ff96335c2d45a094df02a206a39ff4

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

75,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
PTR : ORDINARY FULLY PAID	224,751,139

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
PTRAO : OPTION EXPIRING 16-AUG-2024 EX $0.098	100,000
PTRAP : OPTION EXPIRING 01-OCT-2024 EX $0.084	1,000,000
PTRAC : OPTION EXPIRING 12-JAN-2026 EX $0.093	500,000
New class - code to be confirmed : OPTION EXPIRING 1-MAY-2026 EX $0.096	250,000
New class - code to be confirmed : OPTION EXPIRING 5-MAY-2026 EX $0.096	75,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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