PTR MINERALS LTD — Share Issue/Capital Change 2024

Nov 6, 2024

Announcement Summary

Entity name

PETRATHERM LTD

Date of this announcement

Thursday November 07, 2024

The +securities the subject of this notification are:

Total number of +securities to be issued/transferred +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	OPTION EXPIRING 31-10-2027 EX $0.076	650,000	07/11/2024

Refer to next page for full details of the announcement

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 1.5 Date of this announcement New announcement

7/11/2024

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+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:

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

Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code	+Security description
New class - code to be confirmed	OPTION EXPIRING 31-10-2027 EX $0.076
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
7/11/2024
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
No	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
listing rule 6.1?No	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
issued.	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being

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

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.07600000	31/10/2027

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

PTR : ORDINARY FULLY PAID

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

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

Issue details

Number of +securities

650,000

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description	Total number of+securities on issue
PTR : ORDINARY FULLY PAID	303,482,304

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
PTRAC : OPTION EXPIRING 12-JAN-2026 EX $0.093	500,000
PTRAR : OPTION EXPIRING 29-DEC-2026 EX $0.069	325,000
PTRAE : OPTION EXPIRING 05-MAY-2026 EX $0.096	75,000
New class - code to be confirmed : OPTION EXPIRING 31-10-2027 EX $0.076	650,000

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

13