SENSEN NETWORKS LIMITED — Share Issue/Capital Change 2017

Aug 23, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name ORPHEUS ENERGY LIMITED Applicable security for the reorganisation OEG ORDINARY FULLY PAID Announcement Type New Announcement Date of this announcement Thursday August 24, 2017 Reorganisation type Security consolidation Effective Date Thursday August 31, 2017 Record Date Friday September 1, 2017 Issue Date Friday September 8, 2017 Additional Information Nil Refer to below for full details of the announcement Announcement Details Part 1 - Entity and announcement details 1.1 *Name of +Entity ORPHEUS ENERGY LIMITED Registration Number 1.2 *Registered Number Type ACN 121257412 1.3 *ASX issuer code OEG 1.4 *The announcement is New announcement

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1.5 *Date of this announcement

Thursday August 24, 2017

1.6 *Securities affected by the reorganisation

OEG

ORDINARY FULLY PAID

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 Tuesday August 29, or actual? received/condition approval 2017 Actual met? [Select...] Comments**

To be advised once approval is obtained

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Friday September 1, 2017

3.2 Date of +security holder meeting

Tuesday August 29, 2017

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

Wednesday August 30, 2017

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.

Thursday August 31, 2017

3.5 Record date

Friday September 1, 2017

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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 Monday September 4, 2017

• 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 September 8, 2017

3.8 Trading starts on a normal T+2 basis

Monday September 11, 2017

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Wednesday September 13, 2017

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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ASX +Security Code ASX +Security
OEG Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Actual
183,476,469 18,347,952
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Part 6 - Further information

6.1 Further information relating to the reorganisation

Nil

6.2 Additional information for inclusion in the Announcement Summary

Nil

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