STATE GAS LIMITED — Share Issue/Capital Change 2020

Sep 8, 2020

==> picture [298 x 56] intentionally omitted <==

State Gas Limited ACN 617 322 488

PO Box 10348 BRISBANE QLD 4000

ASX RELEASE ( ASX: GAS )

9 September 2020

LAPSE OF UNLISTED OPTIONS

State Gas Limited (ASX: GAS) wishes to advise of the lapse of 1,500,000 unlisted options.

Below is an updated capital structure of the Company.

Quoted securities (total number of each class of securities quoted on ASX):

Quoted securities(total number of each class of securities quoted on	ASX):
ASX security code and description	Total number of +securitieson issue
GAS Ordinary shares	146,357,014

Unquoted securities (total number of each class of securities issued but not quoted on ASX):

Unquoted securities (total number of each class of securities issued b	ut notquoted on ASX):
ASX security code and description	Total number of +securitieson issue
Unlisted options exercisable at $0.40 expiring on cessation ofemployment.Unlisted options exercisable at $0.60 expiring on cessation ofemployment.Unlisted options exercisable at $0.80 expiring on cessation ofemployment.Performance rights expiring on termination of agreement withadvisor.Performance rights expiring on 03/06/2022.Performance rights expiring on 01/11/2022.	1,000,0001,000,0001,000,0002,500,0005,000,0003,100,000

This announcement has been authorised for release by Mr Richard Cottee, Executive Chairman.

Signed for and on behalf of State Gas Limited:

Suzanne Yeates

Company Secretary State Gas Limited