STATE GAS LIMITED — Share Issue/Capital Change 2023

Dec 21, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

STATE GAS LIMITED

Announcement Type

New announcement

Date of this announcement

Friday December 22, 2023

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
GAS	ORDINARY FULLY PAID	160,475	22/12/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

STATE GAS LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 617322488

1.3 ASX issuer code

GAS

1.4 The announcement is

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New announcement

1.5 Date of this announcement

22/12/2023

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Issue of shares under CEO employment contract following completion of 12 months of employment.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12 months in a manner that would breach section 707(3) or 1012C(6)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class

ASX +security code and description GAS : ORDINARY FULLY PAID Issue date 22/12/2023 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted 160,475

Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities

Issued under employment agreement.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.311600

Any other information the entity wishes to provide about the +securities to be quoted

Shares to the aggregate value of $50,000 after 12 months of employment (30 November 2023). The number of shares to be issued will be calculated based on an issue price per share calculated using the 14-day VWAPin the 14-day period prior to CEO¿s execution of his employment agreement.

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Issued under employment agreement.

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
GAS : ORDINARY FULLY PAID	274,226,789

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
GASAG : PERFORMANCE RIGHTS	5,150,000
GASAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	14,400,000

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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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