TALIUS GROUP LIMITED — Share Issue/Capital Change 2016

May 26, 2016

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27 May 2016

The Manager Companies Announcements Office Australian Securities Exchange

NOTICE UNDER SECTION 708A(5)(e)

This notice is given by Antilles Oil & Gas NL (ACN 111 823 762) ( Antilles or the Company ) (ASX:AVD) pursuant to Section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

On 27 May 2016 the Company issued 1,119,842 ordinary fully paid Shares at deemed issue prices of between $0.023 and $0.047 each (based on 30 day volume weighted average prices at each month end from April 2015 to February 2016), totalling $37,500 as payment of directors fees in lieu of cash to two former directors.

The Company hereby gives notice that:

1. The issued Shares are part of the class of shares quoted on ASX (AVD)

2. The Company issued the Securities without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on section 708 and that notification is being given under Section 708A(5)(e) of the Act

3. As at the date of this notice:

4. a) The Company has complied with the provision of Chapter 2M of the Act as they apply to the Company;

5. b) The Company has complied with section 674 of the Act; and

6. As at the date of this notice, there is no information:

7. a) That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

8. b) That the investors and their professional adviser would reasonably require, and would reasonably expect to find in a disclosure document, for the purpose of making an informed assessment of: (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

   • (ii) the right and liabilities attaching to the Securities.

Yours faithfully,

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Ranko Matic Non-Executive Director Company Secretary

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Level 3, 216 St Georges Terrace Perth WA 6000 PO Box 7775 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 9226 4500 fax: +61 8 9226 4300 antillesoilandgas.com.au