TALIUS GROUP LIMITED — Share Issue/Capital Change 2018

Jul 30, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

ANTILLES OIL AND GAS NL

Applicable security for the reorganisation AVD ORDINARY FULLY PAID AVDAC OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Announcement Type Update to previous announcement Date of this announcement Tuesday July 31, 2018 Reason for the Update Update to the consolidation ratio Refer to below for full details of the announcement Announcement Details Part 1 - Entity and announcement details

1.1 *Name of +Entity ANTILLES OIL AND GAS NL Registration Number 1.2 *Registered Number Type ACN 111823762 1.3 *ASX issuer code AVD 1.4 *The announcement is Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to the consolidation ratio

1.4b * Date of previous announcement(s) to this update Friday July 27, 2018 1.5 *Date of this announcement Tuesday July 31, 2018

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1.6 *Securities affected by the reorganisation

AVD ORDINARY FULLY PAID AVDAC OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

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

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Thursday August 23, or actual? received/condition
approval 2018 Actual met?
[Select...]
Comments
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Part 3 - Reorganisation timetable and details

3.1 *+Record date

Tuesday August 28, 2018

3.2 Date of +security holder meeting

Thursday August 23, 2018

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

Friday August 24, 2018

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.

Monday August 27, 2018

3.5 Record date

Tuesday August 28, 2018

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 Wednesday August 29, 2018

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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

Tuesday September 4, 2018

3.8 Trading starts on a normal T+2 basis

Wednesday September 5, 2018

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Friday September 7, 2018

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

1,629

(pre-consolidation) +securities will be consolidated into

1,350

(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
AVD Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
162,898,654 135,000,000
ASX +Security Code ASX +Security
AVDAC Description
OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
3,000,000 2,486,209
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5.2 *Exercise price of options

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	*ASX +Security Code AVDAC	*ASX +Security Description OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	*ASX +Security Description OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
	Quoted/unquoted Unquoted	Exercise price before reorganisation AUD 0.00000000	Exercise price after reorganisation AUD 0.24600000
Part 6 - Further information

6.1 Further information relating to the reorganisation

Consolidation ratio is every 1 security will be consolidated into approximately 0.82873613 securities.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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