TRIANGLE ENERGY (GLOBAL) LIMITED — Share Issue/Capital Change 2016

Dec 1, 2016

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

TRIANGLE ENERGY (GLOBAL) LIMITED

Applicable security for the reorganisation

TEG ORDINARY FULLY PAID TEGAB OPTION EXPIRING 30-JUN-2017 EX 0.15C

Announcement Type

New Announcement

Date of this announcement

Friday December 2, 2016

Reorganisation type

Security consolidation

Effective Date

Wednesday December 7, 2016

Record Date

Thursday December 8, 2016

Issue Date

Thursday December 15, 2016

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

TRIANGLE ENERGY (GLOBAL) LIMITED

Registration Number

1.2 *Registered Number Type

ABN 52110411428

1.3 *ASX issuer code

TEG

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Friday December 2, 2016

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID OPTION EXPIRING 30-JUN-2017 EX 0.15C

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TEG TEGAB

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 Thursday December or actual? received/condition approval 1, 2016 Estimated met? Yes Comments**

Security holder approval granted on 30 November 2016 at the 2016 Annual General Meeting.

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Thursday December 8, 2016

3.2 Date of +security holder meeting

Thursday December 1, 2016

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

Tuesday December 6, 2016

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.

Wednesday December 7, 2016

3.5 Record date

Thursday December 8, 2016

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

Friday December 9, 2016

Notification of Consolidation/Split

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Notification of Consolidation/Split

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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

Thursday December 15, 2016

3.8 Trading starts on a normal T+2 basis

Friday December 16, 2016

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Tuesday December 20, 2016

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

25

(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
TEG Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
3,495,592,325 139,823,693
ASX +Security Code ASX +Security
TEGAB Description
OPTION EXPIRING
30-JUN-2017 EX
0.15C
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Actual
150,000,000 6,000,000
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5.2 *Exercise price of options

Notification of Consolidation/Split

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Notification of Consolidation/Split

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ASX +Security Code ASX +Security Description TEGAB OPTION EXPIRING 30-JUN-2017 EX 0.15C Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00150000 AUD 0.03750000

Part 6 - Further information

6.1 Further information relating to the reorganisation

The timetable as stated in resolution 2 of Triangle Energy (Global) Ltd's Notice of Annual General Meeting and Explanatory Statement dated 13 October 2015 is incorrectly stated. The revised timetable will be advised as soon as practicable.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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