ADX Energy : Appendix 3B Cancel Options

Name of entity

ADX Energy Ltd

ABN

50 009 058 646

1

+Class of +securities issued or to be issued

Cancel - Unlisted Options

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

5,000,000

3

Principal terms of the

+securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

+convertible securities, the conversion price and dates for conversion)

Exercise Price 3 cents, Expiry Date 31/12/18

4

Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

If the additional +securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

N/A

5

Issue price or consideration

N/A - Cancellation of options for nil consideration

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

N/A

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

Yes

6b

The date the security holder resolution under rule 7.1A was passed

31 May 2017

6c

Number of +securities issued without security holder approval under rule 7.1

-

6d

Number of +securities issued with security holder approval under rule 7.1A

-

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

-

6f

Number of +securities issued under an exception in rule 7.2

-

6g

If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.

-

6h

If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

-

6i

Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

7.1 153,267,167

7.1A 109,232,797

Total 262,499,964 shares

7

+Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

N/A - Cancellation date 15/11/2017

Number

+Class

8

Number and +class of all

+securities quoted on ASX (including the +securities in section 2 if applicable)

1,097,910,008

Ordinary Fully Paid Shares

Number

+Class

57,312,121

43,000,000

5,000,000

Unlisted options - exercise price 2 cents, expiry 30/11/2017 Unlisted options - exercise price 1.9 cents, expiry 1/12/2018

Unlisted options - exercise price 3 cents, expiry 31/12/2018

11

Is security holder approval required?

12

Is the issue renounceable or non- renounceable?

13

Ratio in which the +securities will be offered

14

+Class of +securities to which the offer relates

15

+Record date to determine entitlements

16

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

17

Policy for deciding entitlements in relation to fractions

18

Names of countries in which the entity has security holders who will not be sent new offer documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

19

Closing date for receipt of acceptances or renunciations