Beach Energy : Becoming a substantial holder

15/12 2016 THU 11:07 FAX 61 2 8284777 VINVA INVESTMENT 444 ASX Di clo ure li.l] O O l/004

Form 603

Corp1;1r1Uoli• Ac• 2001

i!lvi!on 171El:

Notice of Initial substantial holder

To Comp,1:iny Nemet Scheme Beach Energy Limited'

ACN/ ARSN

1. Detalle of subetantlef holdar (1)

Name Vlnv • lnv•• lm•nt M • n•a• m•n t - - - - - - - - - - - - - - - - - - - - - - AON/ ARSN (if applicoblo) 1 47 9J4 26 a_

The holder beeama a .!lllbatantial holder o 131'1 212016

2. Detall6 of VQtlna power

The lot1;1I rn,1mber of vr;ite.9 attached to all !he voling sh.ares In the company or voting Interests In the scheme that the substantial holder or an ae.eociate (2) had a relevant Interest (3) In on the (tale the sub:Mantlal hold6t bll!loarnl!!I a sub:t;!antlal holdet are 111s follows:

Clae.!I of .aec1,1ritiee 4 Number of securitie9, Person's votes 5

FPO 94 434 193 94 434 193

*Bnsed on lasued capita.I of 1,886,094,804 8h111ras

3. Dat&ll1or relevant Interests

The nature of the r&levant intares! U,a aubet,einti,eil holder or en ae,eociale had in the following voting e,ecuritiee on the dete the subslantlal holder became a substsintlal 1,01der al'e aa ro11owa:

Holder of relevant Interest Nature of relevant inler'8st 7 Clas!! and numb!lr of Sl!c:uritles See Schedule 1

4. Detalls of pu11:11:1nt n;iglBlerE1d holders

The perions registered as holders of lhe securllle:!i referred to in pamgraph 3 above are es fOllo'MI:

G. Con,lderatlon

The cons1der.aUon pe.ld for each r@lll!l1Jant intare:M mferted lo in paragra,:,h 3 above, and acquited in the four month prior to lhe day that the subslantial holder became a subste1,1lal holder Is a ro11ows:

aw page 212 15 July 2001

15/12 2016 THU 11: 07 FAX 61 2 82 84777 VINVA INVESTMENT 444 ASX Di clo ure li.l]O O Z/004

8. Asaac.latoa

The reasons tha persons named In peragre.ph 3 above ere assocle.tes of the substantial holder ere ee fallows:

Name l!llnd ACN/ ARSN If 111 Natul'8 of assoclstion

NIA

7. Addraa1:1&a

The addrasaas of pereone. named in thie forrn are as follows:

Name Address

Vlnvl!I. Investment Mana ernent

NSW 2000

Signature

I

rlnt name 4.,_.R,,.o, bo•,er1tc,Ce,Oe_

Sign her'El --lll"!" J;_,:_.. _

Capacity _ ,Cch::cic••:..O::, pe•:

Oato _.:_l{,,_1_1-_..,_..I;._I..

Dlfl.E.C'l'IONS

Cl) Ir ltlqre are a numblJI" Qf subsllilntlel holders with sl1T1ller1;1r reletlilQ r11l11Vnt lnh11r41,,11. (of Em eqlty lll,111), ttllil mmes i.QlllQ' b1:1 illi;:lud in en a11111:1X1,1 fQ lhlil rm, II tht l1ill•v4!1fll ll'll!ll'tl:!l,i. 01 fl gmup or peracmi are ee11ont1a11y almllflr, llley lllflY be rererroo to

hro1,1ghou1 Ille foITTI as 11 -11p11clncally n9rnid croup if lhlil mlilmb,r,hlp of 1111111;,h gl'Ouf), wtth thei nrimee. and eddre11ee11 of membere le clearly eel oul In paragraph 7 Of lh111 ,ofl11.

[2) See he definition ol "asaoclale'' In section g or the CorporaUon11 Act 2001,

(3) Sae the deDnltlon of "rele11ant Interest" In 11ecUo.,s eoe end 6718{7) or the corpora11011e A

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The total number or votes ettactled to ell the voung shares In Ille compen1 or 11otlnljl lntere;l-11 In llie -11ctiemlil (If 11111')y) !!'lot lhl!I on ot an r11eolrerll!I haB a 1'8l&vant

(7) Include dBIBIIS o/:

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any t1;110...•n1 gr111orMirn 1;1r 1;1lhor ci1n:.1,1msianoaa by which the televant Interest we11 acquired. tr 11ubeecll011 ti11B(4) epplle-11-, a copy ol any doeunw111 $1lilltng 01,1 1h111 t.lTT1' of lflr'IY re11t1ant agreemeint, and a etetemenl by the person glVlng ru11 alKI accurele ae1a1111 ol any conlreel, Clleme Ot l'trrllnge;mi,n m1,1it i;;eornpl'IY ttilill ratm, 1ageithet with e written etatemBlll rtltylng Ihle conlrnct. eeheme or errangim10nt .1:mci

any quallfle.allon or lhB pt of a pefllon lo exerci11e, comrol lhe eltBrciee or. or !nlluence u,a ai«1rch1e ol,Iha votlrig pr, or dl,poiol o, lh111

Becu1!IIBB to which the 1ele¥an1 lr'JlBr'E!Bl relates (lndlcallr'lg clearly the particular eecurllles lo which Iha quellnc!lUon epPle1).

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I! lhl!I $ub.1r1on1h!II hc;ildtt 1.11 unMllt of the P8faon ( eig. 1r tl'le relevant lnlerest er1ae11 because or an

(0)DEltallo or lhO ixin.!rldtr,ucin rnutl lnt;.l1,1dt •n til'!d 011 tiw m1:1y, blaiwma Br'liiUl!ld lo ethm In rtl11Uan tc;i 1h1111 1;.q,,i1,1t1on. Ollitollrt. m1..1BI be Included e¥en tf the ber'Jent 111 conc1111orn1r on the happening or riot 01 a conllngency. Oealre rn.rnl bi ineludtd Of r111'1y t:ii:i tll P,111ld ¢ri bi,h1111f QI Oit 1111,1 l11111Ual ha.ldBt ot ll!eB&ot.late In relation lo the acqu1a111one. even 11 lhey are not perld dlreclly to the person rrom wh¢"" '"•n!rll)v l'll lnG,.$1w•t; lllt;qull"llld,

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Schedule 1 • Vinva Investment Manai,ement becoming a substantial holder in Beach Energy imited

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15/12 2016 THU 11:07 FAX 61 2 82 84777 VINVA INVESTMENT 444 ASX Di clo ure li.l]004/004