Beach Energy : Update - Dividend/Distribution - BPT

Notification of dividend / distribution

Update Summary

Entity name

BEACH ENERGY LIMITED

Security on which the Distribution will be paid

BPT - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Wednesday March 15, 2017

Reason for the Update

Inclusion of DRP price.

Additional Information

Nil

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Inclusion of DRP price.

BPT

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Saturday December 31, 2016

2A.4 +Record Date

Friday March 3, 2017

2A.5 Ex Date

Thursday March 2, 2017

2A.6 Payment Date

Friday March 31, 2017

2A.7 Are any of the below approvals required for the dividend/distribution 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 before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.01000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.01000000

3A.2 Is the ordinary dividend/distribution franked?

Yes

3A.3 Percentage of ordinary dividend/distribution that is franked 100.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.01000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

Part 4A - +Dividend reinvestment plan (DRP)

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

3A.2a Is the ordinary dividend/distribution fully franked?

Yes

3A.3a Applicable corporate tax rate for franking credit (%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of

election notices to share registry under DRP

Monday March 6, 2017 17:00:00

4A.3 DRP discount rate

2.5000 %

4A.4 Period of calculation of reinvestment price

Start Date

Wednesday March 8, 2017

4A.5 DRP price calculation methodology

End Date

Tuesday March 14, 2017

5 day trading period will commence on 8 March 2017 and end after 14 March 2017.

4A.6 DRP Price (including any discount):

AUD 0.69200

4A.8 Will DRP +securities be a new issue?

Yes

4A.7 DRP +securities +issue date

Friday March 31, 2017

4A.8a Do DRP +securities rank pari passu from

+issue date?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

No

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

Yes

4A.11a Conditions for DRP participation

See DRP plan rules in question 4A.12.

4A.12 Link to a copy of the DRP plan rules

http://tinyurl.com/zcdkl5z

4A.13 Further information about the DRP

See DRP plan rules in question 4A.12.

Part 5 - Further information

Nil