ASX Listing Rules Appendix 3B - New Issue Announcement Application for Quotation of Additional Securities and Agreement Appendix 3B‌‌‌‌

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities‌‌ and agreement‌

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Eden Energy Ltd

ABN

58 109 200 900

We (the entity) give ASX the following information.

Part 1 - All issues‌‌

You must complete the relevant sections (attach sheets if there is not enough space).

1

+Class of +securities issued or to be issued

EDE Shares ("Shares")

Options (Warrants) exercisable at $0.31 and expiring 19 May 2019 ("New 31c Options")

Options (Warrants) exercisable at $0.2875 and expiring 19 May 2019 ("New 28.75c Options")

Options (Warrants) exercisable at $0.3875 and expiring 19 May 2019 ("New 38.75c Options")

2

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

45,000,000 Shares 22,500,000 New 31c Options

2,250,000 New 28.75c Options

1,125,000 New 38.75c Options

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)

Shares - Fully paid ordinary shares

New 31c Options - Options (Warrants) exercisable at $0.31 and expiring 19 May 2019 New 28.75c Options - Options (Warrants) exercisable at $0.2875 and expiring 19 May 2019

New 38.75c Options - Options (Warrants) exercisable at $0.3875 and expiring 19 May 2019

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

Shares - Yes (ASX Code: EDE)

New 31c Options, New 28.75c Options and New 38.75 Options - No

5

Issue price or consideration

Shares - $0.23 per share with one free attaching New 31c Option for every 2 new Shares.

New 28.75c Options and New 38.75 Options

- in part payment of the placement fee

6

Purpose of the issue

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

The funds will be used for:

  1. The balance of Colorado plant scale-up

  2. Ongoing working capital

  3. Preliminary expenses for site work/design

/engineering for Georgia plant

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

No

6b

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

N/A

6c

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

N/A

6d

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

N/A

6e

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

N/A

6f

Number of +securities issued under an exception in rule 7.2

N/A

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.

N/A

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

N/A

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

N/A

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.

20 May 2016

Number

+Class

8

Number and +class of all

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

1,157,595,406

227,580,500

Shares

EDEO Options expiring 30/9/2018

Number

+Class

6,550,000

22,500,000

2,250,000

1,125,000

ESOP Options New 31c Options

New 28.75c Options

New 38.75c Options

  1. Number and +class of all

    +securities not quoted on ASX (including the +securities in section 2 if applicable)

    No dividends anticipated to be declared for the foreseeable future

  2. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Part 2 - Pro rata issue

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

Eden Energy Limited published this content on 23 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 May 2016 04:30:05 UTC.

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