Buru Energy Limited (Buru) (ASX: BRU) is pleased to offer Eligible Shareholders the opportunity to participate in the Buru Energy Share Purchase Plan offer (Offer or SPP), which opens today.

Eligible Shareholders may apply for up to $30,000 in value of new fully paid ordinary shares in Buru at an issue price of 11.5 cents (SPP Shares) without incurring any brokerage. The Offer follows Buru's successful share placement to sophisticated, institutional and professional investors to raise approximately $5 million at 11.5 cents per share, as announced on 14 November 2023 (Placement).

The SPP aims to raise up to $2 million and if demand from shareholders exceeds this amount, the Company reserves the right (in its absolute discretion) to either scale back applications or to accept oversubscriptions to ensure all eligible shareholders have a reasonable opportunity to participate in the Offer

Details of the Offer

Participation in the Offer is optional and there is no requirement for Eligible Shareholders to participate. To be an Eligible Shareholder you must have been a registered holder of fully paid ordinary shares in Buru (Shares) at 7:00pm (Sydney time) on Monday, 13 November 2023, with a registered address in Australia or New Zealand (Eligible Shareholders). Eligible Shareholders will be able to apply for SPP Shares at the same issue price applicable to the Placement (11.5 cents per SPP Share) up to a maximum of $30,000 in value or a total of 260,870 SPP Shares. Applications must be in increments as set out in the Offer Documentation that should be referred to for details of the Offer. Eligible Shareholders who have elected to receive relevant notices from Buru electronically will receive an email containing instructions on how to access the SPP Offer Documentation and their personalised Application Form. All other Eligible Shareholders will be sent those instructions by mail. The Offer is expected to close at 5:00pm (Sydney time) on Friday, 8 December 2023 or at such earlier time as the Board may elect

Contact:

Tel: 1800 337 330

Email: info@buruenergy.com

The information in this announcement does not constitute investment or financial product advice or any recommendation to acquire Shares or SPP Shares. It does not take into account any individual's investment objectives, financial situation or particular needs. Before making an investment decision, prospective investors should consider the appropriateness of the information from their individual perspective and, if in doubt, seek professional financial, legal or taxation advice. This announcement is not an offer or an invitation to acquire Shares, SPP Shares or any other financial products and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law. It is for information purposes only. This statement does not constitute an offer of any securities for sale

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