Application for quotation of securities - ATS

For personal use only

Entity name

AUSTRALIS OIL & GAS LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday May 25, 2022

The +securities to be quoted are:

Other

Total number of +securities to be quoted

Refer to next page for full details of the announcement

For personal use only

1.1 Name of entity

AUSTRALIS OIL & GAS LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1. The announcement is New announcement
2. Date of this announcement

25/5/2022

For personal use only

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The Board approved the issue of ordinary shares and the subscription for those shares by the Trustee of the Australis Employee Equity Incentive Plan Trust occurred conterminously.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

For personal

Number of +securities to be quoted

5,000,000

Are the +securities being issued for a cash consideration?

Yes

In what currency is the cash consideration being paid? What is the issue price per +security?

Any other information the entity wishes to provide about the +securities to be quoted

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Issue of ordinary fully paid shares to the Trustee of the Australis Employee Equity Incentive Plan Trust for the purpose of meeting the Trust's obligations in respect of the settlement of the 2021 achieved short term incentive and to satisfy the estimated number of vested Performance Rights likely to be exercised in 2022.

For personal use only

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)