For Immediate Release - 9 January 2018

Ref. #001/18

ASX Ltd

Companies Announcement Office Electronic Lodgement System

LAPSE OF EXECUTIVE INCENTIVE RIGHTS

Beach Energy Limited advises that certain executive incentive rights detailed below have lapsed pursuant to their terms of issue without exercise:

  • 1) 490,892 2015 Long Term Incentive Rights;

  • 2) 810,584 2016 Long Term Incentive Rights;

  • 3) 60,894 2016 Short Term Incentive Rights; and

4)

165,095 2017 Long Term Incentive Rights.

The issued capital following the lapse of the executive incentive rights is set out below:

2,276,155,671

Fully Paid Ordinary shares

2015 LTI Rights 2,063,694

CEO Rights 414,547

2016 LTI Rights 2,153,807

2016 STI Rights 1,061,223

2017 LTI Rights 1,863,955

Unlisted Rights Unlisted Rights Unlisted Rights Unlisted Rights Unlisted Rights

Yours faithfully,Cathy Oster Company Secretary

Page 1

Beach Energy Limited published this content on 09 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 January 2018 04:09:06 UTC.

Original documenthttp://www.beachenergy.com.au/irm/PDF/6916_0/Lapseofexecutiveincentiverights

Public permalinkhttp://www.publicnow.com/view/3E856D4231F429F65A7CD3ABE9BD1441141A12CD