Icon Energy : Cancellation of shares from On-market Buy-back

2 June 2015
Company Announcements Office
Australian Securities Exchange Limited
20 Bridge Street
Sydney NSW 2000

Re: Cancellation of Icon Energy Limited Shares Pursuant to On-market Buy-back

In accordance with ASX Listing Rule 3.8A, enclosed is a copy of the Australian
Securities and Investments Commission form 484 in respect of the cancellation of
1,404,010 fully paid ordinary shares in Icon Energy Limited as part of the
Company's on-market buy-back.
Yours sincerely

Ray James Managing Director Icon Energy Limited
Telephone: [phone]
Facsimile: ([phone]
Email: [e-mail] visit www.iconenergy.com

Icon Energy Limited

ABN 61 058 454 569

P 07 5554 7111

F 07 5554 7100

PO Box 2004

Broadbeach

QLD 4218

Australia [e-mail] www.iconenergy.com

Australian Securities & Investments Commission Change to company details

Electronic Lodgement

Document No. 7E6914244

Lodgement date/time: 29-04-2015 16:05:40

Reference Id: 91598852

Form 484

Corporations Act 2001

Company details Company name

ICON ENERGY LIMITED

Australian Company Number (ACN)

058 454 569

Lodgement details Who should ASIC contact if there is a query about this form?

Name

Kevin JIH

Signature

This form must be signed by a current officeholder of the company.

I certify that the information in this form is true and complete

Name Kevin JIH Capacity Director Signature

Date signed

01-06-2015

ASIC Form 484 Ref 9159885229/04/2015 Page 1 of 2

Form 484 - Change to company details

ICON ENERGY LIMITEDACN058 454 569

C1 Cancellation of shares

Reason for cancellation Shares cancellation details

Reason for cancellation

ss.257H(3) Share buyback - Other buy-back type. A form 280 or 281 must be lodged at least 14 days, and no more than 1 year before the share buy-back can take place

The cancelled shares are listed below:

Share class code	Number of shares cancelled	Amount paid (cash or otherwise)
ORD	1,404,010	75,930.20

Earliest Date of cancellation

01-06-2015

C3 Change to share structure

The updated details for this changed share class are shown in the table below.

Share class code	Full title if not standard	Total number of shares	Total amount paid on these shares	Total amount unpaid on these shares
ORD	ORDINARY SHARES	609,988,574	$102,499,226.25	0.00

Earliest date of change

01-06-2015

ASIC Form 484 Ref 9159885229/04/2015 Page 2 of 2