RBR : Response to ASX Price and Volume Query

25 February 2019

Attn: Jessica Coupe

Adviser, Listings Compliance (Perth) ASX Limited

Level 40, Central Park 152-158 St George's Terrace PERTH WA 6000

Email:[e-mail], [e-mail]

Dear Jessica,

RBR Group Limited ("RBR"): Price Query

We refer to your letter dated 25 February 2019.

In response to your questions, we reply as follows:

• 1. To the best of its knowledge and belief, RBR Group Limited ("the Company") is not aware of any information concerning it that has not been announced which, if known by some in the market, could be an explanation for recent trading in the securities of the Company.

• 2. Not applicable.

• 3. The Company is not aware of any other explanation for the recent price change in the securities of the Company. However, the Company notes the following:

  On 22 January 2019, the Company announced completion of a $1.3M convertible notes fund raise.

  With respect to the Mozambique LNG project led by US company Anadarko Petroleum, there has been recent positive news regarding the project's Final Investment Decision (FID) that may impact on the Company's potential prospects. Specifically, two articles published in the international press on 11 February and 20 February 2019 respectively state that the Anadarko-led Area 1 project, which is budgeted to produce 12.88 million tonnes per annum of LNG, is expected to be ready for a FID by its consortium partners in March/April 2019, and has signed sale agreements totalling over 9.5 million tonnes per year. These offtake agreements exceed the minimum volumes required to complete the project financing process.

  Furthermore, the Company participated in the Resources Rising Stars (RRS) investor conferences held in Sydney and Melbourne on 12 and 14 February 2019. RBR's participation raised investor awareness of the Company's potential opportunities.

RBR GROUP LIMITED ABN 38 115 857 988

Level 2, 33 Colin Street, West Perth, WA 6005

PO Box 534, West Perth, WA 6872

T: [phone] F: [phone]

www.rbrgroup.com.au

• 4. We confirm that the Company is in compliance with the listing rules and in particular, listing rule 3.1.

• 5. We confirm that the Company's responses have been authorised an approved in accordance with our continuous disclosure policy.

Please do not hesitate to contact me if you require any additional information.

Yours sincerely

Patrick Soh Company Secretary

25 February 2019

Mr Patrick Soh Company Secretary Level 2, 33 Colin Street West Perth WA 6005

By email:[e-mail]

Dear Mr Soh

RBR Group Limited ('RBR'): Price Query

We note the change in the price of RBR's securities from a low of $0.012 to a high of $0.022 in the last few days.

We also note the significant increase in the volume of RBR's securities traded from 21 February 2019 to 25 February 2019.

Request for Information

In light of this, ASX asks RBR to respond separately to each of the following questions and requests for information:

• 1. Is RBR aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

• 2. If the answer to question 1 is "yes".

  • (a) Is RBR relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in RBR's securities would suggest to ASX that such information may have ceased to be confidential and therefore RBR may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is "yes", you need to contact us immediately to discuss the situation.

  • (b) Can an announcement be made immediately? Please note, if the answer to this question is "no", you need to contact us immediately to discuss requesting a trading halt (see below).

  • (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?

• 3. If the answer to question 1 is "no", is there any other explanation that RBR may have for the recent trading in its securities?

• 4. Please confirm that RBR is complying with the Listing Rules and, in particular, Listing Rule 3.1.

• 5. Please confirm that RBR's responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of RBR with delegated authority from the board to respond to ASX on disclosure matters.

When and where to send your response

This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 11:30 AM AWST today Monday, 25 February 2019. If we do not have your response by then, ASX will likely suspend trading in RBR's securities under Listing Rule 17.3. You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, RBR's obligation is to disclose the

ASX Limited [[Listings]]

information "immediately". This may require the information to be disclosed before the deadline set out in the previous paragraph.

ASX reserves the right to release a copy of this letter and your response on the ASX Market Announcements Platform under Listing Rule 18.7A. Accordingly, your response should be in a form suitable for release to the market. Your response should be sent to me by e-mail [e-mail]. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Listing Rules 3.1 and 3.1A

Listing Rule 3.1 requires a listed entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities. Exceptions to this requirement are set out in Listing Rule 3.1A. In responding to this letter, you should have regard to RBR's obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 - 3.1B. It should be noted that RBR's obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is "yes" and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in RBR's securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:

• • the reasons for the trading halt;

• • how long you want the trading halt to last;

• • the event you expect to happen that will end the trading halt;

• • that you are not aware of any reason why the trading halt should not be granted; and

• • any other information necessary to inform the market about the trading halt, or that we ask for.

We may require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted.

You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.

Suspension

If you are unable to respond to this letter by the time specified above ASX will likely suspend trading in RBR's securities under Listing Rule 17.3.

Enquiries

If you have any queries or concerns about any of the above, please contact me immediately.

Yours sincerely

Jessica Coupe

Adviser, Listings Compliance (Perth)

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