88 Energy : Lapsed Performance Rights & Appendix 3Y

• November 2020

Lapse of Performance Rights

88 Energy Limited (the "Company") advises that 10,629,822 performance rights previously granted to employees and the Managing Director have lapsed due to not meeting vesting conditions. The total number of performance rights that remain on issue is 39,585,091.

An Appendix 3Y Change of Director's Interest Notice in relation David Wall follows this announcement.

This announcement has been authorised by the Board of 88 Energy.

Yours faithfully

Dave Wall

Managing Director

88 Energy Ltd

www.88energy.com	ABN 80 072 964 179

Level 2, 5 Ord Street, West Perth WA 6005

PO Box 1674, West Perth WA 6872 Australia

Phone [phone]

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Rule 3.19A.2

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity 88 ENERGY LIMITED

ABN	80 072 964 179

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	David James Wall
Date of last notice	30 June 2020

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	David James Wall
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant	D J Wall
interest.
Date of change	30 October 2020
No. of securities held prior to change	Indirect (David James Wall <>
	Reserve A/C>)
	106,418,967 Fully paid ordinary shares
	17,520,000 Performance Rights (subject to
	vesting conditions)
	Indirect (D J Wall
	Fund A/C>)
	5,285,715 Fully Paid Ordinary Shares
Class	Performance Rights (lapsed)
Number acquired	Nil

		Appendix 3Y
		Change of Director's Interest Notice
	Number disposed	4,380,000 Performance Rights Lapsed
	Value/Consideration	N/A
	Note: If consideration is non-cash, provide details and estimated
	valuation
	No. of securities held after change	Indirect (David James Wall <>
		Reserve A/C>)
		106,418,967 Fully paid ordinary shares
		13,140,000 Performance Rights (subject to
		vesting conditions)
		Indirect (D J Wall
		Fund A/C>)
		5,285,715 Fully Paid Ordinary Shares
	Nature of change	Lapse of Performance Rights
	Example: on-market trade, off-market trade, exercise of options,
	issue of securities under dividend reinvestment plan, participation in
	buy-back

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Value/ConsiderationN/A

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011