Employee Stock Option/ Share Scheme::ISSUE AND ALLOTMENT OF NEW SHARES PURSUANT TO GEO ENERGY RESOURCES LIMITED SHARE OPTION SCHEME

SGX Announcement

ISSUE AND ALLOTMENT OF NEW SHARES PURSUANT TO GEO ENERGY RESOURCES LIMITED SHARE OPTION SCHEME

Unless otherwise defined, all terms not defined herein shall be as defined in the rules of the Geo Energy Resources Limited Share Option Scheme (the "Geo SOS").

The Board of Directors of Geo Energy Resources Limited ("Company") refers to the Company's announcement dated 11 January 2019 in relation to the grant of options pursuant to the Geo Energy Share Option Scheme (the "Scheme").

In relation to the Scheme, the Board is pleased to announce the issue and allotment of 100,000 new Shares (the "New Shares") on 7 September 2021, pursuant to the exercise of 100,000 options granted under the Scheme.

The New Shares issued rank pari passu in all respects with the existing shares of the Company. The New Shares are expected to be listed and on or around 9 September 2021, and trading of the New Shares is expected to commence with effect from 9.00 a.m. on the same date.

Following the allotment and issuance of New Shares, the total number of issued shares of the Company has increased from 1,400,023,113 Shares to 1,400,123,113 Shares.

BY ORDER OF THE BOARD

Charles Antonny Melati

Executive Chairman

7 September 2021

Geo Energy Resources Limited

(Incorporated in the Republic of Singapore on 24 May 2010) (Co. Reg. No: 201011034Z)

12 Marina Boulevard, #16-01, Marina Bay Financial Centre Tower 3, Singapore 018982 T +65 6702	0888 F [phone]
The Suites Tower 17 Floor, Jln Boulevard, Pantai Indah Kapuk, No. 1 Kav OFS Jakarta 14470, Indonesia T +62	21 2251 1055 F [phone]
www.geocoal.com