NEW ISSUE ANNOUNCEMENTS Appendix 3D Changes relating to buy-back



Appendix 3D Changes relating to buy-back (except minimum holding buy-back)

Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10

Rule 3.8A


Name of entity

ABN/ARSN

Icon Energy Limited

61 058 454 569


We (the entity) give ASX the following information.


1

Date that an Appendix 3C or the last Appendix 3D was given to ASX

26 February 2015


Information about the change


Complete each item for which there has been a change and items 9 and 10.


Column 1

(Details announced to market in Appendix 3C or last Appendix 3D)

Column 2

(Details of change to buy-back proposals)

On-market buy-back

2

Name of broker who will act on the company's behalf

3

Deleted 30/9/2001.

4

If the company/trust intends to buy back a maximum number of shares/units - that number

Note: This requires a figure to be included, not a percentage. The reference to a maximum number is to the total number including shares/units already bought back and shares/units remaining to be bought back. If the total has not changed, the item does not need to be completed.

61,871,750


+ See chapter 19 for defined terms.


11/01/2010 Appendix 3D Page 1

Appendix 3D Changes relating to buy-back


Column 1

(Details announced to market in Appendix 3C or last Appendix 3D)

Column 2

(Details of change to buy-back proposals)

5

If the company/trust intends to buy back a maximum number of shares/units - the number remaining to be bought back

44,597,767 shares remained to be bought back prior to the release of the Appendix 3D

44,597,767 shares now remain to be bought back

6

If the company/trust intends to buy-back shares/units within a period of time - that period of time; if the company/trust intends that the buy-back be of unlimited duration - that intention

Buy-back to continue until 12

March 2016 (inclusive) or earlier if the maximum number of shares are bought back before that date

Buy-back to continue until 12

March 2017 or earlier if the maximum number of shares are bought back before that date

7

If the company/trust intends to buy back shares/units if conditions are met - those conditions

The Company will only buy-back shares at such times and in such circumstances as are considered beneficial to the efficient capital management of the Company


All buy-backs


8

Any other change


+ See chapter 19 for defined terms.


Appendix 3D Page 2 11/01/2010

Appendix 3D Changes relating to buy-back


9

Reason for change

The Company seeks to extend the period of the on-market buy-back program.

10

Any other information material to a shareholder's/unitholder's decision whether to accept the offer (eg, details of any proposed takeover bid)


Compliance statement


1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.


or, for trusts only:


  1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust's constitution, relevant to this buy-back.


  2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.


Sign here: ............................................................ Date: 26 February 2016

(Executive Director/CFO/Company Secretary)


Print name: Dr Kevin Jih


== ==


+ See chapter 19 for defined terms.


11/01/2010 Appendix 3D Page 3

Icon Energy Limited issued this content on 26 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 February 2016 23:09:06 UTC

Original Document: http://www.iconenergy.com/IRM/PDF/1951/ChangesrelatingtobuybackAppendix3D