Icon Energy : Daily share buy-back notice - Revised Appendix 3E

NEW ISSUE ANNOUNCEMENTS ASX / MEDIA RELEASE

28 June 2016

ASX Company Announcements Office

Revised 3E Notice

Please find following the revised 3E Notice for the Company shares purchased under the Buy-back on 27 June 2016.

Dr Kevin Jih

Executive Director / CFO / Company Secretary

For more information contact Icon Energy; Corporate

Mr Raymond James Managing Director

Phone [phone]

1. mail [e-mail]

   Icon Energy Limited ABN 61 058 454 569 PO Box 2004, Broadbeach QLD 4218 Australia

   P 07 5554 7111 F 07 5554 7100

   www.iconenergy.com

   Page 1 of 1

   Appendix 3E Daily share buy-back notice

   Appendix 3E Daily share buy-back notice (except minimum holding buy-back and selective buy-back)

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

   Introduced 1/9/99. Origin: rule 3.6, Appendix 7C. Amended 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.

   Information about buy-back

   1	Type of buy-back	On-market buy-back
   2	Date Appendix 3C was given to ASX	26 February 2015

   Total of all shares/units bought back, or in relation to which acceptances have been received, before, and on, previous day

   Before previous day	Previous day 27 June 2016
   3	Number of shares/units bought back or if buy-back is an equal access scheme, in relation to which acceptances have been received	19,819,886	454,719

   4

   Total consideration paid or payable for the shares/units

   $1,082,453.33

   $13,796.29

   + See chapter 19 for defined terms.

   11/01/2010 Appendix 3E Page 1

   Appendix 3E

   Daily share buy-back notice

   Before previous day

   Previous day 27 June 2016

   5

   If buy-back is an on-market buy- back

   highest price paid: date: $0.091 lowest price paid: date: $0.028

   highest price paid: $0.031 lowest price paid: $0.030 highest price allowed under rule 7.33: $0.031

   Participation by directors

   6

   Deleted 30/9/2001.

   NA

   How many shares/units may still be bought back?

   7

   If the company/trust has disclosed an intention to buy back a maximum number of shares/units - the remaining number of shares/units to be bought back

   The company does not intend to buy back more shares than the maximum number of shares allowable under the 10/12 limit

   Compliance statement

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

3. or, for trusts only:

4. 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.

5. 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: 28 June 2016

(Executive Director/CFO/Company Secretary) Print name: Dr Kevin Jih

+ See chapter 19 for defined terms.

Appendix 3E Page 2 11/01/2010