Karoon Energy : Notification regarding unquoted securities - KAR

Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary

Entity name

For personal use only

KAROON ENERGY LTD

Date of this announcement Tuesday March 29, 2022

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

Total number of

ASX +security	+securities to be
code	Security description	issued/transferred	Issue date
New class - code	PERFORMANCE RIGHTS EXPIRING	1,114,389	23/03/2022
to be confirmed	30-JUN-2025

Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity KAROON ENERGY LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type ABN

1.3 ASX issuer code KAR

1.4 The announcement isNew announcement

1.5 Date of this announcement 29/3/2022

Registration number 53107001338

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

For personal use only

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

For personal use only

ASX +security code

+Security description

New class - code to be confirmed

PERFORMANCE RIGHTS EXPIRING 30-JUN-2025

+Security type

ISIN code

Other

Date the +securities the subject of this notification were issued 23/3/2022

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20191028/pdf/449y8b2kybwwqj.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the termshttps://www.asx.com.au/asxpdf/20191028/pdf/449y8b2kybwwqj.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

1,114,389

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

For personal use only

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

Total number ofASX +security code and description

+securities on issue

KAR : ORDINARY FULLY PAID

557,396,913

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

Total number of

ASX +security code and description	+securities on issue
KARAQ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,739,632
KARAR : PERFORMANCE RIGHTS EXPIRING 30-JUN-2022	212,387
KARAS : PERFORMANCE RIGHTS EXPIRING 30-JUN-2023	3,719,587
KARAW : PERFORMANCE RIGHTS EXPIRING 30-JUN-2024	4,172,267
KARAV : PERFORMANCE RIGHTS EXPIRING 30-JUN-2023	2,880,420
New class - code to be confirmed : PERFORMANCE RIGHTS EXPIRING 30-JUN-2025	1,114,389

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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