Nido Petroleum : Notice of Change of Interest of Substantial Holder

Form 604

Corporations Act 2001

Section 6718

604 a e 212 15 Jul 2001

Notice of change of interests of substantial holder

To Company Name/Scheme Nido Petroleum Limited

ACN/ARSN 086 630 373

1. Details of substantial holder (1)

   Name SCP Energy International Ple Ltd. (BCPE) and The Bangchak Petroleum Public Company Limited (Bangchak) & its other subsidiaries (Bangchak Subsidiaries)

   ACN/ARSN (if applicable) N/A

   There was a change in the interests of the substantial holder on	6/1212016
   The previous notice was given to the company on	3/10/2014
   The previous notice was dated	3/10/2014

2. Previous and present voting power

   (3) in when last required and W'len now required to give a substantial holding notice to the company or scheme are as follows·
   Class of securities (4)	Previous notice			Present notice
   	Person's votes	Voting pov,.,er (5)		Person's votes	Voting pov,.,er (5)
   Fully paid ordinary shares	1,781,502,769.	81.41	434,686,685	96.98

   The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest

   •Reflects holding pnor to 50:1 consolldat1on Ym1ch occurred on 29 May 2015 (BCPE's holding post consohdat1on was 35,630,056 shares)

3. Changes in relevant interests

   Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
   6/1212016	BCPE, Bangchak and Subsidiaries	BCPE acquired 399,056,629 ordinary shares under the recently announced pro rata entitlement offer. The other substantial holders are taken under s608(3) of the Corporations Act 2001 (CA) to have a deemed relevant interest in the ordinary shares which BCPE has acquired.	$A0.065 (6.5 cents) for each fully paid ordinary share	399,056,629 ordinary shares	15.57o/o

   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows·

4. Present relevant Interests

   Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

   Holder of relevant interest		Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities		Person's votes
   BCPE	BCPE	BCPE	BCPE has a relevant interest in 434,686,685 ordinary shares as it is the registered holders of those shares.	434,686,685	434,686,685
   Bangchak		BCPE	BCPE	Taken to have a relevant interest under section 608(3)(b) of the CA by reason of having control of BCP Energy International Pie. Ltd.	434,686,685	434,686,685
   Bangchak Subsidiaries		BCPE	BCPE	Taken to have a relevant interest under section 608(3)(a) of the CA by reason of having voting power (through the relevant interests of its associate, The Bangchak Petroleum Public Company Limited) above 20o/o in BCP Energy !International Pte. Ltd.	434,686,685		434,686,685

5. Changes in association

   The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association
   PTT Public Company Limited	Ceased to have a relevant interest under section 608(3) as no longer holds voting pov,.,er above 20%, in Bangchak

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
BCPE	8 Marina Boulevard#OS-02, Marina Bay Financial Centre, Singapore 018981
Bangchak and Bangchak Subsidiaries	555/1 Energy Complex, 10th Floor, Building A, Vibhavadi Rangsit Road, Chatuchak Bangkok 10900

Signature

print name Somchai Tejavanija capacityDirector

sign here ().,f

date

7/ 12/ 16

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

2. See the definition of "associate" in section 9 of the Corporations Act 2001.

3. See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.

4. The voting shares of a company constitute one class unless divided into separate classes.

5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

6. Include details of:

7. any relevant agreement or other circumstances because of which the change in relevant interest occurred. lf subsection 6718(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a v,,ritten statement certifying this contract, scheme or arrangement; and

8. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

   See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

9. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

10. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown'".

11. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

604 GUIDE a e 1/1 13 March 2000

GUIDE

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature This form must be signed by either a director or a secretary of the substantial holder.

Lodging period NH

Lodging Fee Nil

Other forms to be completed

Nil

Additional information (a) If additional space is required to complete a question, the information may be included on a separate piece of

paper annexed to the form.

1. This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme.

   A copy of this notice must also be given to each relevant securities exchange.

2. The person must give a copy of this notice:

3. within 2 business days after they become aVY"are of the information; or

4. by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:

5. a takeover bid is made for voting shares in the company or voting interests in the scheme; and

6. the person becomes aware of the information during the bid period.

Annexures To make any annexure conform to the regulations, you must

use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides

1. show the corporation name and A.C.N or ARBN

2. number the pages consecutively

3. print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied

4. identify the annexure with a mark such as A, B, C, etc

5. endorse the annexure with the words:

   This is annexure (mark) of (number) pages refelled to in form (form number and title)

6. sign and date the annexure.

The annexure must be signed by the same person(s) who signed the form.

Information in this uide is intended as a uide onl . Please consult our accountant or solicitor for further advice.