Certain Common Shares of TAG Oil Ltd. are subject to a Lock-Up Agreement Ending on 22-NOV-2023. These Common Shares will be under lockup for 90 days starting from 24-AUG-2023 to 22-NOV-2023.

Details:
The directors and senior officers to execute agreements, in favour of the Underwriters, pursuant to which each of such individuals will agree not to, without the prior written consent of the Underwriters, such consent not to be unreasonably withheld, sell, transfer or otherwise dispose of or transfer the economic consequences of any securities of the Corporation held by such individuals until the date which is 90 days following the Closing Date except pursuant to (i) transfers of Common Shares pursuant to a bona fide third party take-over bid, merger, plan of arrangement or similar transaction involving a change of control of the Corporation; (ii) transfers for tax or other planning purposes, including dispositions to any trust; or (iii) exercise of a stock option or other convertible security.