Trilogy International : ASX TIL) Allotment of Shares

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18 August 2017

ISSUE OF TRILOGY SHARES

For the purposes of NZX Main Board Listing Rule 7.12.1 and 7.12.9 Trilogy International Limited ( Trilogy)(NZX: TIL) advises the following securities have been issued pursuant to the Trilogy International Limited Share Option Plan:

TRILOGY INTERNATIONAL LIMITED

trilogy

Class of security ISIN

Number issued Nominal value Issue Price Payment terms Amount paid up

Percentage of class of securities Reason for issue

Authority for issue Terms of issue

Number of securities in existence after issue

Treasury stock Additional information

Ordinary Shares NZECOE0001S4 37,500

N/A

$0.85

Paid in cash Fully paid

0.05% (post allotment)

Issue of fully paid ordinary shares on exercise of options issued under the Trilogy International Limited Share Option Plan

Directors' resolution

Pursuant to the Trilogy International Limited Share Option Plan dated 31 March 2015

72,746,630 quoted ordinary shares N/A

For the purposes of Listing Rule

7.12.9 of the NZX Main Board Listing Rules, Trilogy advises:

1. 37,500 options have been converted into 37,500 fully paid ordinary shares in Trilogy (as set out in this notice);

2. there are no interest or dividend conditions attaching to the fully paid

3. 200,000 unlisted options exercisable at $0.60,which are scheduled to vest in 3 equal tranches on each of 10 March 2018,

ECOYA

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and 2019 and expiring on 10 April 2020, and 2021,respectively

572,500 unlisted options exercisable at $0.85 held by staff. 77,500 of these options vested on 31 March 2016 and remain to be exercised by

10 April 2018. 135,000 of these options vested on 31 March 2017 and remain to be exercised by 10 April 2019. 180,000 of these options are scheduled to vest on each of 31 March 2018 and 2019, which expire on, 2020, and 2021, respectively.

Date of issue

Yours faithfully

Li ;w·ay Render

Trilogy International Limited

14 August 2017