ALD: Acquisition of Z Energy Receives High Court Approval

ASX Release

Trading in Z Energy shares suspended on the NZX and ASX	Close of trading on 28 April 2022
Scheme Record Date	3 May 2022
Scheme Implementation Date	10 May 2022
De-listing of Z Energy shares from the NZX and ASX	Close of trading on 10 May 2022
Scheme Consideration expected to be despatched to Z Energy shareholders	10 May 2022

26 April 2022

ACQUISITION OF Z ENERGY RECEIVES HIGH COURT APPROVAL

Ampol Limited (ASX:ALD) (Ampol) confirms today that the New Zealand High Court has issued final orders approving the Scheme of Arrangement (Scheme) with Z Energy Limited (NZX/ASX:ZEL) (Z Energy) .

Subject to remaining customary completion conditions being satisfied or waived by or at 8.00am on the Scheme Implementation Date, the Scheme timetable is:

Subject to remaining customary completion conditions being satisfied or waived by or at 8.00am on the Scheme Implementation Date, and based on the timing set out above, holders of Z Energy shares at 7:00pm (New Zealand time) on the Scheme Record Date will be entitled to receive the Scheme Consideration of NZ$3.78200 per Z Energy share in cash, which is expected to be despatched on the Scheme Implementation Date.

The Scheme Consideration of NZ$3.78200 per Z Energy share in cash includes an Implementation Date Adjustment (as defined in the Scheme Booklet) of NZ$0.02200 per Z Energy share1. A delay in the anticipated timing set out above may result in an increase in the Implementation Date Adjustment, and therefore an increase in Scheme Consideration. Please see the Scheme Booklet for further details on the Implementation Date Adjustment.

Z Energy shareholders who wish to participate in the Scheme do not need to take any further action. Z Energy shareholders who do not wish to participate in the Scheme must sell their shares before the close of trading on 28 April 2022.

A copy of the sealed final orders of the High Court in relation to the Scheme are attached.

Foreign Exempt Listing on the NZX

Subject to the Scheme being implemented, Ampol also intends to list on the NZX Main Board under the foreign exempt rules providing easy access for New Zealand based investors to invest in the former Z Energy business as part of the larger and broader Ampol business. Ampol will retain its primary listing on the Australian Securities Exchange2.

Authorised for release by: the Chairman of Ampol Limited.

• 1. 40 calendar days at NZ$0.00055 per calendar day

• 2. This announcement does not constitute an offer of financial products for sale and is not investment or financial product advice. Individuals should seek their own financial, legal and taxation advice before making any decision to purchase shares