Under the Corporations Act, a person has a “substantial holding” in the Company if that person and his/her associates have a relevant interest in five per cent. or more of the total number of Ordinary Shares in a company.

A person who:

• begins to or ceases to have a substantial holding in a company; or
• has a substantial holding in a company and there is movement by at least one per cent. in their holding, must give notice to the company and to the ASX. The contents of the notice are prescribed in the Australian Corporations Act, section 671B(3) and section 671B(4).

Under the AIM Rules for Companies, the Company is obliged to announce any changes to the holding of a ‘Significant Shareholder’ (i.e. any person with a holding of 3 per cent. or more of the issued Ordinary Shares (excluding treasury shares)) above 3 per cent. (excluding treasury shares) which increase or decrease such holding through any single percentage. This reflects the disclosure requirements of DTR 5. However, because the Company is an Australian incorporated company whose Ordinary Shares will be admitted to trading on AIM, it and its Shareholders are not subject to DTR 5. Accordingly, the guidance to the AIM Rules for Companies states that the Company is required to use all reasonable endeavours to comply with its obligations to announce changes to the holdings of Significant Shareholders notwithstanding that Australian law does not contain provisions that are similar to DTR 5 (in this case, being that the disclosure thresholds under Australian law are different to those specified by DTR 5). Such guidance advises the Company to include provisions in its Constitution requiring significant Shareholders to notify it of any relevant changes to their shareholdings in similar terms to DTR 5.

Accordingly, the Company has incorporated into its Constitution provisions that oblige its Shareholders to inform it of any relevant changes to their interests in Ordinary Shares as if DTR 5 applied to the Company. A person must notify the Company of the percentage of its voting rights he holds as Shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments (or a combination of such holdings) if the percentage of those voting rights reaches, exceeds or falls below 3 per cent., 4 per cent., 5 per cent., 6 per cent., 7 per cent., 8 per cent., 9 per cent., 10 per cent. and each 1 per cent. threshold thereafter up to 100 per cent. as a result of an acquisition or disposal of voting rights or financial instruments, or an event changing the breakdown of voting rights (for example, a buy-back of shares). Such a notification must be made as soon as possible, but not later than two trading days after the date of the relevant trade or change of circumstances that resulted in the disclosure requirement. Such a notification must be made by way of a Form TR-1, which is available via the FCA’s website – Shareholding notification and disclosure | FCA . Completed Forms TR-1 should be emailed to the Investor Centre at investor-relations@88energy.com

Shareholders are advised to take their own independent legal advice in relation to their disclosure obligations.

The following information is being disclosed in accordance with Rule 26 of the AIM Rules last reviewed 13 March 2025.

• Click here for 88 Energy Schedule 1 Pre-Admission announcement
• Click here for 88 Energy AIM Admission Appendix
• Description of Company’s Business: About 88 Energy
• Company Directors: Our Leadership
• Corporate Governance: Corporate Governance
• Main Country of Operation: Australia.
• Country of Incorporation: 88 Energy Limited was incorporated in Australia on 21 February 1996 with its main country of operation in Australia. Because 88 Energy is incorporated in Australia, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.
• Shareholders Rights: As 88 Energy Limited is not incorporated in the UK, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company. Shareholders should refer to the Company’s Constitution
• Other Stock Exchanges: 88 Energy Limited is also listed on the Australian Securities Exchange (ASX: 88E).
• Significant Shareholders: The Latest Top 20 Shareholders of the Company refer to the Investor Centre
• Shares not in public hands (as defined in the AIM Rules for Companies): 0.1917% (55,482,717 shares)
• Restrictions on Trading of Securities: Directors and staff of 88 Energy must abide by the Company’s Corporate Governance policies.
• Annual, Half Yearly and Quarterly Reports: Financial Reports
• Company Announcements: Announcements
• Corporate Directory: Corporate Directory

88 Energy Limited is not subject to the UK City Code on Takeovers and Mergers, however it is subject to the Australian Corporations Act 2001 (Cth).