Announcement PDF Proposed issue of securities Announcement Summary Entity name STRIKE ENERGY LIMITED Announcement Type New announcement Date of this announcement 16/8/2023 The Proposed issue is: A placement or other type of issue Total number of +securities proposed to be issued for a placement or other type of issue ASX +security code +Security description STX ORDINARY FULLY PAID Maximum Number of +securities to be issued 314,567,323 Proposed +issue date 22/12/2023 Refer to next page for full details of the announcement Proposed issue of securities 1/5 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity STRIKE ENERGY LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ABN 59078012745 1.3 ASX issuer code STX 1.4 The announcement is New announcement 1.5 Date of this announcement 16/8/2023 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2/5 Proposed issue of securities Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions Approval/Condition Date for determination +Security holder approval 5/12/2023 Is the date estimated or actual? ** Approval received/condition met? Estimated Comments The acquisition of Talon Energy Ltd by scheme of arrangement is conditional on approval from Talon shareholders, as announced on ASX 14 August 2023. Approval/Condition Date for determination Court approval 20/12/2023 Is the date estimated or actual? Estimated Comments The scheme implementation is conditional on court approval. Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ASX +security code and description STX : ORDINARY FULLY PAID Proposed issue of securities 3/5 ** Approval received/condition met? Proposed issue of securities Number of +securities proposed to be issued 314,567,323 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities On implementation of the scheme, Talon shareholders will receive 0.4828 Strike shares for each Talon share held. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.430000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Part 7C - Timetable 7C.1 Proposed +issue date 22/12/2023 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Proposed issue of securities 4/5 Proposed issue of securities No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Approximately $0.5 million legal fees and listing fees. Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Consideration for the acquisition of Talon Energy Ltd under the scheme implementation deed, as per ASX announcement on 14 August 2023. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue Refer to ASX announcement entitled 'Strike to acquire Talon' announced on 14 August 2023. 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: An applicable ASIC instrument or class order Proposed issue of securities 5/5