88 Energy Limited - Issue of Equity

RNS Number : 0175S

88 Energy Limited

03 July 2020

3 July 2020

88 ENERGY LIMITED

Issue of Equity

88 Energy Limited ("88E" or the "Company") confirms that it has issued a further 84,723,469 fully paid ordinary shares (the "New Ordinary Shares") in the Company in relation to the recommended off-market takeover offers (the "Offers") for all of the ordinary shares and listed options in XCD Energy Limited (ASX: XCD) ("XCD Energy"). The New Ordinary Shares have been issued in respect of further acceptances of the Offers received prior to 7.00 p.m. on 29 June 2020.

Application has been made for admission of the New Ordinary Shares issued to trading on AIM on 6 July 2020. Following the issue of all the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 8,600,252,450 ordinary shares in issue, all of which have voting rights.

Media and Investor Relations:

88 Energy Ltd Dave Wall, Managing Director	Tel: +61 8 9485 0990 Email: [email protected]

Finlay Thomson, Investor Relations	Tel: +44 7976 248471

Hartleys Ltd Dale Bryan	Tel: + 61 8 9268 2829

Cenkos Securities Neil McDonald/Derrick Lee	Tel: + 44 131 220 6939

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Quick facts: 88 Energy Ltd

Price: 0.27

Market: AIM

Market Cap: £23.66 m

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