88 Energy : Change of Director's Interest Notice

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity 88 ENERGY LIMITED

ABN	80 072 964 179

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	George Henry Stephen Staley
Date of last notice	23 November 2022

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

	Direct or indirect interest	Direct and Indirect
	Nature of indirect interest	Derwent Resources Limited
	(including registered holder)
	Date of change	29 August 2023
	No. of securities held prior to change	Direct (George Henry Stephen Staley)
		- 11,983,334 Fully Paid Ordinary Shares
		- 6,666,667 Performance Rights (subject
		to vesting conditions
		Indirect (Derwent Resources Limited)
		- 825,000 Fully Paid Ordinary Shares
	Class	Fully Paid Ordinary Shares
	Number acquired	Direct (George Henry Stephen Staley)
		- 1,451,883 Fully Paid Ordinary Shares
		Indirect (Derwent Resources Limited)
		- 82,500 Fully Paid Ordinary Shares

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Number disposed	Nil
Value/Consideration	A$0.006 per share (participation in the
Note: If consideration is non-cash, provide details and estimated	Rights Issue as per the Offer document
valuation
	released on ASX on 31 July 2023.)
No. of securities held after change	Direct (George Henry Stephen Staley)
	13,435,217 Fully Paid Ordinary Shares
	6,666,667 Performance Rights (subject to
	vesting conditions)
	Indirect (Derwent Resources Limited)
	907,500 Fully Paid Ordinary Shares
Nature of change	Dr Staley's participation in the Rights
Example: on-market trade, off-market trade, exercise of options,	Issue as per the Offer document released
issue of securities under dividend reinvestment plan, participation in	on ASX on 31 July 2023.
buy-back

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration	N/A
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3