Botala Energy : NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

ToCompany Name/Scheme	Botala Energy Ltd
ACN/ARSN	626 721 620
1. Details of substantial holder (1)
Name	Wolf-Gerhard Martinick
ACN/ARSN (if applicable)	N/A

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

2. Previous and present voting power

16/04/2024

04/10/2023

04/10/2023

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary	50,607,603	34.87%	56,868,400	31.61%
class shares
				Based on
				Botala Energy
				Ltd having
				179,891,812
				shares on
				issue

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose	Nature of change (6)	Consideration given	Class and number	Person's votes
change	relevant interest		in relation to change	of securities	affected
	changed		(7)	affected
		Dilution of
		the interest
		in Botala
16/04/2024	Wolf-	Energy Ltd	N/A	N/A	N/A
Gerhard	following the
	Martinick	issue of
		placement
		shares

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

604 Page 2 of 3 15 July 2001

Holder of	Registered holder	Person entitled to be	Nature of relevant	Class and number	Person's votes
relevant interest	of securities	registered as holder	interest (6)	of securities
		(8)
Wolf-Gerhard	Wolf-Gerhard	Wolf-Gerhard	Registered	43,152,249
Martinick	Martinick	Martinick	holder of the	ordinary	43,152,249
			shares	shares
Kris	Kris Francis	Kris Francis	Registered	11,716,151
Francis	Martinick	Martinick	holder of the	ordinary	11,716,151
Martinick			shares	shares
Dirk	Dirk Martinick	Dirk Martinick	Registered	2,000,000
Martinick			holder of the	ordinary	2,000,000
			shares	shares

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Wolf-Gerhard Martinick	2/22 Mounts Bay Road, Crawley, Western Australia 6009

Signature

print name	Wolf-GerhardMartinick	capacity	Chairman and Director
sign here
	date	18/04/2024

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
2. See the definition of "associate" in section 9 of the Corporations Act 2001.
3. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
4. The voting shares of a company constitute one class unless divided into separate classes.
5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
6. Include details of:
7. 1. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
   2. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

604 Page 3 of 3 15 July 2001

1. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
2. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
3. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.