SECTION 708A NOTICE: ISSUE OF SECURITIES

ACN 626 751 620

24 Hasler Road, Osborne Park, WA 6017

16 April 2024

ASX Limited

Company Announcements

Level 4, 20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

RE: SECTION 708A NOTICE: ISSUE OF SECURITIES

Botala Energy Ltd (Botala or the Company) (ASX Code: BTE) hereby gives notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) that it has issued 14,666,666 fully paid ordinary shares in the Company without disclosure to investors under Part 6D.2 of the Corporations Act.

The Company states in accordance with section 708A(6) of the Corporations Act that:

• This notice is being given under section 708A(5)(e) of the Corporations Act;
• as at the date of this notice, the Company has complied with the relevant provisions of Chapter 2M of the Corporations Act as they apply to the Company and Sections 674 and 674A of the Corporations Act; and
• there is no excluded information within the meaning of Sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed under section 708A(6)(e) of the Corporations Act, except for (at the date of this cleansing notice), Botala being in early-stage discussions with third parties in connection with potential transactions, including pursuing a tender opportunity from the Botswana Power Corporation for the construction and operation of a 4MW solar-powered electricity generation pilot in Botswana. These potential transactions are subject to ongoing negotiations and the parties agreeing binding documentation and, as such, investors are cautioned not to place undue reliance on any such transactions materialising. The Company will keep the market updated in accordance with its continuous disclosure obligations.

This announcement is authorised by the Board.

Should you have any queries or require any clarification, please contact me on [phone].

Yours faithfully

BOTALA ENERGY LTD

Craig Basson

Company Secretary

www.botalaenergy.com