New Zealand Oil & Gas : 2022 Voting Card

Voting Card

For New Zealand Oil & Gas Ltd

Annual Meeting of Shareholders at 10.00AM on Wednesday, 2 November 2022.

For your vote to be effective, unless you attend the meeting in person or online, your appointment of proxy or representative or your postal vote must be received by 10.00AM on Monday, 31 October 2022.

VOTING INSTRUCTIONS

You may cast your vote in one of four ways;

By attending In person

By attending online at

https://us02web.zoom.us/webinar/register/WN_xHU4RkNIQxeSZvGm8Srj4A

SIGNING INSTRUCTIONS FOR POSTAL VOTING AND PROXY/CORPORATE REPRESENTATIVE FORM

Individual

Where the holding is in one name, the shareholder must sign.

By postal vote (online or by post, email or fax)

If you wish to cast a postal vote, please complete the Postal Voting Form overleaf, sign in the space provided and return it either by post or email (as a scanned attachment). Alternatively you can cast a postal vote by visiting the website below or scanning the QR code.

It is not necessary to also appoint a proxy.

Computershare Investor Services Ltd has been authorised by the Board to receive and count postal votes at the meeting.

By appointing a proxy to attend the meeting

If you wish to appoint a proxy, please do this online by visiting the website below or complete the Proxy / Corporate Representative Form overleaf, sign in the space provided and return it either by post or email (as a scanned attachment). The Chair of the meeting is willing to act as proxy for any shareholder who may wish to appoint him for that purpose.

If you select a proxy to vote on your behalf (including the Chair), and you either (i) confer on the proxy a discretion on the Proxy Form or

1. do not provide any instructions on the Proxy Form about how the proxy should vote, you acknowledge that the proxy may exercise your right to vote at his or her discretion and may vote as he or she thinks fit or abstain from voting. In so doing, you acknowledge that the proxy may exercise your right to vote even if he or she has an interest in the outcome of the Resolution(s) (provided that interest does not disqualify him or her from voting under the NZX Listing Rules).

If you have appointed a proxy to attend the Annual Meeting in

your place, you may still observe the Annual Meeting online (but only your proxy may cast your vote).

LODGE YOUR VOTE OR APPOINT A PROXY

ONLINE:	www.investorvote.co.nz
BY EMAIL:	[e-mail]
BY POST:	Computershare Investor Services Limited
	Private Bag 92119
	Auckland 1142
	New Zealand

FOR ALL OTHER ENQUIRIES CONTACT: [phone]

Joint holding

Where the holding is in more than one name, all of the shareholders must sign.

Power of attorney

If the form over the page has been signed under a power of attorney, a copy of the power of attorney (unless already deposited with

the Company and Computershare) and a signed certificate of non-revocation of the power of attorney must be produced to the Company with this form.

Companies

This form must be signed by a Director jointly with another Director, or a Sole Director may sign alone. Please sign in the appropriate place and indicate the office held.

GO ONLINE TO VOTE OR

APPOINT YOUR PROXY, OR TURN

OVER TO COMPLETE THE FORM.

WWW.INVESTORVOTE.CO.NZ

Appoint or vote online, 24 hours a day, 7 days a week:

YOUR SECURE ACCESS INFORMATION

Control Number:

CSN/Shareholder Number:

PLEASE NOTE: You will need your CSN / Shareholder Number and Postcode to vote or appoint your proxy online*

For your vote to be effective your proxy appointment or postal vote must be received by 10.00AM Monday, 31 October 2022.

*In Order to appoint your proxy online you will need your CSN / Shareholder number and select your Country of Residence

New Zealand Oil & Gas Ltd        Level 1, 36 Tennyson St, Wellington 6011, New Zealand        [phone]New Zealand Oil & Gas Annual Report 2021	1

PROXY/CORPORATE

REPRESENTATIVE/POSTAL VOTING FORM

STEP 1 APPOINT A PROXY TO VOTE ON YOUR BEHALF

Please complete this section if you are NOT attending the meeting and wish to appoint a proxy or representative to attend in your place. DO NOT complete this section if you are appointing a proxy online or voting by postal vote (online, or by email, post, or fax).

I / We being a shareholder / s of New Zealand Oil & Gas Limited

hereby appoint		of
or failing him/her		of

as my / our proxy or representative to act generally at the meeting on my / our behalf and to vote in accordance with the following directions at the Annual Meeting of New Zealand Oil & Gas Ltd to be held at 10am on Wednesday, 2 November 2022 and at any adjournment of that meeting.

STEP 2 ITEMS OF BUSINESS

POSTAL VOTING FORM OR PROXY VOTING INSTRUCTIONS

Please complete this section if you have appointed a proxy or representative and wish to instruct him / her on voting. Or please complete if you are NOT attending the meeting and are NOT appointing a proxy or representative to attend in your place, and you wish to vote by postal vote (email or post). Do NOT complete this section if you are voting online or appointing a proxy or representative online.

Please note: If you mark the Abstain box for an item, you are directing your proxy or representative not to vote on your behalf and your votes will not be counted in computing the required majority. No persons are restricted from voting on, or acting as a discretionary proxy in relation to, any of the Resolutions below.

Proxy

For Against Abstain Discretion

AMENDMENT TO CONSTITUTION

Resolution 1: That the Company's Constitution be amended, with effect from the close of the Annual Meeting, as described in Explanatory Note 2 and set out in detail in the marked up Constitution which may be viewed at www.nzog.com.

ELECTION OF DIRECTOR

Resolution 2: That Mr R Ritchie be elected as a Director

AUDITOR'S REMUNERATION

Resolution 3: That the Board be authorised to fix the auditor's remuneration.

SHAREHOLDER PROPOSALS

Resolution 4: That the Company's Constitution be amended, with effect from the close of the Annual Meeting, as described in the Notice of Meeting and Explanatory Note 5

Resolution 5: That the procedures for election of independents directors and the Company's constitution be amended to the methods described in the Notice of Meeting and Explanatory Note 5.

STEP 3 SIGNATURE OF SECURITY HOLDER(S) THIS SECTION MUST BE COMPLETED

Security Holder/Sole Director/Director	Joint Security Holder/Director	Joint Security Holder
Contact Name
Contact Daytime Phone		Date

New Zealand Oil & Gas Ltd        Level 1, 36 Tennyson St, Wellington 6011, New Zealand        [phone]New Zealand Oil & Gas Annual Report 2021	2

TEXT QUESTION PROCESS

Select Q&A icon located at the bottom of your screen

To submit a question, type your question in the "Ask a question" box and press the send arrow

AUDIO QUESTION PROCESS

Select the Raise Hand icon located at the bottom of your screen.

You will be placed on queue and will be authorised to speak when we reach the Q&A session.

POLL PROCEDURE

When open, a poll window will appear on your screen.

To vote simply select the direction in which you would like to cast your vote. The selected option will be marked.

The number of resolutions on which you have cast your votes will also be indicated on your screen.

Click on submit to cast your votes.

New Zealand Oil & Gas Annual Report 2021	3