4 April 2025

88 Energy Limited

 Notice of AGM

and

Proposed Capital Consolidation

88 Energy Limited (ASX & AIM: 88E) ("88 Energy" or the "Company") is pleased to confirm that a notice ("Notice") of annual general meeting of the Company (the "AGM") has been lodged to convene the AGM, which will be held on 6 May 2025 at 10:00am (AWST) at: Quest Kings Park, 54 Kings Park Road, Perth, WA, 6005. 

At the AGM the Company is proposing five resolutions, further details of which are set out in the Notice of AGM, which is available on the Company's website: www.88energy.com .

Resolution 5 proposes that Shareholders approve the consolidation of the issued share capital of the Company on a 25:1 basis (the "Consolidation"), such that every twenty-five (25) Shares, Depositary Interests, Options, Performance Rights or Warrants are consolidated into one (1) Share, Depositary Interest, Option, Performance Right or Warrant, respectively.

For Depositary Interests ("DIs"), which represent ordinary shares of the Company ("Shares"), and which are admitted to trading on AIM, the proposed timetable for the Consolidation is expected to be as follows:

Further information on the Consolidation is set out in the Notice of AGM.

To avoid market confusion and potentially unsettled trades at the Record Date, if resolution 5 is passed at the AGM, it is expected that trading in the Company's DIs on AIM will be temporarily suspended at 7.30am on 9 May 2025, with the restoration of trading of the DIs on AIM expected to occur at 7:30am on 13 May 2025.

A further announcement will be made regarding the Company's new total number of Shares in issue and voting rights should the requisite resolutions be passed at the AGM and the consolidation of capital proceeds. It is expected that fractional entitlements to a Security resulting from the Consolidation will rounded down to the nearest whole Security.

Shareholders are encouraged to lodge a directed proxy form prior to the AGM.

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