12 May 2025

88 Energy Limited

Completion of Consolidation of Capital

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) ("88 Energy" or the "Company") wishes to advise, that following the completion of the consolidation of capital on a one (1) share for every twenty-five (25) shares held basis as approved by shareholders on 6 May 2025 (the "Consolidation"), the issued share capital of the Company is now as follows:

The following table sets out the effect of the Consolidation on the Options currently on issue:

The following table summarises the effect of the Consolidation on the Warrants:

Further details on the Consolidation were announced on 4 April 2025.

Admission and Total Voting Rights:

An application has been made to the London Stock Exchange for the Post Consolidation Shares to be admitted to trading on AIM. Admission is expected to become effective in respect of, and dealings on AIM are expected to commence in, all of the Post Consolidation Shares, at 8:00 a.m. on 13 May 2025.

Following the Consolidation, the Company has a total of 1,157,350,417 ordinary shares on issue, all of which have voting rights. The figure of 1,157,350,417 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company.

This announcement has been authorised by the Board.

Media and Investor Relations: