Significant Shareholder Announcement

05 March 2015 88 ENERGY LIMITED NEW SIGNIFICANT SHAREHOLDERS 88 Energy Limited ASX:88E; AIM:TPET, "88 Energy" or the "Company") announces,pursuant to Rule 17 of the AIM Rules for Companies, the following changes tosignificant shareholders in the company following the completion of the issueof equity announced on 3 March 2015, at a price of A$0.01 per share(`Placing'). Shareholder name Mr Donald Jeffrey Smith Eloten Group Ltd Participation in Placing 51,000,000 40,000,000 Shareholding following 70,000,000 40,000,000Placing % shareholding following 6.15% 3.52%Placing Sarah Smith Joint Company Secretary 88 Energy Limited Level 2, 5 Ord Street West Perth WA 6005, Australia Ph: + 61 8 9485 0990 www.88energy.com.au Contacts RFC Ambrian Limited As Nominated Adviser Mr Oliver Morse +61 8 9480 2500 As Corporate Broker Mr Charlie Cryer

+44 20 3440 6800