Supplementary Prospectus

17 March 2015 88 ENERGY LIMITED Supplementary Prospectus Pursuant to Rule 20 of the AIM Rules for Companies, 88 Energy Limited (ASX:88E; AIM: 88E) ("88 Energy" or "the Company") would like to advise that it haslodged a Supplementary Prospectus in relation to an offer of up to 1,000 listedOptions (exercisable at $0.02 each on or before 2 March 2018) at an issue priceof $0.001 per Option to raise up to $1.00. The Supplementary Prospectus hasbeen issued for for the purpose of removing any trading restrictions on theListed Options to be issued to brokers and advisors without disclosure afterthe date of the Prospectus lodged 16 February 2015. A copy of the Supplementary Prospectus is available on the Company's website atwww.88energy.com. DAVID WALLManaging Director 88 Energy LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990www.88energy.com Contacts RFC Ambrian Limited As Nominated AdviserMr Oliver Morse+61 8 9480 2500