TR-1: Notification of Major Interest in Shares

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Tlou Energy Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Stephen Hemsley

4. Full name of shareholder(s)  (if different from 3.):iv

Smith & Williamson Nominees Ltd on behalf of

Stephen Hemsley

Sharon Hemsley

CTG Investment Ltd

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

5 September 2016

6. Date on which issuer notified:

5 September 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORDINARY SHARES

AU000000TOU2

7,861,335

7,861,335

5,971,335

5,971,335

4,000,000

2.52%

1.69%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

9,971,335

4.20%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

A purchase in a Placing by Stephen Hemsley and connected persons of 2,050,000 shares increased their holding to 9,971,335 shares representing 4.20% of the enlarged equity.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Figures are based on total number of voting rights 237,198,239

14. Contact name:

Stephen Hemsley

15. Contact telephone number:

01590 611008 or 07798 837850

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Stephen Hemsley

Contact address

(registered office for legal entities)

Bailey's Reach, Dock Lane, Beaulieu, Hampshire, SO42 7YJ

Phone number & email

01590 611008 or 07798 837850

[email protected]

Other useful information

(at least legal representative for legal persons)

Contact at Smith & Williamson: Hugo Smith on 0207 131 4684 ([email protected])

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information