• SPP fully underwritten by Blue Ocean Equities and Morgans Corporate
• Shareholder approval required for issue of SPP shares and any SPP shortfall shares
• Revised SPP timetable with shares to be issued on 3 June 2026

Beetaloo Energy Australia Limited ('Beetaloo' or the 'Company') is pleased to announce that the Company's Share Purchase Plan dated 27 April 2026 to raise $5 million ('SPP') has been fully underwritten by Blue Ocean Equities Pty Limited and Morgans Corporate Limited, who acted as Joint Lead Managers to the Placement announced on 10 April 2026 (together, the 'Underwriters'). The SPP is now open and is scheduled to close at 5.00pm (AEST) on Monday, 25 May 2026. The issue of shares under the SPP is subject to Shareholder approval, which will be sought at the Company's annual general meeting to be held at 9.30am (AEST) on Friday, 29 May 2026. As the SPP is now fully underwritten, the Company anticipates issuing the SPP Shares (subject to obtaining shareholder approval) on or about 3 June 2026, with quotation commencing on or about 4 June 2026. The Company is also seeking Shareholder approval to issue any SPP shortfall shares to the Underwriters (or their respective sub-underwriter(s)) in accordance with the ASX Listing Rules.