• Beetaloo Energy completed its Share Purchase Plan (SPP)
• Received applications from 403 shareholders
• Raised $5 million through the issuance of 17,857,143 new shares
• Shortfall shares to be placed by Joint Lead Managers
• Shares expected to commence trading on 4 June 2026

Beetaloo Energy Australia Limited is pleased to announce the completion of its Share Purchase Plan (SPP), which was announced on 27 April 2026. The SPP was open to 4,501 Eligible Shareholders and the Company received eligible applications from 403 shareholders. Eligible Shareholders subscribed for a total of 16,272,337 New Shares under the SPP, resulting in a shortfall of 1,584,806 New Shares. The SPP was 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. A total of 17,857,143 New Shares will be issued under the SPP at an issue price of $0.28 per share, raising $5,000,000.04 (before transaction and underwriting costs). Issuance of the New Shares is subject to shareholder approval at the Company's Annual General Meeting to be held on Friday, 29 May 2026, as required under the ASX Listing Rules. Subject to receipt of shareholder approval, the New Shares are expected to be issued on or about Wednesday, 3 June 2026 and to commence trading on or about Thursday, 4 June 2026.

Beetaloo Energy looks forward to keeping the market updated on its progress in the months ahead.