African Energy Resources Guernsey : Daily share buy-back notice - Appendix 3E

Appendix 3E

Daily share buy‐back notice

Rule 3.8A

Appendix 3E

Daily share buy-back notice (except minimum holding buy-back and selective buy-back)

Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/9/99. Origin: rule 3.6, Appendix 7C. Amended 30/9/2001, 11/01/10

Name of entity

African Energy Resources LimitedABN/ARSN123 316 781

We (the entity) give ASX the following information.

Information about buy‐back

1	Type of buy‐back	On market buy‐back
2	Date Appendix 3C was given to	27 November 2017
ASX

Total of all shares/units bought back, or in relation to which acceptances have been received, before, and on, previous day

Before previous day

Previous day

• 3 Number of shares/units bought

  back or if buy‐back is an equal

  access scheme, in relation to

  which acceptances have been

  received

  1,598,394 shares

  500,000 shares

• 4 Total consideration paid payable for the shares/units

or

$36,763

$11,500

+ See chapter 19 for defined terms.

11/01/2010 Appendix 3E Page 1

Appendix 3E

Daily share buy‐back notice

Before previous day

Previous day

5

If buy‐back is an on‐market buy‐back

highest price paid: 2.3c lowest price paid: 2.3c

highest 2.3cpricepaid:lowest price paid: 2.3c highest price allowed under rule 7.33: 2.3c

Participation by directors

6

Deleted 30/9/2001.

How many shares/units may still be bought back?

7

If the company/trust has disclosed action to buy back a maximum number of shares/units - the remaining number of shares/units to be bought back

Compliance statement

1.

The company is in compliance with all Corporations Act requirements relevant to this buy‐back.

Daniel Davis Company Secretary Date: 18 June 2018

== == == == ==

+ See chapter 19 for defined terms.

Appendix 3E Page 2

11/01/2010