Gas2Grid : Dispatch today Letter to Ineligible Shareholders

30 April 2019

Dear Shareholder

Gas2Grid Limited (Company) - 1 for 2 Non-Renounceable Entitlement Offer

The Company announced on 29 April 2019 a 1 for 2 non-renounceable Entitlement Offer at an issue price of $0.003 per share to raise approximately $1.717 m (before transaction costs) (Entitlement Offer). The Entitlement Offer is not underwritten.

The net proceeds of the Entitlement Offer will be applied to deepening the existing well Nuevo Malolos-1 targeting two oil bearing sandstones in the Malolos oil field within Service Contract 44 in the Philippines and costs related to the Entitlement Offer.

The Company is writing to advise you as a shareholder of the Company with a registered address outside of Australia and New Zealand that, in accordance with ASX Listing Rule 7.7.1(b), the Company will not be offering the New Shares under the Entitlement Offer to you. The shares that would otherwise have been offered to you will form part of the shortfall, and will be offered to shareholders who are eligible to participate in the Entitlement Offer, or new investors identified by the Board.

You will not receive a copy of the offer document, however, a copy of the offer document is available on the ASX's website (www.asx.com.au), and the Company's website (www.gas2grid.com), for your reference only.

Details of the Entitlement Offer are summarised below.

Summary of Key Information

Type of offer	Non-renounceable 1 for 2 entitlement offer of approximately
	572,204,538 ordinary shares to shareholders that are on the
	share register of the Company as at the record date
Offer price	$0.003 per new share
Offer ratio	1 new share for every 2 existing shares held at the record date
Trading of entitlements	Entitlements may not be sold on ASX or otherwise transferred
	off market
Ranking of new shares	The new shares will be fully paid and will rank equally in all
	respects with the Company's existing issued ordinary shares
Number of shares quoted on ASX	The number of ordinary shares to be quoted on ASX on
	completion of the Entitlement Offer (assuming the Entitlement
	Offer is fully subscribed) will be approximately 1,716,613,614

Please note that the Company's shares will be quoted on an 'ex' basis from 1 May 2019. Any shares bought after this date and/or registered after therecord date will not be able to participate in the Entitlement Offer.

Gas2Grid Limited	Level 2, 18‐22 Pitt Street	PO Box R1911	T [phone]
ABN 46 112 138 780	Sydney NSW 2000	Royal Exchange NSW 1225
www.gas2grid.com	Australia	Australia	[e-mail]

Indicative Timetable

Event	Date
Notice of Entitlement Offer sent to all Shareholders	30 April 2019
Ex-Date: the date on which Shares commence trading	1	May 2019
without entitlement to participate in the Entitlement Offer
Record date (7pm Sydney time)	2	May 2019
Dispatch of offer document and application form to Eligible	7	May 2019
Shareholders
Entitlement Offer closes (5pm Sydney time)	27	May 2019
New shares quoted on deferred settlement basis	28	May 2019
Shortfall shares notified to ASX	30	May 2019
Issue and allotment of new Shares	3	June 2019
Normal trading of Shares expected to commence	4	June 2019
Dispatch of holding statements	6	June 2019

Note: Dates and times are indicative only and subject to change. Subject to compliance with the ASX

Listing Rules, the Company reserves the right to: (i) not proceed with the Entitlement Offer and return any applications moneys received without interest; or (ii) vary the dates and times above including closing the offer earlier or later.

For further information on the Entitlement Offer please refer to the offer document or contact the Company:

Level 2

Export House

18-22 Pitt Street

Sydney NSW 2000

Telephone:	[phone]
Email:	[e-mail]
Yours sincerely

Dennis Morton

Managing Director

Gas2Grid Limite

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