IPE : Daily share buy-back notice - Appendix 3E (31 July 2017)

Appendix 3E Daily share buy-back notice 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

Rule 3.8A

Name of entity	ABN/ARSN
IPE LIMITED	48 107 843 381

We (the entity) give ASX the following information.

Information about buy-back

1	Type of buy-back	On Market
2	Date Appendix 3C was given to ASX	28 October 2016

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	N/A (first trade)	2,000

4

Total consideration paid or payable for the shares/units

N/A (first trade)

200

+ See chapter 19 for defined terms.

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: date: N/A (first trade) lowest price paid: date: N/A (first trade

highest price paid: $0.10 lowest price paid: $0.10 highest price allowed under rule 7.33: $0.1071

Participation by directors

6

Deleted 30/9/2001.

Not Applicable

How many shares/units may still be bought back?

7

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

13,562,409

+ See chapter 19 for defined terms.

Appendix 3E Page 2

Compliance statement

Appendix 3E Daily share buy-back notice

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

or, for trusts only:

1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust's constitution, relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

Sign here: ................................................ Date: 31 July 2017

(Director/Company secretary)

Sam Jackson

Print name: .........................................................

== == == == ==

+ See chapter 19 for defined terms.

Appendix 3E Page 3