Tlou Energy : NOTIFICATION UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001 (“THE ACT”)

30 March 2023

Australian Securities and Exchange Limited Exchange Centre

Level 4

20 Bridge Street SYDNEY NSW 2000

Notification under section 708A(5)(e) of the Corporations Act 2001 ("the Act")

On 27 March 2023, Tlou Energy Ltd (ASX:TOU) (the "Company") announced it had raised A$200,000 (~£110,000, ~BWP1.74 million) pursuant to a placing of 5,714,284 new fully paid ordinary shares of no par value to sophisticated investors at an issue price of A$0.035 (~£0.02, ~BWP0.30) per share ("New Shares").

The Company advises that it has today lodged with ASX an Appendix 2A under which it has issued 5,714,284 new fully paid ordinary shares in the Company being the shares issued under the Placement at an issue price of $0.035 per New Share.

The Company hereby gives notice under section 708A(5)(e) of the Act that:

• (a) the New Shares, that have today been issued are part of a class of securities quoted on the Australian Securities Exchange;

• (b) the New Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (c) the Company, as at the date of this notice, has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

  • (ii) Section 674 of the Act; and

• (d) as at the date of this notice, there is no 'excluded information' of the type referred to in sections 708A(7) and 708A(8) of the Act, to be disclosed under section 708A(6)(e) of the Act.

This announcement was released with the authority of the Board.

Yours Faithfully

Tlou Energy Limited

Solomon Rowland Company Secretary

#8610811v1Australia

Botswana

210 Alice Street,	ASX:TOU | AIM:TLOU | BSE:TLOU	Victoria House, 132 Independence Avenue,
Brisbane,	Gaborone
QLD 4000	[e-mail]	PO Box 4023, Gaborone
Tel: [phone]	www.tlouenergy.com	Tel: [phone]

Announcement Summary

Entity name

TLOU ENERGY LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday March 30, 2023

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security

Number of +securities to
code	Security description	Issue date
TOU	ORDINARY FULLY PAID	5,714,284	30/03/2023

be quoted

Refer to next page for full details of the announcementPart 1 - Entity and announcement details

1.1 Name of entity TLOU ENERGY LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

1.3 ASX issuer code TOU

1.4 The announcement isNew announcement

1.5 Date of this announcement 30/3/2023

Registration number 79136739967

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:Announcement Date and Time 27-Mar-2023 09:33

Announcement Title

New - Proposed issue of securities - TOU

Selected Appendix 3B to submit quotation request

A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3BPlacement Details

ASX +security code and description TOU : ORDINARY FULLY PAID

Issue date 30/3/2023

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Number of +securities held

Number of holdersTotal percentage of +securities held

For example, to enter a value of 50% please input as 50.00

1 - 1,000

%

1,001 - 5,000

%

5,001 - 10,000

%

10,001 - 100,000

%

100,001 and over

%