Triangle Energy Global : Becoming a Substantial Holder

Form 603

Corporations Act 2001

Section 6718

Notice of initial substantial holder

To Company Name/Scheme Triangle Energy (Global) Limited

ACNIARSN 110 411 428

1. Details of substantial holder (1)

   Name Robert E T Towner and others

   ACNIARSN (ifapplicable)

   30111 / 2016

   The holder became a substantial holder on

2. Details of voting power

   The total number of votes attached to al! the voting shares in the company or voting interests in the scheme that the substantial

   holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

   Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
   Fully Paid Ordinary Shares	8,172,686	8,172,686	5.56o/o

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had inthe following voting securities on the date the subslantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Austin 4Pty Ltd AJC>	Shareholder, Director and Beneficiary	3,726,064
Mandolin Pty Ltd	Shareholder, Director and Beneficiary	906,644
Mr Robert E T Towner	Direct Holding	3,066,451
Austin 4Pty Ltd NC>	Trustee and Beneficiary	457,527
Mrs Sally A Towner	Wife	16,000

1. Details of present registered holders

   The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

   Holder of relevant interest	Registered holder of securities	Person entitled to be reQistered as holder (8)	Class and number of securities
   Not Applicable

2. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial ho!der became a substantial holder is as fo11ows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
Cash	Non-cash
Not Applicable	Not App!icab!e	NIA	NIA	Not Applicable

6. Associates

The reasons the persons named in paragraph 3above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not Applicable

7. Addresses

The addresses of persons named in this form are as follows:

Name Address

NC>

Austin 4 Pty ltdPO Box 892 Cottes!oe WA 6911Mandolin Pty Ltd PO Box 892 Cottesloe WA 6911

NC>

Mr Robert E T Towner PO Box 892 Cottes!oe WA 6911 Austin 4 Ply Ltd PO Box 892 Cottes!oe WA 6911Mrs Sally A Towner PO Box 892 Cottes!oa WA 6911

Signature

print name Mr Robert capacity Director

sign here date

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the fonn. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the fom1 as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

2. See the definition of "associate" in section 9 of the Corporations Act 2001.

3. See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.

4. The voting shares of a company constitute one class unless divided into separate classes.

5. The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

6. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

7. Include details of:

8. any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 6718(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

9. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

   See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

10. Ifthe substantial holder is unable to determine the identity of the person ( eg.if the relevant interest arises because of an option} write "unknown".

11. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.