Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name GREENVALE ENERGY LTD Date of this announcement Thursday December 14, 2023 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred Total number of +securities to be issued/transferred Issue date GRVASA: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 3,333,333 14/12/2023 New class - code to be confirmed GRVASB: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 3,333,333 14/12/2023 New class - code to be confirmed GRVASC: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 3,333,334 14/12/2023 ASX +security code Security description New class - code to be confirmed Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity GREENVALE ENERGY LTD We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 54000743555 1.3 ASX issuer code GRV 1.4 The announcement is New announcement 1.5 Date of this announcement 14/12/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Other Please specify Refer to the Appendix 3B lodged on 7 November 2023. 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B New +securities ASX +security code +Security description New class - code to be confirmed GRVASA: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 +Security type ISIN code Other Date the +securities the subject of this notification were issued 14/12/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://clients3.weblink.com.au/pdf/GRV/02725894.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Performance rights to be issued to Mark Turner under Greenvale Energy¿s Performance Rights and Options Plan. Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Refer to the Appendix 3B dated 7 November 2023. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 3,333,333 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities The issuance of the performance shares are designed to incentivise and fairly compensate Mr Mark Turner in his role as an executive director of Greenvale Energy Ltd. Purpose of the issue Other Additional Details New +securities ASX +security code +Security description New class - code to be confirmed GRVASB: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 +Security type ISIN code Other Date the +securities the subject of this notification were issued 14/12/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://clients3.weblink.com.au/pdf/GRV/02725894.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Performance rights to be issued to Mark Turner under Greenvale Energy¿s Performance Rights and Options Plan. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Refer to the Appendix 3B dated 7 November 2023. Issue details Number of +securities 3,333,333 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities The issuance of the performance shares are designed to incentivise and fairly compensate Mr Mark Turner in his role as an executive director of Greenvale Energy Ltd. Purpose of the issue Other Additional Details New +securities ASX +security code +Security description New class - code to be confirmed GRVASC: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 +Security type ISIN code Other Date the +securities the subject of this notification were issued 14/12/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://clients3.weblink.com.au/pdf/GRV/02725894.pdf Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification Performance rights to be issued to Mark Turner under Greenvale Energy¿s Performance Rights and Options Plan. Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Refer to the Appendix 3B dated 7 November 2023. Issue details Number of +securities 3,333,334 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities The issuance of the performance shares are designed to incentivise and fairly compensate Mr Mark Turner in his role as an executive director of Greenvale Energy Ltd. Purpose of the issue Other Additional Details Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description GRV : ORDINARY FULLY PAID 440,210,367 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description GRVAB : PERFORMANCE RIGHTS CLASS 2 12-OCT-2025 2,266,666 GRVAP : PERFORMANCE RIGHTS CLASS 3 04-AUG-2024 3,000,000 GRVAN : PERFORMANCE RIGHTS CLASS 1 23-MAR-2024 15,000,000 GRVAQ : PERFORMANCE RIGHTS EXPIRING 06-DEC-2024 8,000,000 New class - code to be confirmed : GRVASA: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 3,333,333 New class - code to be confirmed : GRVASB: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 3,333,333 New class - code to be confirmed : GRVASC: PERFORMANCE RIGHTS EXPIRING 30-NOV-2027 3,333,334 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 15 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 9/9