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Forte Energy NL (FTE)


Tuesday 09 August, 2016

Forte Energy NL

Share Issue for Final Darwin Conversion Notice

                                                                                       Forte Energy NL

                                                                                           AIM Release
                                                                                         9 August 2016

Share Issue for Final Darwin Conversion Notice

Forte Energy NL ("Forte Energy" or "The Company") (AIM: FTE)

Forte  Energy announces the allotment of 3,355,704,698 fully paid ordinary shares ("Conversion Shares")
in  the  Company to Darwin Capital Limited ("Darwin"). The Conversion Shares have been issued following
the  receipt of a final conversion notice today from Darwin in relation to the convertible  loan  notes
announced on 26 March 2015.

The Conversion Shares were issued at 0.00298 pence per share for the exercise of conversion rights  in
respect  of  £100,000 of Convertible Loan Notes. Following this share issue, Darwin  holds  no  further
convertible loan notes in the Company and all Forte's obligations to Darwin have been settled.

Application  has  been  made  for the admission to trading on AIM of the Conversion  Shares,  which  is
expected  to  take place on 12 August 2016. Following admission of the Conversion Shares  Forte  Energy
will have 22,440,362,741 fully paid ordinary shares in issue.

The Company does not expect any further changes to the total shares in issue before the General Meeting
to  be  held  on  Friday  26 August 2016. Accordingly the final conversion ratio  for  Resolution  5  -
Consolidation of Capital to be put to shareholders at the General Meeting is expected to be 1 share for
every 2,992 shares currently held.

Murray Wylie
Company Secretary

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                                   Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                                   Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)

Forte Energy NL

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: [email protected]

Forte Energy NL

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