Forte Energy NL ACN 009 087 852 ASX and AIM Release 3 August 2012 Appendix 3B and Cleansing Notice - Second Tranche of Placement Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE) Attached is an Appendix 3B for the allotment of 75,080,000 fully paid ordinary shares in the Company and the grant of 86,702,500 unlisted options in accordance with the placement announced 6 June 2012. The placement was carried out in two tranches. Approximately £1.23 million (approximately A$1.92 million) was raised before expenses in the first tranche completed on 8 June 2012 (and subsequently ratified at the general meeting held 2 August 2012). A further approximately £0.94 million (approximately A$1.40 million) before expenses has been raised in the second tranche which was undertaken following receipt of shareholder approval at the general meeting held 2 August 2012. 86,702,500 attaching options exercisable at 3 pence per share on or before 3 August 2013 have also been granted by the Company following receipt of shareholder approval at the general meeting held 2 August 2012. One option was granted for each two shares issued under the placement. The options will not be admitted to trading on either AIM or ASX. The shares and options were issued to various institutional investors in North America, the United Kingdom, Asia and Australia. Forte Energy hereby notifies ASX (as the operator of the prescribed financial market on which the Forte Energy ordinary shares are quoted) under section 708A(5)(e) of the Corporations Act 2001 ("Act") that: 1. the Company issued the shares without disclosure to investors under Part 6D.2 of the Act; 2. at the date of this notice: (a) the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company; and (b) the Company has complied with section 674 of the Act; and 3. at the date of this notice there is no excluded information (as that expression is defined in sub-sections 708A(7) and 708A(8) of the Act) in relation to the Company. Application has also been made to the AIM market of the London Stock Exchange ('AIM') for these shares to be admitted to trading on AIM. Murray Wylie Company Secretary For further information contact: Mark Reilly, Managing Director Forte Energy NL Tel: +44 (0) 203 3849555 Stuart Laing RFC Ambrian Ltd Tel: +61 (0) 8 9480 2506 (AIM Nominated Adviser to the Company) Geoff Nash/Ben Thompson Tel: +44 (0)207 220 0550 Elizabeth Johnson (broking) finnCap Rob Collins/Tarica Mpinga Canaccord Genuity Limited Tel: +44 (0) 207 050 6500 Bobby Morse/Cornelia Browne/Louise Hadcocks Buchanan Tel: +44 (0) 207 466 5000 Forte Energy NL Australia United Kingdom Suite 3, Level 3 3C Princes House 1292 Hay Street 38 Jermyn Street West Perth WA 6005 London SW1Y6DN Ph: +61 (0)8 9322 4071 Ph: +44 (0)203 3847474 Fax: +61 (0)8 9322 4073 Fax: +44 (0)207 2878387 Email: [ info@forteenergy.com.au ] Email: [ info@forteenergy.co.uk ] Web: [ www.forteenergy.com.au ] Appendix 3B New issue announcement Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12 Name of entity Forte Energy NL ABN 59 009 087 852 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or A) Fully paid ordinary shares to be issued B) Unlisted options over unissued shares 2 Number of +securities issued or A) 75,080,000 to be issued (if known) or maximum number which may be B) 86,702,500 issued 3 Principal terms of the A) Fully paid ordinary shares +securities (eg, if options, exercise price and expiry date; B) Unlisted options exercisable at 3 pence if partly paid +securities, the on or before 3 August 2013 amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 Do the +securities rank equally A) Yes in all respects from the date of allotment with an existing +class B) No - Unlisted options of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration A) 1.25 pence per share B) One free option for each two shares issued under placement 6 Purpose of the issue Working capital (If issued as consideration for the acquisition of assets, clearly identify those assets) 6a Is the entity an +eligible entity No that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i 6b The date the security holder Not applicable resolution under rule 7.1A was passed 6c Number of +securities issued Not applicable without security holder approval under rule 7.1 6d Number of +securities issued with Not applicable security holder approval under rule 7.1A 6e Number of +securities issued with Not applicable security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) 6f Number of securities issued under Not applicable an exception in rule 7.2 6g If securities issued under rule Not applicable 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. 6h If securities were issued under Not applicable rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity's remaining Not applicable issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements 7 Dates of entering +securities 3 August 2012 into uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 868,994,311 Ordinary Shares +securities quoted on ASX (including the securities in section 2 if applicable) Number +Class 9 Number and +class of all 2,250,000 25 cent partly paid +securities not quoted on ASX ordinary shares paid to (including the securities in 1 cent section 2 if applicable) 5,000,000 Unquoted options exercisable at A$0.11 on or before 31 October 2012 3,000,000 Unquoted options exercisable at A$0.10 on or before 31 October 2012 4,500,000 Unquoted options exercisable at A$0.20 on or before 24 December 2012 1,500,000 Unquoted options exercisable at A$0.20 on or before 31 October 2012 86,702,500 Unquoted options exercisable at 3 pence on or before 3 August 2013 10 Dividend policy (in the case of a Not applicable trust, distribution policy) on the increased capital (interests) Part 2 - Bonus issue or pro rata issue 11 Is security holder approval Not applicable required? 12 Is the issue renounceable or non- Not applicable renounceable? 13 Ratio in which the +securities Not applicable will be offered 14 +Class of +securities to which the Not applicable offer relates 15 +Record date to determine Not applicable entitlements 16 Will holdings on different Not applicable registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements Not applicable in relation to fractions 18 Names of countries in which the Not applicable entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of Not applicable acceptances or renunciations 20 Names of any underwriters Not applicable 21 Amount of any underwriting fee or Not applicable commission 22 Names of any brokers to the issue Not applicable 23 Fee or commission payable to the Not applicable broker to the issue 24 Amount of any handling fee payable Not applicable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on Not applicable +security holders' approval, the date of the meeting 26 Date entitlement and acceptance Not applicable form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, Not applicable and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if Not applicable applicable) 29 Date rights trading will end (if Not applicable applicable) 30 How do +security holders sell Not applicable their entitlements in full through a broker? 31 How do +security holders sell part Not applicable of their entitlements through a broker and accept for the balance? 32 How do +security holders dispose Not applicable of their entitlements (except by sale through a broker)? 33 +Despatch date Not applicable Part 3 - Quotation of securities You need only complete this section if you are applying for quotation of securities 34 Type of securities (tick one) (a) X Securities described in Part 1 (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 X If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 14 37 A copy of any trust deed for the additional +securities Entities that have ticked box 34(b) 38 Number of securities for which Not applicable +quotation is sought 39 Class of +securities for which Not applicable quotation is sought 40 Do the +securities rank equally in Not applicable all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation Not applicable now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and +class of all Not applicable +securities quoted on ASX (including the securities in clause 38) Quotation agreement 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX. The issue of the +securities to be quoted complies with the law and is not for an illegal purpose. There is no reason why those +securities should not be granted +quotation. An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no- one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted. If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted. 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Sign here: ......................................Date: .....3 / 08 /2012........ (Company Secretary) Print name: M R Wylie......................................................... == == == == == Appendix 3B - Annexure 1 Calculation of placement capacity under rule 7.1 and rule 7.1A for +eligible entities Introduced 01/08/12 Part 1 Rule 7.1 - Issues exceeding 15% of capital Step 1: Calculate "A", the base figure from which the placement capacity is calculated Insert number of fully paid ordinary securities Not applicable on issue 12 months before date of issue or agreement to issue Add the following: * Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2 * Number of fully paid ordinary securities issued in that 12 month period with shareholder approval * Number of partly paid ordinary securities that became fully paid in that 12 month period Note: * Include only ordinary securities here - other classes of equity securities cannot be added * Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed * It may be useful to set out issues of securities on different dates as separate line items Subtract the number of fully paid ordinary securities cancelled during that 12 month period "A" Step 2: Calculate 15% of "A" "B" 0.15 [Note: this value cannot be changed] Multiply "A" by 0.15 Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued: * Under an exception in rule 7.2 * Under rule 7.1A * With security holder approval under rule 7.1 or rule 7.4 Note: * This applies to equity securities, unless specifically excluded - not just ordinary securities * Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed * It may be useful to set out issues of securities on different dates as separate line items "C" Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1 "A" x 0.15 Note: number must be same as shown in Step 2 Subtract "C" Note: number must be same as shown in Step 3 Total ["A" x 0.15] - "C" [Note: this is the remaining placement capacity under rule 7.1] Part 2 Rule 7.1A - Additional placement capacity for eligible entities Step 1: Calculate "A", the base figure from which the placement capacity is calculated "A" Not applicable Note: number must be same as shown in Step 1 of Part 1 Step 2: Calculate 10% of "A" "D" 0.10 Note: this value cannot be changed Multiply "A" by 0.10 Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A Notes: * This applies to equity securities - not just ordinary securities * Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed * Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained * It may be useful to set out issues of securities on different dates as separate line items "E" Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A "A" x 0.10 Note: number must be same as shown in Step 2 Subtract "E" Note: number must be same as shown in Step 3 Total ["A" x 0.10] - "E" Note: this is the remaining placement capacity under rule 7.1A 

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