88 ENERGY LIMITED - Significant Shareholder Announcement

05 March 2015

                               88 ENERGY LIMITED

                         NEW SIGNIFICANT SHAREHOLDERS

88 Energy Limited ASX:88E; AIM:TPET, "88 Energy" or the "Company") announces,
pursuant to Rule 17 of the AIM Rules for Companies, the following changes to
significant shareholders in the company following the completion of the issue
of equity announced on 3 March 2015, at a price of A$0.01 per share
(`Placing').

Shareholder name           Mr Donald Jeffrey Smith    Eloten Group Ltd

Participation in Placing   51,000,000                 40,000,000

Shareholding following     70,000,000                 40,000,000
Placing

% shareholding following   6.15%                      3.52%
Placing

Sarah Smith

Joint Company Secretary

88 Energy Limited

Level 2, 5 Ord Street

West Perth WA 6005, Australia

Ph: + 61 8 9485 0990

www.88energy.com.au Contacts

RFC Ambrian Limited

As Nominated Adviser

Mr Oliver Morse

+61 8 9480 2500

As Corporate Broker

Mr Charlie Cryer

+44 20 3440 6800