Effective 1 March 2016, Drillsearch Energy Limited is a wholly owned subsidiary of Beach Energy Limited. For latest information regarding the combined operations, please visit Beach’s web site at www.beachenergy.com.au. Please note the existing Drillsearch web site will close in due course.
Time and Date1 Event
Thursday, 18 February 2016 Second Court Date (for approval of the Merger by the Court)
Thursday, 18 February 2016 Effective Date of the Merger
(Drillsearch Shares are suspended from trading at the close of trading on the ASX)
Friday, 19 February 2016 New Beach Shares commence trading on the ASX on a deferred settlement basis
7:00pm, Thursday, 25 February 2016 Record Date – the time and date which determines the entitlements of Drillsearch Shareholders
(other than Excluded Shareholders) to the Scheme Consideration
 Tuesday, 1 March 2016  Implementation Date – the date of transfer of all Scheme Shares to Beach and issue of the
Scheme Consideration to Scheme Shareholders
 Wednesday, 2 March 2016  Commencement of trading of New Beach Shares on the ASX on a normal T+3 settlement basis

1 These dates and times are indicative only and are subject to change. Unless otherwise specified, all times and dates refer to Sydney, Australia time. Any changes to the timetable will be announced to the ASX and notified on Drillsearch’s website at www.drillsearch.com.au.