Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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, 04/03/13

Name of entity

Liquefied Natural Gas Limited ("LNGL")

ABN

19 101 676 779

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).

NED Rights to acquire fully paid ordinary shares in the capital of LNGL.

1 +Class of +securities issued or to be issued

15,774 NED Rights

1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

   
   

   Performance rights for Non-Executive Directors (NED Rights) were approved by shareholders on 19 November 2015 and issued on terms summarised in 2015 Notice of Annual General Meeting.

   
   

   NED Rights will vest 12 months after Shareholder approval, being after 19 November 2016 and no exercise price or other amount is payable on vesting.

2. Principal terms of the

   +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

   +convertible securities, the conversion price and dates for conversion)

   
   

   The NED Rights are not listed and do not carry a right to vote, receive dividends or generally participate in other corporate actions.

   
   

   Ordinary shares allocated upon vesting of NED Rights will rank equally with all existing fully paid ordinary shares.

3. Do the +securities rank equally in all respects from the +issue date 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

     
     

     Nil

4. Issue price or consideration

   
   

   15,774 unlisted NED Rights were issued under the Company's NED Rights Plan to Leeanne Kay Bond (Non-Executive Director) as long term incentives in accordance with the Company's remuneration policy.

5. Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

No

6a Is the entity an +eligible entity 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 resolution under rule 7.1A was passed

6c Number of +securities issued without security holder approval under rule 7.1

6d Number of +securities issued with security holder approval under rule 7.1A

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

6f Number of +securities issued under an exception in rule 7.2

6g If +securities issued under rule 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 rule 7.1A for non‐cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

Not applicable as the Company is no longer an eligible entity.

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

21 December 2015

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and +class of all

+securities quoted on ASX (including the +securities in section 2 if applicable)

1. Number and +class of all

   +securities not quoted on ASX (including the +securities in section 2 if applicable)

   
   

   As per existing Ordinary Shares.

2. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

   
   

   Part 2 - Pro rata issue

   Part 2 not applicable.

3. Is security holder approval required?

   
   

4. Is the issue renounceable or non‐ renounceable?

   
   

5. Ratio in which the +securities will be offered

14 +Class of +securities to which the offer relates

15 +Record date to determine entitlements

1. Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

   
   

2. Policy for deciding entitlements in relation to fractions

   
   

3. Names of countries in which the entity has security holders who will not be sent new offer documents

   Note: Security holders must be told how their entitlements are to be dealt with.

   Cross reference: rule 7.7.

   
   

4. Closing date for receipt of acceptances or renunciations