Appendix 3E Daily share buy-back notice

Appendix 3E

Daily share buy-back notice (except minimum holding buy-back and selective buy-back)

Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/9/99. Origin: rule 3.6, Appendix 7C. Amended 30/9/2001, 11/01/10

Rule 3.8A

Name of entity ABN/ARSN

61 058 454 569
Icon Energy Limited
We (the entity) give ASX the following information.

Information about buy-back

1 Type of buy-back On-market buy-back

2 Date Appendix 3C was given to

ASX

26 February 2015

Total of all shares/units bought back, or in relation to which acceptances have been received, before, and on, previous day

Before previous day

Previous day

21 May 2015

3 Number of shares/units bought back or if buy-back is an equal access scheme, in relation to which acceptances have been received

8,228,929 500,000

4 Total consideration paid or payable for the shares/units

$581,069.51 $27,284.00

+ See chapter 19 for defined terms.

11/01/2010 Appendix 3E Page 1

Appendix 3E

Daily share buy-back notice

Before previous day

Previous day

21 May 2015

5 If buy-back is an on-market buy-back

highest price paid:
date: $0.091
lowest price paid:
date: $0.052
highest price paid:
$0.054
lowest price paid:
$0.053
highest price allowed under rule 7.33:
$0.055

Participation by directors

6 Deleted 30/9/2001. NA

How many shares/units may still be bought back?

7 If the company/trust has disclosed an intention to buy back a maximum number of shares/units - the remaining number of shares/units to be bought back

The company does not intend to buy back more shares than the maximum number of shares allowable under the 10/12 limit

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.

or, for trusts only:

1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust's constitution, relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.
Sign here: ........................................................................ Date: 22 May 2015 (Executive Director/CFO/Company Secretary)
Print name: Kevin Jih

+ See chapter 19 for defined terms.

Appendix 3E Page 2 11/01/2010