56,863,569 Ordinary Shares of Target Energy Limited are subject to a Lock-Up Agreement Ending on 3-DEC-2014. These Ordinary Shares will be under lockup for 22 days starting from 11-NOV-2014 to 3-DEC-2014.

Details:
The Directors and shareholders of the company have agreed not to dispose of any shares of the company for a period starting from the date of quotation of the offer shares on Australia Stock Exchange, November 19, 2014.

Certain shares of the company are subject to lock-up until the performance conditions are satisfiedand the employee share loan is repaid.