Gas2Grid : Response to ASX Price Query

16 September 2020

ASX limited

Listings Compliance (Sydney)

Reference: ODIN24456

By email: [e-mail]

Attention: Lin Kang ‐ Adviser

Dear Ms Kang,

Gas2Grid Limited ("GGX"): Price - Query

We refer to your letter dated 16 September 2020 and provide answers to the list of questions as numbered in the letter.

1. No.
2. Not applicable,
3. No.
4. We confirm compliance with the Listing Rules and, in particular, Listing Rule 3.1.
5. We confirm.

The responses in this letter have been authorised by:

Dennis Morton - Managing Director	Patrick Sam Yue - Executive Director/Company Secretary
Contact: 0412 995 696	Contact: 0407 376 688

Gas2Grid Limited	Suite 22 Level 5, 58 Pitt Street	PO Box R1911	T [phone]
ABN 46 112 138 780	Sydney NSW 2000	Royal Exchange NSW 1225
www.gas2grid.com	Australia	Australia	[e-mail]

16 September 2020

Reference: ODIN24456

Mr Patrick Yue

Company Secretary

Gas2Grid Limited

Suite 22

Level 5 58 Pitt Street

Sydney NSW 2000

By email

Dear Mr Yue

Gas2Grid Limited ('GGX'): Price - Query

ASX refers to the following:

1. The change in the price of GGX's securities from a close of $0.002 yesterday to an intraday high of $0.005 as at the time of this letter.
2. The significant increase in the volume of GGX's securities traded today.

Request for information

In light of this, ASX asks GGX to respond separately to each of the following questions and requests for information:

1. Is GGX aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
2. If the answer to question 1 is "yes".
3. 1. Is GGX relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in GGX's securities would suggest to ASX that such information may have ceased to be confidential and therefore GGX may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is "yes", you need to contact us immediately to discuss the situation.
   2. Can an announcement be made immediately? Please note, if the answer to this question is "no", you need to contact us immediately to discuss requesting a trading halt (see below).
   3. If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
4. If the answer to question 1 is "no", is there any other explanation that GGX may have for the recent trading in its securities?
5. Please confirm that GGX is complying with the Listing Rules and, in particular, Listing Rule 3.1.
6. Please confirm that GGX's responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of GGX with delegated authority from the board to respond to ASX on disclosure matters.

ASX Limited [[Listings]]

ASX Customer Service Centre 131 279 | asx.com.au

When and where to send your response

This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 4:30 PM AEST Wednesday, 16 September 2020. You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, GGX's obligation is to disclose the information 'immediately'. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require GGX to request a trading halt immediately.

Your response should be sent to me by e-mail at [e-mail]. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is "yes" and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in GGX's securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:

• the reasons for the trading halt;
• how long you want the trading halt to last;
• the event you expect to happen that will end the trading halt;
• that you are not aware of any reason why the trading halt should not be granted; and
• any other information necessary to inform the market about the trading halt, or that we ask for.

We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.

Suspension

If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in GGX's securities under Listing Rule 17.3.

Listing Rules 3.1 and 3.1A

In responding to this letter, you should have regard to GGX's obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 - 3.1B. It should be noted that GGX's obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.

Release of correspondence between ASX and entity

We reserve the right to release a copy of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A.

Questions

If you have any questions in relation to the above, please do not hesitate to contact me.

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ASX Customer Service Centre 131 279 | asx.com.au

Kind regards

Lin Kang

Adviser, Listings Compliance (Sydney)

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ASX Customer Service Centre 131 279 | asx.com.au