Name:

Title:

Completion of Indonesian Arbitration

Appendix 3B

Company Contact:

   James Garton

   Phone: + 61 8 6313 3975

   Email:   james@missionnewenergy.com

Company Contact:

   James Garton

   Phone: + 61 8 6313 3975

   Email: james@missionnewenergy.com

+Class of +securities issued or to be issued

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

Do the +securities rank equally in all respects from the date of allotment 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

Issue price or consideration

Purpose of the issue

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

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

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

Dates of entering +securities into uncertificated holdings or despatch of certificates

Number and +class of all +securities quoted on ASX (including the securities in section 2 if applicable)

25,870,275

Series 4 Convertible Notes. Convertible to 153,477,716 Fully Paid Ordinary Shares subject to adjustments in accordance with the Terms and Conditions of the Notes.

Is security holder approval required?

Policy for deciding entitlements in relation to fractions

Names of countries in which the entity has +security holders who will not be sent new issue documents

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

Cross reference: rule 7.7.

Date rights trading will end (if applicable)

+Despatch date

Number of securities for which +quotation is sought

Class of +securities for which quotation is sought

Do the +securities rank equally in all respects from the date of allotment 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

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Add the following:

•      Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2

•      Number of fully paid ordinary securities issued in that 12 month period with shareholder approval

•      Number of partly paid ordinary securities that became fully paid in that 12 month period

Note:

•      Include only ordinary securities here – other classes of equity securities cannot be added 

•      Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed 

•      It may be useful to set out issues of securities on different dates as separate line items

Subtract the number of fully paid ordinary securities cancelled during that 12 month period

0.15

[Note: this value cannot be changed]

Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued:

 •      Under an exception in rule 7.2

 •      Under rule 7.1A

 •      With security holder approval under rule 7.1 or rule 7.4

Note:

•      This applies to equity securities, unless specifically excluded – not just ordinary securities 

•      Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed 

•      It may be useful to set out issues of securities on different dates as separate line items

“A” x 0.15

Note: number must be same as shown in Step 2

Subtract “C”

Note: number must be same as shown in Step 3

[Note: this is the remaining placement capacity under rule 7.1]

“A”

Note: number must be same as shown in Step 1 of Part 1

0.10

Note: this value cannot be changed

Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Notes:

•      This applies to equity securities – not just ordinary securities

•      Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed

•      Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

•      It may be useful to set out issues of securities on different dates as separate line items

“A” x 0.10

Note: number must be same as shown in Step 2

Subtract “E”

Note: number must be same as shown in Step 3

Note: this is the remaining placement capacity under
rule 7.1A