AGL ENERGY LIMITED. — Director's Dealing 2009

May 10, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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 30/9/2001.

Name of entity AGL ENERGY LIMITED ABN 74 115 061 375

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	JEREMY MAYCOCK
Date of last notice	6 APRIL 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	BROOKFIELD SUPERANNUATION PTY LTD (As trustee for Brookfield Super Fund) JCR & EJ MAYCOCK FAMILY TRUST
Date of change	4 MAY 2009
No. of securities held prior to change	BROOKFIELD SUPERANNUATION PTY LTD (As trustee for Brookfield Super Fund) - 16,529 JCR & EJ MAYCOCK FAMILY TRUST – 10,299 DIRECT–18,792
Class	ORDINARY SHARES
Number acquired	NIL – Transfer between indirect interests only
Number disposed	NIL

• See chapter 19 for defined terms. Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$15.44 per share
No. of securities held after change	BROOKFIELD SUPERANNUATION PTY LTD (As trustee for Brookfield Super Fund) – 26,828 JCR & EJ MAYCOCK FAMILY TRUST – 0 DIRECT – 18,792
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	TRANSFER BETWEEN INDIRECT INTERESTS.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms. Page 2