AUSTRALIAN PACIFIC COAL LIMITED — Director's Dealing 2012

May 20, 2012

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 30/09/01 Amended 01/01/11

Name of entity AUSTRALIAN PACIFIC COAL LIMITED

ABN 49 086 206 986

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	PAUL JAMES BYRNE
Date of last notice	9 May 2012

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	Direct and Indirect Interest
Nature of indirect interest	See attached schedule
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	14 May 2012 and 18 May 2012
No. of securities held prior to change	See attached schedule
	91,099,703 Ordinary Shares (AQC)
Class	Ordinary Shares
Number acquired	14 May 2012 250,000
	18 May 2012 1,000,000
Number disposed	Nil
Value/Consideration	14 May 2012 $7,500.00
Note: If consideration is non-cash, provide details and estimated valuation	18 May 2012 $29,000.00
No. of securities held after change	See attached schedule
	92,349,703 Ordinary Shares (AQC)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On-market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
**clearance was required? **
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

PAUL JAMES BYRNE

DIRECT & INDIRECT RELEVANT INTERESTS IN SECURITIES OF AUSTRALIAN PACIFIC COAL LIMITED

DESCRIPTION	Direct	Indirect	Indirect	Indirect
HOLDER	Paul James Byrne	Moray Holdings (Qld)Pty Ltd	E.A. Byrne Henderson	B J Byrne Nominees
RELATIONSHIP	Self	Sole Director &Shareholder	Mother	Mother
Securities heldprior to change:
Ordinary Shares(AQC)	39,701,484	15,608,333	29,306,553	6,483,333
Details of Change:
Date	14 May 2012and 18 May2012
Numberpurchased(sold)	1,250,000
Value	$36,500
Nature	On-Market Trade
Securities held after change:
Ordinary Shares(AQC)	40,951,484	15,608,333	29,306,553	6,483,333

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3