BANNERMAN ENERGY LTD — Director's Dealing 2011

Dec 21, 2011

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	Bannerman Resources Limited
ABN	34 113 017 128

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	David Tucker
Date of last notice	2 September 2011

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.	Securities held by Western River Pty Ltd, a company in which Mr Tucker has a relevant interest.
Date of change	21 December 2011

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Indirect: Western River Pty Ltd **Family A/C> 250,000 Director Options (Unlisted) exercisable at A$4.00 per share and expiring 1 September 2012. David Cecil Tucker and Jane Frances Tucker 106,940 Fully Paid Ordinary Shares. 92,300 Non-Executive Director Options (Unlisted) exercisable at A$1.45 per share and expiring 25 November 2012. 128,250 Non-Executive Director Options (Unlisted) exercisable at A$0.77 per share and expiring 22 November 2013.
Class	Non-Executive Director Share Rights (Unlisted)
Number acquired	211,300
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$60,000 representing 50% of annual director remuneration issued in accordance with the terms of the Non-Executive Director Share Incentive Plan (NEDSIP) as approved by shareholders on 17 November 2011.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Indirect: Western River Pty Ltd **Family A/C> 250,000 Director Options (Unlisted) exercisable at A$4.00 per share and expiring 1 September 2012. 211,300 Non-Executive Director Share Rights (Unlisted) vesting on 17 November 2012. David Cecil Tucker and Jane Frances Tucker 106,940 Fully Paid Ordinary Shares. 92,300 Non-Executive Director Options (Unlisted) exercisable at A$1.45 per share and expiring 25 November 2012. 128,250 Non-Executive Director Options (Unlisted) exercisable at A$0.77 per share and expiring 22 November 2013.

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

Off-market pursuant to the terms of the NEDSIP.

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written **clearance was required? **	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Date of this Notice: 22 December 2011

• See chapter 19 for defined terms.

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