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	Len Jubber
Date of last notice	4 July 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.

disclosed in this part.	disclosed in this part.
Direct or indirect inter
	Direct or indirect inter	st		Direct
	Nature of indirect inter(including registered h	estolder)		N/A
	Note: Provide details of theinterest.	circumstances giving rise to the relevant
	Date of change			21 Dece	mber 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:Alexandra M. Jubber241,940 Ordinary Fully Paid SharesThe Jubber Superannuation Fund54,000 Ordinary Fully Paid SharesDirect:Len Stanley Jubber2,500,000 Options exercisable at A$0.434pershareandexpiringon17 November 20121,500,000 Options exercisable at A$0.543pershareandexpiringon17 November 20131,500,000 Options exercisable at A$0.678pershareandexpiringon17 November 2014680,600CEO Performance Rights vestingon 22 November 2013312,500DFS Performance Rights vestingon 1 July 2012 (subject toshareholder approval)
Class		Employee Performance Rights (Unlisted)
Number acquired		1. 1,408,940 Employee Performance Rights(asapprovedbyshareholderson17 November 2011 and advised via anAppendix 3B on 17 November 2011); and2. 312,500 Employee Performance Rights(as announced on 4 July 2011 andsubsequently approved by shareholderson 17 November 2011).
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation		1. A$400,000–performancerightsapprovedbyshareholdersattheCompany’sNovember2011AGMcalculated by reference to the CEO’sannual salary and the 20 trading dayVWAP up to the AGM on 17 November2011; and2. A$82,800 – performance rights based onthe Company’s closing share price ofA$0.265 on 30 June 2011 (excluding anydiscount to reflect the probability ofsatisfaction of the relevant performancecriteria).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Indirect:Alexandra M. Jubber241,940 Ordinary Fully Paid SharesThe Jubber Superannuation Fund54,000 Ordinary Fully Paid SharesDirect:Len Stanley Jubber2,500,000 Options exercisable at A$0.434pershareandexpiringon17 November 20121,500,000 Options exercisable at A$0.543pershareandexpiringon17 November 20131,500,000 Options exercisable at A$0.678pershareandexpiringon17 November 2014680,600CEO Performance Rights vestingon 22 November 2013312,500DFS Performance Rights vestingon 1 July 20121,408,940 CEO Performance Rights vestingon 17 November 2014
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Off market pursuant to the Company’sEmployee Incentive Plan.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

==> picture [434 x 181] intentionally omitted <==

----- Start of picture text ----- No. and class of securities to which N/Ainterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide details and anestimated valuationInterest after change N/A----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed N/A 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 N/A this provided?

Date of this Notice: 22 December 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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