BANNERMAN ENERGY LTD — Director's Dealing 2012

Dec 12, 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	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	29 November 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
Nature of indirect interest	N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to
the relevant interest.
Date of change	13 December 2012
No. of securities held prior to change	Indirect
	Alexandra M. Jubber
	554,440 Fully Paid Ordinary Shares
	HSBC Custodian Nominees (Australia) Limited
	<Jubber Super Fund A/C>
	315,159 Fully Paid Ordinary Shares
	Direct
	1,654,110Performance Rights (Unlisted) as follows:
	491,734CEO Performance Rights vesting(subject to
	performance hurdles) on 22 November 2013
	1,162,376 CEO Performance Rights vesting (subject to
	performance hurdles) on 17 November 2014

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

		3,000,000Options (Unlisted) exercisable as follows:Vested Options:1,500,000 Options exercisable at A$0.543 per share andexpiring on 17 November 2013Unvested Options, subject to performance hurdles:1,500,000 Options exercisable at A$0.678 per share andexpiring on 17 November 2014
Class		Performance Rights (Unlisted)
Number acquired		2,925,900
Number disposed		N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation		A$231,250–performancerightsapprovedbyshareholders at the Company’s November 2012 AGMcalculated by reference to 50% of the CEO’s annualsalary and the 20 trading day VWAP up to the AGM on21 November 2012.
No. of securities held after change		IndirectAlexandra M. Jubber554,440 Fully Paid Ordinary SharesHSBC Custodian Nominees (Australia) Limited<Jubber Super Fund A/C>315,159 Fully Paid Ordinary SharesDirect4,580,010Performance Rights (Unlisted) as follows:491,734CEO Performance Rights vesting (subject toperformance hurdles) on 22 November 20131,162,376 CEO Performance Rights vesting (subject toperformance hurdles) on 17 November 20142,925,900 CEO Performance Rights vesting (subject toperformance hurdles) on 21 November 2015.3,000,000Options (Unlisted) exercisable as follows:Vested Options:1,500,000 Options exercisable at A$0.543 per shareand expiring on 17 November 2013Unvested Options, subject to performance hurdles:1,500,000 Options exercisable at A$0.678 per shareand expiring on 17 November 2014
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back		Grant of Performance Rights pursuant to the terms ofthe Employee Incentive Plan and in accordance withshareholder approval on 21 November 2012.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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

Date of this Notice: 13 December 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3