BANNERMAN ENERGY LTD — Director's Dealing 2012

Jul 4, 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	8 February 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares held by Mr Jubber’s spouse, Alexandra M Jubber; and HSBC Custodian Nominees (Australia) Limited as trustee for the Jubber Superannuation Fund – a fund of which Mr Jubber is a beneficiary.
Date of change	1. On-market purchase – 29 June 2012 2. Vesting of performance rights – 5 July 2012
No. of securities held prior to change	Indirect Alexandra M. Jubber 241,940 Fully Paid Ordinary Shares HSBC Custodian Nominees (Australia) Limited 115,159 Fully Paid Ordinary Shares Direct 2,402,040Performance Rights (Unlisted) as follows: 680,600 CEO Performance Rights vesting on 22 November 2013; 312,500 DFS Performance Rights vesting on 1 July 2012; and 1,408,940 CEO Performance Rights vesting on 17 November 2014

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

		5,500,000Options (Unlisted) exercisable as follows: Vested Options: 2,500,000 Options exercisable at A$0.434 per share and expiring on 17 November 2012; and 1,500,000 Options exercisable at A$0.543 per share and expiring on 17 November 2013. Unvested Options, subject to performance hurdles: 1,500,000 Options exercisable at A$0.678 per share and expiring on 17 November 2014
Class		Ordinary Shares
Number acquired		1. 200,000 2. 312,500
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		1. $24,560 2. Nil
No. of securities held after change		Indirect Alexandra M. Jubber 554,440 Fully Paid Ordinary Shares HSBC Custodian Nominees (Australia) Limited 315,159 Fully Paid Ordinary Shares Direct 2,089,540Performance Rights (Unlisted) as follows: 680,600 CEO Performance Rights vesting on 22 November 2013; and 1,408,940 CEO Performance Rights vesting on 17 November 2014 5,500,000Options (Unlisted) exercisable as follows: Vested Options: 2,500,000 Options exercisable at A$0.434 per share and expiring on 17 November 2012; and 1,500,000 Options exercisable at A$0.543 per share and expiring on 17 November 2013. Unvested Options, subject to performance hurdles: 1,500,000 Options exercisable at A$0.678 per share and expiring on 17 November 2014

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change 1. On-market purchase Example: on-market trade, off-market trade, exercise of options, issue of securities under 2. Issued upon vesting of DFS performance rights dividend reinvestment plan, participation in buyback

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
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?	No
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: 5 July 2012

• See chapter 19 for defined terms.

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