BANNERMAN ENERGY LTD — Director's Dealing 2017

Dec 18, 2017

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	Mike Leech
Date of last notice	12 April 2017

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	19 December 2017
No. of securities held prior to change	Nil
Class	Non-Executive Director Options (Unlisted)
Number acquired	3,839,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$53,142 representing 33% of annual director remuneration and $24,629 representing remuneration incentives issued for a 40% reduction in cash remuneration for the period 12 April 2017 to 30 June 2018. Both issued in

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

	accordance with the terms of the Non-Executive Director Share Incentive Plan (NEDSIP) as approved by shareholders on 23 November 2017.
No. of securities held after change	Direct: 3,839,000 Non-Executive Director Options (Unlisted) exercisable at A$0.069 per share and expiring 15 November 2020
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Grant of Non-Executive Director Options pursuant to the terms of the Non-Executive Director Share 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
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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: 19 December 2017

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3