BEACH ENERGY LIMITED — Director's Dealing 2011

May 31, 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 30/9/2001.

Name of entity	BEACH ENERGY LTD
ABN	20 007 617 969

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	REGINALD GEORGE NELSON
Date of last notice	3 DECEMBER 2010
Direct or indirect interest	DIRECT & INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	AURELIUS RESOURCES PTY LTD
Date of change	27 MAY 2011
No. of securities held prior to change	1,101,903 fully paid ordinary shares (by AureliusResources Pty Ltd) (Nelson SuperannuationFund)1,200,000 fully paid ordinary shares (in ownname)2,000,000 unlisted options expiring 30 November2013 (by Aurelius Resources Pty Ltd)2,000,000 unlisted options expiring 30 November2013 (by Aurelius Resources Pty Ltd)1,232,220 unlisted options expiring 30 November2013 (by Aurelius Resources Pty Ltd)2,035,000 unlisted options expiring 27 February2015 (in own name)2,500,000 unlisted rights (in own name) expiringon 30 November 2013 exercisable for nilconsideration and not exercisable before 1December 2011.

• See chapter 19 for defined terms.

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30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Class	Unlisted options issued under The BeachEnergyLimited LongTerm Incentive Plan
Number acquired	nil
Number disposed	814,000 options
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	nil
No. of securities held after change	1,101,903 fully paid ordinary shares (byAurelius Resources Pty Ltd) (NelsonSuperannuation Fund)1,200,000 fully paid ordinary shares (in ownname)2,000,000 unlisted options expiring 30November 2013 (by Aurelius Resources PtyLtd)2,000,000 unlisted options expiring 30November 2013 (by Aurelius Resources PtyLtd)1,232,220 unlisted options expiring 30November 2013 (by Aurelius Resources PtyLtd)1,221,000 unlisted options expiring 27February 2015 (in own name)2,500,000 unlisted rights (in own name)expiring on 30 November 2013 exercisablefor nil consideration and not exercisablebefore 1 December 2011.2,500,000 unlisted performance rights (inown name) expiring on 30 November 2015exercisable for nil consideration and notexercisable before 1 December 2013.
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Lapsed without exercise under the BeachEnergy Limited Long Term Incentive Plan

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

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 relatedprior to changeNote: Details are only required for a contract in relation towhich 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

Were the interests in the securities or contractsdetailed above traded during a+closed period whereprior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?	NA
If prior written clearance was provided, on what datewas this provided?	NA

Rule 3.19A.2

• See chapter 19 for defined terms.

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