BEACH ENERGY LIMITED — Director's Dealing 2012

May 6, 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 30/9/2001.

Name of entity Beach Energy Limited

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	ROBERT MICHAEL KENNEDY
Date of last notice	26 March 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

Direct or indirect interest	Direct and Indirect
Nature of indirect interest	Mandurang Pty Ltd (Trustee of family
(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	trust) and Triple Eight Gold Pty Ltd astrustee of the Blue Sky Trust of which
	Robert Michael Kennedy is one of a class
	of persons who may be a beneficiary and
	RMK Super Pty Ltd (RMK Personal S/F
	A/C)
Date of change	3 May 2012
No. of securities held prior to change	10,140 fully paid ordinary shares by RMK
	Super Pty Ltd (RMK Personal S/F A/C)
	915,979 fully paid ordinary shares by
	Triple Eight Gold Pty Ltd (as trustee of
	the Blue Sky Trust)
	557,584 fully paid ordinary shares by
	Mandurang Pty Ltd
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	1,268 fully paid ordinary shares by RMKSuper Pty Ltd (RMK Personal S/F A/C)10,029 fully paid ordinary shares by TripleEight Gold Pty Ltd (as trustee of the BlueSky Trust)
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$1.40 per share
No. of securities held after change	11,408 fully paid ordinary shares by RMKSuper Pty Ltd (RMK Personal S/F A/C)926,008 fully paid ordinary shares byTriple Eight Gold Pty Ltd (as trustee ofthe Blue Sky Trust)557,584 fully paid ordinary shares byMandurang Pty Ltd
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Issue of securities under the 1 for 8 RetailEntitlement Offer which closed 20 April2012

Part 2 – Change of director’s interests in contracts N/A

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 interestrelated prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	N/A
Interest acquired	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

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 contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was this**provided? **	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

30/9/2001