BOSS ENERGY LTD — Director's Dealing 2010

Oct 19, 2010

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 Boss Energy Limited ABN 38 116 834 336

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 Joseph Obeid Date of last notice 25 May 2010

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.	A portion of the securities are held by the trustee of The Joseph Obeid Superannuation Fund. Mr Obeid is a beneficiary of that superannuation fund. A portion of the securities are held by Bodyguard Security Services Pty Ltd. Mr Obeid’s spouse is a director of Bodyguard Security Services Pty Ltd. A portion of the securities are held by Janola Crest Pty Ltd. Mr Obeid is a director of Janola Crest Pty Ltd. A portion of the securities are held by Mr Obeid’s spouse.
Date of change	18 October 2010
No. of securities held prior to change	5,342,000 Ordinary Fully Paid Shares 3,469,500 Options (Listed)
Class	Options (Listed)
Number acquired	Nil
Number disposed	200,000

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation $1,800

No. of securities held after change 5,342,000 Ordinary Fully Paid Shares 3,269,500 Options (Listed) Nature of change On market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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 Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002