CARNEGIE CLEAN ENERGY LIMITED — Director's Dealing 2012

Jan 3, 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	CARNEGIE WAVE ENERGY LIMITED
ABN	69 009 237 736

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	JEFFREY HARDING
Date of last notice	31 DECEMBER 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	Shares held by Jeffrey Harding as trustee for
(including registered holder)	<The Harding Super Fund A/c>
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	3 January 2012
No. of securities held prior to change	230,000 Ordinary Fully Paid Shares
Class	Ordinary
Number acquired	60,000
Number disposed	-
Value/Consideration	$3,000
Note: If consideration is non‐cash, provide details and estimated
valuation
No. of securities held after change	290,000 Ordinary Fully Paid Shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Shares issued pursuant to the Company’s Example: on‐market trade, off‐market trade, exercise of options, issue Share Purchase Plan. 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	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 changeNote: Details are only required for a contract inrelation to which the interest has changed
	Interest acquired		‐
	Interest disposed		‐
	Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation		‐
	Interest after change		‐

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was 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 thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011