CENTRAL PETROLEUM LIMITED — Capital/Financing Update 2012

Apr 11, 2012

12 April 2012 Company Announcements Platform ASX Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

CENTRAL PETROLEUM LIMITED PLACEMENT– NOTICE PURSUANT TO SECTION 708A(5) OF THE CORPORATIONS ACT

On 12 April 2012, Central Petroleum Limited ( Company ) issued 130,000,000 fully paid ordinary shares at 8.5 cents per share by way of a placement to sophisticated and institutional investors to raise $11,050,000 pursuant to Section 708 of the Corporations Act 2001 (Cth) ( Corporations Act ).

Notice under section 708A(5)(e) of the Corporations Act

In accordance with Section 708A(5)(e) of the Corporations Act, the Company hereby advises that, in relation to the issue of those 130,000,000 shares:

(a)	the Company issued the 130,000,000 shares without disclosure to	the Company issued the 130,000,000 shares without disclosure to
	investors under Part 6D.2 of the Corporations Act;
(b)	this notice is given under Section 708A(5)(e) of the Corporations Act;
(c)	as at the date of this notice, the Company has complied with	the
	provisions of Chapter 2M of the Corporations Act as they apply to	the
	Company;
(d)	as at the date of this notice, the Company has complied with section
	674 of the Corporations Act;
(e)	as at the date of this notice, there is no information:
	(i)that has been excluded from a continuous disclosure notice in
	accordance with the ASX Listing Rules; and
	(ii)that investors and their professional advisers would reasonably
	require for the purpose of making an informed assessment of:
	(A)theassetsandliabilities,financialposition	and
	performance, profits and losses and prospects of	the
	Company; or
	(B)the rights and liabilities attaching to the shares.

Yours faithfully

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Dr Henry J Askin Chairman