CENTRAL PETROLEUM LIMITED — Director's Dealing 2009

Jun 25, 2009

26 June 2009

The Manager Company Announcements Office ASX Limited Exchange Plaza 2 The Esplanade

Dear Sir

Change of Director’s Interest Notice Appendix 3Y

Please find attached Appendix 3Y notices for the Change of Director’s Interests related to Henry Askin and Richard Faull.

Yours faithfully

Julian Tambyrajah Chief Financial Officer & Company Secretary

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 CENTRAL PETROLEUM LIMITED ABN 72 083 254 308

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	Henry Jan ASKIN
Date of last notice	12 June 2009

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	a) Direct b)Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Askin Nominees Pty Ltd (as trustee for the Askin Superannuation Fund, in which the Director is a beneficiary).
Date of change	19 June 2009
No. of securities held prior to change	b) 960,000 ordinary fully paid shares. a) 400,000 options over ordinary fully paid shares exercisable at 20 cents each on or before 31 May 2010. a) 400,000 options over ordinary fully paid shares exercisable at 25 cents on or before 30 June 2010. a) 2,000,000 options over ordinary fully paid shares exercisable at 28c/33c/37c/43c/50c on or before 3 January 2012. b) 240,000 ordinary fully paid shares. b) 2,500,000 options exercisable at 22c/25c/28c/32c/37c on or before 31 March 2014.
Class	b) - Fully paid ordinary shares - Listed Options exercisable at 16c on or before 31 March 2014.
Number acquired	b) - 1,200,000 fully paid ordinary shares, - 600,000 listed options issued holders (free)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	None
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	b) $120,000.
No. of securities held after change	b) 2,160,000 ordinary fully paid shares. a) 400,000 options over ordinary fully paid shares exercisable at 20 cents each on or before 31 May 2010. a) 400,000 options over ordinary fully paid shares exercisable at 25 cents on or before 30 June 2010. a) 2,000,000 options over ordinary fully paid shares exercisable at 28c/33c/37c/43c/50c on or before 3 January 2012. b) 240,000 ordinary fully paid shares. b) 2,500,000 options exercisable at 22c/25c/28c/32c/37c on or before 31 March 2014. b) 600,000 listed options exercisable at 16c on or before 31 March 2014.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	b) Accepted Renounceable Rights Issue

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

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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 CENTRAL PETROLEUM LIMITED ABN 72 083 254 308

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	Richard Waddy FAULL
Date of last notice	12 June 2009

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	(a) Direct (b)Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	St Leonard’s Investments Pty Ltd (a company in which the Director has a relevant interest).
Date of change	19 June 2009
No. of securities held prior to change	(a) 1,200,001 ordinary fully paid shares. (b) 480,000 ordinary fully paid shares. (a) 1,000,000 options exercisable at 20 cents on or before 31 May 2010. (a) 500,000 options exercisable at 25 cents on or before 30 June 2010. (a) 2,000,000 options exercisable at 28, 33, 37, 43, 50 cents on or before 3 January 2012. (a) 1,250,000 options exercisable at 22, 25, 28, 32, 37 cents on or before 31 March 2014.
Class	(a) - Fully paid ordinary shares - Listed Options exercisable at 16c on or before 31 March 2014.
Number acquired	(a) 631,099 ordinary fully paid shares. (a) 315,550 options exercisable at 16 cents on or before 31 March 2014.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$63,109.90
No. of securities held after change	(a) 1,831,100 ordinary fully paid shares. (b) 480,000 ordinary fully paid shares. (a) 1,000,000 options exercisable at 20 cents on or before 31 May 2010. (a) 500,000 options exercisable at 25 cents on or before 30 June 2010. (a) 2,000,000 options exercisable at 28, 33, 37, 43, 50 cents on or before 3 January 2012. (a) 1,250,000 options exercisable at 22, 25, 28, 32, 37 cents on or before 31 March 2014 (a) 315,550 options exercisable at 16 cents on or before 31 March 2014.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acceptance of renounceable rights issue offer.

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

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