CENTRAL PETROLEUM LIMITED — Director's Dealing 2012

Dec 13, 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 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 Ian Cottee
Date of last notice	27 November 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

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.	The securities were purchased by Mamdal Superannuation Pty Ltd A/C>. Mr Cottee is a beneficiary of the Mamdal Super Fund.
Date of change	14 December 2012
No. of securities held prior to change	(a)48,418,169 unlisted options exercisable at 9 cents on or before 15 November 2015 (b) 55,335,051 and 69,168,813 unlisted options exercisable at 9 cents on or before 15 November 2017 (with entitlement to exercise at different vesting hurdles). (c) 463,415ordinaryshares
Class	Ordinary shares
Number acquired	50,000 shares

• See chapter 19 for defined terms.

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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	$6,000.00 (12.0 cents per share)
No. of securities held after change	(a) 48,418,169 unlisted options exercisable at 9 cents on or before 15 November 2015 (b) 55,335,051 and 69,168,813 unlisted options exercisable at 9 cents on or before 15 November 2017 (with entitlement to exercise at different vesting hurdles). (c) 513,415 ordinary shares
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	On market trade

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed 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.

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