CENTRAL PETROLEUM LIMITED — Director's Dealing 2021

Mar 7, 2021

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 followingthe director for thepurposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Leon Goss Devaney
Date of last notice	4 December 2020

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	Direct.
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A.
Date of change	4 March 2021
No. of securities held prior to change	(a)2,606,757 Ordinary Shares (Direct).(b)3,223,905ShareRights(CTPAA)pursuant to Central Petroleum Limited’sLong Term and Short Term IncentivePlans.(c)5,105,000 Unlisted Options pursuant toCentral Petroleum Limited’s ExecutiveShare Option Plan.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	CTPAA – Share Rights
Number acquired	Nil
Number disposed	890,625
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	N/A
No. of securities held after change	(a)2,606,757 Ordinary Shares (Direct).(b)2,333,280ShareRights(CTPAA)pursuant to Central Petroleum Limited’sLong Term and Short Term IncentivePlans.(c)5,105,000 Unlisted Options pursuant toCentral Petroleum Limited’s ExecutiveShare Option Plan.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Cancellation of 890,625 Unvested ShareRights issued under the Company’s LongTerm Incentive Plan.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

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