CENTRAL PETROLEUM LIMITED — Proxy Solicitation & Information Statement 2012

May 10, 2012

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ASX ANNOUNCEMENT

ASX CODE: CTP

11 May 2012

TO: The Manager, Company Announcements ASX Limited

Correction : Notice of General Meeting and Proxy Form

Attached is a copy of the Proxy Form which was mailed to all shareholders with the Notice of General Meeting but was not included with the Notice of General Meeting released to ASX earlier today.

Yours faithfully

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Bruce Elsholz Joint Company Secretary

Attach: Proxy Form

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Lodge your vote:



Online:

www.investorvote.com.au

P E T R O L E U M L I M I T E D

ABN 72 083 254 308

000001 000 CTP MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

 By Mail: Computershare Investor Services Pty Limited GPO Box 242 Melbourne Victoria 3001 Australia

Alternatively you can fax your form to (within Australia) 1800 783 447 (outside Australia) +61 3 9473 2555

For Intermediary Online subscribers only (custodians) www.intermediaryonline.com

For all enquiries call:

(within Australia) 1300 850 505 (outside Australia) +61 3 9415 4000

Voting Form



Vote online 24 hours a day, 7 days a week:

www.investorvote.com.au

Your secure access information is: Cast your vote or appoint a proxy Control Number: 999999 Review and update your securityholding SRN/HIN: I9999999999 PIN: 99999  PLEASE NOTE: For security reasons it is important that you keep your SRN/HIN confidential.

 For your vote to be effective it must be received by 2:00pm (WST) Wednesday 20 June 2012

How to Vote on Items of Business

All your securities will be voted in accordance with your directions.

Vote Directly

Voting 100% of your holding: Mark either the For, Against or Abstain box opposite each item of business. Your vote will be invalid on an item if you do not mark any box OR you mark more than one box for that item.

Voting a portion of your holding: Indicate a portion of your voting rights by inserting the number of securities you wish to vote in the For, Against or Abstain box or boxes. The sum of the votes cast must not exceed your voting entitlement.

Appoint a Proxy to Vote on Your Behalf

Voting 100% of your holding: Direct your proxy how to vote by marking one of the boxes opposite each item of business. If you do not mark a box your proxy may vote as they choose. If you mark more than one box on an item your vote will be invalid on that item. Voting a portion of your holding: Indicate a portion of your voting rights by inserting the percentage or number of securities you wish to vote in the For, Against or Abstain box or boxes. The sum of the votes cast must not exceed your voting entitlement or 100%. Appointing a second proxy: You are entitled to appoint up to two proxies to attend the meeting and vote on a poll. If you appoint two proxies you must specify the percentage of votes or number of securities for each proxy, otherwise each proxy may exercise half of the votes. When appointing a second proxy write both names and the percentage of votes or number of securities for each in Step 1 overleaf.

Signing Instructions for Postal Forms

Individual: Where the holding is in one name, the securityholder must sign.

Joint Holding: Where the holding is in more than one name, all of the securityholders should sign.

Power of Attorney: If you have not already lodged the Power of Attorney with the registry, please attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies: Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please sign in the appropriate place to indicate the office held. Delete titles as applicable.

Attending the Meeting

Bring this form to assist registration. If a representative of a corporate securityholder or proxy is to attend the meeting you will need to provide the appropriate “Certificate of Appointment of Corporate Representative” prior to admission. A form of the certificate may be obtained from Computershare or online at www.investorcentre.com under the information tab, "Downloadable Forms".

Comments & Questions: If you have any comments or questions for the company, please write them on a separate sheet of paper and return with this form.

GO ONLINE TO VOTE,  or turn over to complete the form

A proxy need not be a securityholder of the Company.

916CR_0_Sample_Proxy/000001/000001/i

MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

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I9999999999
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Change of address. If incorrect, mark this box and make the correction in the space to the left. Securityholders sponsored by a I9999999999 broker (reference number commences with ’ X ’) should advise their broker of any changes. I 9999999999 I ND

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Voting Form

Please mark

to indicate your directions

Indicate How your Vote will be Cast

XX

Select one option only

At the General Meeting of Central Petroleum Limited to be held at the Duxton Hotel Perth, No. 1 St George's Terrace, Perth, Western Australia on Friday, 22 June 2012 at 2:00pm (WST) and at any adjournment of that meeting, I/We being member/s of Central Petroleum Limited direct the following:

I/We hereby appoint  PLEASE NOTE: Leave this box blank if you have selected the Chairman of the Meeting. Do not insert your own name(s).

2. Appoint a Proxy to Vote on Your Behalf:

1. Vote Directly

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Record my/our votes strictly in accordance with directions in Step 2. OR

the Chairman OR of the Meeting

 PLEASE NOTE: A Direct Vote will take priority over the appointment of a Proxy. For a valid Direct Vote to be recorded you must mark FOR, AGAINST, or ABSTAIN on each item.

or failing the individual or body corporate named, or if no individual or body corporate is named, the Chairman of the Meeting, as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions (or if no directions have been given, as the proxy sees fit).

PLEASE NOTE: If you mark the Abstain box for an item, you are directing your proxy not to vote on your behalf on a show of hands or a poll and your votes will not be counted in computing the required majority.

Items of Business 

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Resolution	1	Ratification of Prior Issue of Shares - February Placement
Resolution	2	Ratification of Prior Issue of Shares - April Placement
Resolution	3	Approval for Placement of Options
Resolution	4	Re-election of Director - Mr Andrew Philip Whittle
Resolution	5	Re-election of Director - Mr Bruce William Elsholz
Resolution	6	Removal of Director - Mr John Phillip Heugh
Resolution	7	Appointment of Director - Mr Simon Philis
Resolution	8	Appointment of Director - Mr Colin Robert Goodall
Resolution	9	Appointment of Director - Mr Peter Cockcroft
Resolution	10	Removal of Director - Mr William John Dunmore
Resolution	11	Removal of Director - Mr Richard Waddy Faull
Resolution	12	Removal of Director - Dr Henry Jan Askin

The Chairman of the Meeting intends to vote undirected proxies in favour of each item of business.

SIGN

Signature of Securityholder(s) [This section must be completed.]

Individual or Securityholder 1 Securityholder 2 Securityholder 3 Sole Director and Sole Company Secretary Director Director/Company Secretary Contact Contact Daytime Name Telephone Date

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