CENTRAL PETROLEUM LIMITED — Proxy Solicitation & Information Statement 2017

May 9, 2017

ASX ANNOUNCEMENT AND MEDIA RELEASE

ASX CODE: CTP

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10 May 2017

SHAREHOLDER INFORMATION SESSION

Concerning the Proposed Scheme of Arrangement

Central Petroleum Limited invites all shareholders to attend any of the following information sessions where the Company will explain the proposal outlined in the Information Booklet and respond to shareholder questions.

Central Petroleum Limited invites all shareholders to attend any of the following informationsessions where the Company will explain the proposal outlined in the Information Booklet andrespond to shareholder questions.	Central Petroleum Limited invites all shareholders to attend any of the following informationsessions where the Company will explain the proposal outlined in the Information Booklet andrespond to shareholder questions.
**LOCATION ****VENUE **ADDRESSDATETIME
BRISBANE	Christie Conference CentreMorgan Room, Level 1,320 Adelaide Street12 May10:00 am*
PERTH	Parmelia Hilton PerthFreemantle Room, Level 1,14 Mill Street17 May 10:00 am
SYDNEY	Christie Conference CentreYangtze Room, Mez Level,3 Spring Street19 May10:00 am
MELBOURNE	Patersons Securities LimitedBoardroom, Level 15,333 Collins Street22 May 10:30 am

Note: * Shareholders can participate in the Brisbane meeting by logging into: https://app.livestorm.co/centralpetroleum/ctp

General Disclaimer and explanation of terms:

This document may contain forward-looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which may be outside the control of the Company and could cause actual results to differ materially from these statements. These risks, uncertainties and assumptions include (but are not limited to) funding, exploration, commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals, cost estimates and other risk factors described from time to time in the Company's reports filed with the ASX. Actual values, results or events may be materially different to those expressed or implied in this document. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statement in this document is valid only at the date of issue of this document. Subject to any continuing obligations under applicable law and the ASX Listing Rules, or any other Listing Rules or Financial Regulators’ rules, the Company, its agents, directors, officers, employees, advisors and consultants do not undertake any obligation to publicly update or revise any information or any of the forward looking statements in this document if events, conditions or circumstances change or that unexpected occurrences happen to affect such a statement. Sentences and phrases are forward looking statements when they include any tense from present to future or similar inflection words, such as (but not limited to) "believe," "understand", "estimate," "anticipate," "plan," "predict," “target,” "may," "hope," "can," "will," "should," "expect," "intend," “projects”, "is designed to," "with the intent," "potential," the negative of these words or such other variations thereon or comparable terminology or similar expressions or future may indicate a forward looking statement or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts.

No right of the Company or its subsidiaries shall be waived arising out of this document. All rights are reserved.

Central Petroleum Limited T: +61 (0)7 3181 3800 ABN 72 083 254 308. F: +61 (0)7 3181 3855 Level 7, 369 Ann Street, Brisbane, QLD 4000, Australia info@centralpetroleum.com.au GPO Box 292, Brisbane, QLD 4001, Australia www.centralpetroleum.com.au

Media Enquiries Martin Debelle at Citadel-MAGNUS T: +61 (0)2 8234 0100 M: +61 (0)409 911 189