COMET RIDGE LIMITED — Director's Dealing 2014

Dec 9, 2014

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 COMET RIDGE LIMITED ABN 47 106 092 577

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	TOR MCCAUL
Date of last notice	25 November 2014

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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Trudy Jasmine McCaul is the spouse of theDirector
Date of change	8 December 2014
No. of securities held prior to change	Trudy J McCaul: 174,768 Ordinary sharesTor McCaul: 4,164,861 Ordinary Shares.Tor McCaul: 500,000 Performance Rightslinked to 2P Reserve booking with expiry dateof 1 July 2015
Class	Ordinary Fully Paid Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	Number acquired	Tor McCaul: 740,740 Ordinary Fully PaidShares
Number disposed		NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		Tor McCaul: $100,000.00 (740,740 shares at$0.135 per share)
		$0.135 per share)
No. of securities held after change	No. of securities held after change	Trudy J McCaul: 174,768 Ordinary sharesTor McCaul: 4,905,601 Ordinary Shares.Tor McCaul: 500,000 Performance Rightslinked to 2P Reserve booking with expiry datof 1 July 2015
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back		Participation in 2014 Conditional Placementto institutions and sophisticated investors.

Part 2 – Change of director’s interests in contracts N/A

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 N/A 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 above traded during a[+] closed period where prior written NO 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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