COMET RIDGE LIMITED — Director's Dealing 2014

Oct 12, 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	2 August 2013

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)	Trudy Jasmine McCaul is the spouse of the
Note: Provide details of the circumstances giving rise to the relevant	Director
interest.
Date of change	10 October 2014
No. of securities held prior to change
	Trudy J McCaul: 156,250 ordinary shares
	Tor McCaul: 4,053,750 Ordinary Shares.
Class
	Ordinary Fully Paid Shares
Number acquired
	Tor McCaul: 500,000 Performance Rights
	linked to 2P Reserve booking with expiry date
	of 1 July 2015

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	NIL
Value/Consideration	Non – Cash: Assuming vesting criteria met
Note: If consideration is non-cash, provide details and estimatedvaluation	for all Performance Rights - AUS$77,500.00estimated based the closing price of Comet
	Ridge Limited’s ordinary shares as at 9
	October 2014.
No. of securities held after change
	Trudy J McCaul: 156,250 ordinary shares
	Tor McCaul: 4,053,750 Ordinary Shares.
	Tor McCaul: 500,000 Performance Rights
	linked to 2P Reserve booking with expiry date
	of 1 July 2015
Nature of change
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of Performance Rights (approved byshareholders at the Comet Ridge 2013 AGM)to the Managing Director as an employee
	under the Comet Ridge Limited Employee
	Performance Rights Plan.

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 Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	NO
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3