COMET RIDGE LIMITED — Director's Dealing 2017

Feb 6, 2017

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 December 2016

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 relevant interest.	Trudy Jasmine McCaul is the spouse of the Director
Date of change	2 February 2017
No. of securities held prior to change	Trudy J McCaul: 181,759 Ordinary shares Tor McCaul: 5,101,826 Ordinary Shares. Tor McCaul: 500,000 Performance Rights linked to 2P Reserve booking with expiry date of 31 December 2016. Tor McCaul: 500,000 Performance Rights linked to gas flow performance of Mahalo Pilot. Expiring 31 December 2016 Tor McCaul: 2,000,000 Performance Rights linked to the booking of 2P reserves for the Company. Expiring 31 December 2019

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Unlisted Performance Rights
Number acquired	Nil
Number disposed	Tor McCaul: 1,000,000 Performance Rights
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Trudy J McCaul: 181,759 Ordinary shares Tor McCaul: 5,101,826 Ordinary Shares. Tor McCaul: 2,000,000 Performance Rights linked to the booking of 2P reserves for the Company. Expiring 31 December 2019
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Lapse and non vesting of 1,000,000 Performance Rights issued under the Comet Ridge 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

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 above traded during a[+] closed period where prior written clearance was required?

If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?

No Not Applicable Not Applicable

• See chapter 19 for defined terms.

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