COMET RIDGE LIMITED — Director's Dealing 2020

Feb 5, 2020

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	3 January 2020

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) Tor Raymond McCaul Note: Provide details of the circumstances giving rise to the relevant interest. Tor and Trudy McCaul Pty Ltd <TR & TJ MCCAUL S/F A/C> Trudy Jasmine McCaul is the spouse of the Director Date of change 31 January 2020

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change Trudy J McCaul: 211,546 Ordinary shares Tor McCaul: 4,129,507 Ordinary Shares. Tor and Trudy McCaul Pty Ltd <TR & TJ MCCAUL S/F A/C>: 2,160,000 Ordinary Shares Tor McCaul: 1,000,000 Performance Rights linked to the Mahalo JV resolving to proceed with the commercial development of the Mahalo Gas Project. Expiring 31 January 2020 Tor McCaul: 1,000,000 Performance Rights linked to the decision to proceed with the commercial development of the Albany Gas Project in the Galilee Basin. Expiring 31 January 2021 Tor McCaul: 750,000 Performance Rights linked to the delivery of first commercial gas production for the Comet Group. Expiring 31 December 2021 Tor McCaul: 750,000 Performance Rights linked to the production of commercial gas for a consecutive 30 days averaging 15TJ/d net to the Comet Group. Expiring 31 December 2022 Tor McCaul: 1,000,000 Performance Rights linked to the production of commercial gas for a consecutive 30 days averaging 20 TJ/d net to the Comet Group. Expiring 30 June 2023 Class Unlisted Performance Rights Number acquired Nil Number Expired 1,000,000 Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

	No. of securities held aft	er change			Trudy J	McCaul: 211546		Ordinary shares
						,
					Tor McC	aul: 4,129,507 Or		dinary Shares.
					linked to	,,the decision to proceed with the
					commer	cial development o		f the Albany Gas
					Project i	n the Galilee Basin		.
					Expiring	31 January 2021
					Tor McC	aul: 750000 Perf		rmance Rights
					a consecu		tive 30 days averaging 15TJ/d netet Group.1 December 2022ul: 1,000,000 Performance Rightse production of commercial gas fotive 30 days averaging 20 TJ/d netet Group.0 June 2023
					to the CoExpiring 3		et Group.1 December 2022
					Tor McCa		ul: 1,000,000 Performance Rights
					linked to th		e production of commercial gas f
					a consecuto the Co		tive 30 days averaging 20 TJ/d neet Grou
					Expiring 3		p.0 June 2023
	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back				Expiry of 1,000,000 Unlisted PerformanceRights issued under Comet Ridge EmployeePerformance 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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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 Interest after change

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	Not Applicable
If prior written clearance was provided, on what date was thisprovided?	Not Applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011