COMET RIDGE LIMITED — Director's Dealing 2020

Jan 2, 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	20 December 2019

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 01 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 Tor McCaul: 1,500,000 Performance Rights linked to the booking of 2P reserves for the Company. Expiring 31 December 2019 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 Class Unlisted Performance Rights Number acquired 2,500,000 Number disposed 1,500,000 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. o	f securities held after change	Trudy J MTor McCa	cCaul: 211,546 Ordinary shareul: 4,129,507 Ordinary Shares
			Tor and TMCCAULShares	rudy McCaul Pty Ltd <TR & TJS/F A/C>: 2,160,000 Ordinary
	Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Issue of 2,500,000 Unlisted PerformanceRights under the Company’s EmployeePerformance Rights Plan and as approved byShareholders at the 2019 AGM.Expiry of 1,500,000 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.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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 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 Not Applicable to proceed during this period? If prior written clearance was provided, on what date was this Not Applicable provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011