COMET RIDGE LIMITED — Director's Dealing 2022

Dec 22, 2022

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	30 September 2022

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 23 December 2022

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change Trudy J McCaul: 461,546 Ordinary shares Tor McCaul: 6,389,507 Ordinary Shares. Tor and Trudy McCaul Pty Ltd <TR & TJ MCCAUL S/F A/C>: 2,160,000 Ordinary Shares 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 Tor McCaul: 320,000 Performance Rights linked to various vesting criteria including shareholder return and operational benchmarks. Expiring 31 December 2023. Class Unlisted Performance Rights Number acquired 1,320,000 Unlisted Performance Rights Number disposed Nil Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation Valuation attributed to each performance right $0.0853.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Trudy J McCaul: 461,546 Ordinary sharesTor McCaul: 6,389,507 Ordinary Shares.Tor and Trudy McCaul Pty Ltd <TR & TJMCCAUL S/F A/C>: 2,160,000 OrdinarySharesTor McCaul: 750,000 Performance Rightslinked to the production of commercial gas fora consecutive 30 days averaging 15TJ/d netto the Comet Group.Expiring 31 December 2022Tor McCaul: 1,000,000 Performance Rightslinked to the production of commercial gas fora consecutive 30 days averaging 20 TJ/d netto the Comet Group.Expiring 30 June 2023Tor McCaul: 320,000 Performance Rightslinked to various vesting criteria includingshareholder return and operationalbenchmarks.Expiring 31 December 2023.Tor McCaul: 1,320,000 Performance Rightslinked to various vesting criteria includingshareholder return and operationalbenchmarks.Expiring 31 December 2025.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back

Issue of enlisted Performance Rightsapproved by Shareholders 25 Nov 2022.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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