EMPEROR ENERGY LIMITED — Director's Dealing 2012

Jun 7, 2012

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 30/9/2001.

Name of entity OIL BASINS LIMITED ABN 56 006 024 764

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	Kim Warren McGrath
Date of last notice	21 September 2011

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		Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		s608(1)(c) Corporations Act 2001& Authorised Signatory:Uniteam Marketing Limiteds608(1)(c) Corporations Act 2001& Director:Delta Corporate Finance Pty LimitedInfinity Capital LimitedBroadwood Investments Limited
Date of change		08 June 2012
No. of securities held prior to change		Indirect:12,000,000 Fully Paid Ordinary Shares3,000,000 Listed 30 June 12 Options @1.5c10,000,000Listed30 June 14Options@4c
Class		Shares: Fully Paid Ordinary SharesOptions:Listed 30 June 12 Options @1.5cOptions:Listed 30 June 14 Options @4c
Number acquired		Indirect:3,000,000 Fully Paid Ordinary Shares
Number disposed		Indirect:3,000,000 Listed 30 June 12 Options @1.5c

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$45,000-00
No. of securities held after change	Indirect:15,000,000 Fully Paid Ordinary Shares10,000,000 Listed 30 June 14 Options @4c
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of options

Part 2 – Change of director’s interests in contracts

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation to which theinterest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where priorwritten clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what datewas this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002