HYDROCARBON DYNAMICS LIMITED — Major Shareholding Notification 2009

Nov 26, 2009

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26 November 2009

Company Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Dear Sirs,

Substantial shareholder notices

Please find attached forms 605 and 603 following the transfer of shares by substantial shareholders BPI Energy Pty Ltd and JR Energy Pty Ltd to their related entities Belmont Park Investments Pty Ltd and Panorama Ridge Pty Ltd.

The ultimate ownership of the transferred shares remains unchanged.

Yours Sincerely, Justin Pettett Managing Director

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