JATCORP LIMITED — Director's Dealing 2009

Nov 19, 2009

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: Jatoil Limited

ABN: 31 122 826 242

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	Phil Hodgson
Date of last notice	25 June 2009

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
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	19 November 2009
No. of securities held prior to change	150,000 Fully Paid ORD
	500,000 Incentive Options - $0.069 exercise
	price,expiry1 July2012
Class	Options to acquire ORD
Number acquired	5,000,000 Incentive Options–Exercise prices
	of between $0.10 and $0.20, expiry 31
	December 2013. Options subject to pre
	defined vesting criteria.
Number disposed	Nil
Value/Consideration	$Nil
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	150,000 Fully Paid ORD500,000 Incentive Options - $0.069 exerciseprice, expiry 1 July 20125,000,000 Incentive Options–Exercise pricesof between $0.10 and $0.20, expiry 31December 2013. Options subject to predefined vesting criteria.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Options issued pursuant to Incentive OptionScheme as approved by shareholders on 17November 2009.

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 whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	n/a
Interest after change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002