MARMOTA LIMITED — Director's Dealing 2015

Nov 1, 2015

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	MARMOTA ENERGY LIMITED
ABN	38 119 270 816

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	DR COLIN ROSE
Date of last notice	20/08/2015

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 relevantinterest.	HELD BY DR COLIN ROSE
Date of change	30/10/2015
No. of securities held prior to change	Held by Dr Colin Rose42,836,916 ordinary shares1,000,000 listed options exercisable at 2.0cents expiring 9 December 2015Held by Mathstatica Pty Ltd (as owner anddirector)801,316 ordinary shares50,000 listed options exercisable at 2.0 centsexpiring 9 December 2015
Class	Fully Paid Ordinary Shares
Number acquired	1,250,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$25,030
No. of securities held after change	Held by Dr Colin Rose44,086,916 ordinary shares1,000,000 listed options exercisable at 2.0cents expiring 9 December 2015Held by Mathstatica Pty Ltd (as owner anddirector)801,316 ordinary shares50,000 listed options exercisable at 2.0 centsexpiring 9 December 2015
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market trades

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	Detail of contract	Detail of contract	Detail of contract	Detail of contract	Detail of contract	N/A	N/A	N/A	N/A
	Natu	re of interest
	Nam(if iss	e of registereued securiti	d holdees)	r
	Date	of change
	No. ainterNote: Dto whic	**nd class of **est related pretails are only reqh the interest has ch	securitiior to chuired for a canged	es to wangeontract in re	hichlation
	Inter	est acquired
	Inter	est disposed
	ValuNote: Ifestimate	e/Consideraticonsideration is nod valuation	onn-cash, prov	ide details a	nd an

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

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