METGASCO LTD — Director's Dealing 2018

Oct 9, 2018

10 October 2018

Violetta Codreanu Senior Adviser, Listings Compliance ASX Compliance Pty Limited Level 6, 20 Bridge St Sydney NSW 2000

By email: violetta.codreanu@asx.com.au

Dear Violetta

Amended Appendix 3Y

Please find attached an Amended Appendix 3Y Change of Director’s Interest Notice for Mr Ken Aitken, which highlights additional shares acquired on 26 September 2018 not previously disclosed.

For the purposes of ASX Listing Rule 18.7, Metgasco Ltd ( Metgasco or the Company ) provides the following information:

1. The Amended Appendix 3Y has been lodged due to an administrative error between the director and his SMSF Administrator regarding additional shares purchased on 26 September 2018 that had not been previously notified. As soon as the oversight was identified, the attached Amended Appendix 3Y was lodged with the ASX.

2. Metgasco has the following arrangements in place under ASX Listing Rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under ASX Listing Rule 3.19A:

3. a) the Company and its directors are aware of their obligations under the ASX Listing Rules including ASX Listing Rules 3.19A and 3.19B; and

4. b) in accordance with ASX Listing Rule 3.19B and ASX Guidance Note 22, Metgasco has entered into Disclosure of Director's Interests Agreements with each of its directors when they are appointed to the Metgasco Board, which are regularly reviewed and formally updated at each meeting of the Board.

5. Metgasco confirms that following this incident, the Company has reviewed its processes and believes that its disclosure arrangements are adequate and are being enforced and that this was an isolated incident which does not involve any substantive breach of the ASX Listing Rules.

Yours sincerely

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Phil Mackey Company Secretary

Metgasco Ltd ACN 088 196 383 Registered Address: Level 12, 680 George Street, Sydney NSW 2000 Business Address: Level 3, 2 Elizabeth Plaza, North Sydney NSW 2060 Postal Address: PO Box 517, North Sydney, NSW 2059 Phone: +61 2 9923 9100 | Fax: +61 9959 5387 www.metgasco.com.au

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Amended 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 Metgasco Ltd ABN 24 088 196 383

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	Kenneth Aitken
Date of last notice	4 September 2018

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Kenneth John Aitken + Mrs Christina Nisbet Aitken Director and shareholder
Date of change	26 September 2018
No. of securities held prior to change	0
Class	Fully paid ordinary shares
Number acquired	a) 109,589 b) 51,079 160,668
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) $7,999.99 b) $3,626.60 $11,626.59
No. of securities held after change	160,668

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On-market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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 interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was **required? **	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011