OTTO ENERGY LIMITED — Director's Dealing 2012

Oct 4, 2012

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5 October 2012

Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

OTTO AT A GLANCE

APPENDIX 3Y – CHANGE OF DIRECTORS INTEREST NOTICE

Please find attached an Appendix 3Y – Change of Director’s Interest Notice for Mr Ian Macliver.

Yours faithfully

Gregor McNab

Chief Executive Officer

• ASX-listed oil and gas company with significant growth potential.

• Operator of the producing Galoc Oil Field which provides cash flow.

• High impact offshore exploration program in SC55.

• Opportunity rich with substantial exploration prospects and leads in Palawan and Visayan basins.

COMPANY OFFICERS

Rick Crabb Chairman Ian Macliver Director Rufino Bomasang Director John Jetter Director Ian Boserio Director Gregor McNab CEO Matthew Allen CFO/Coy Secretary

Contact: Matthew Allen Chief Financial Officer +61 8 6467 8800 info@ottoenergy.com	Media: Dudley White / Stephanie Sim MAGNUS Investor Relations + Corporate Communication +61 2 8999 1010 dwhite@magnus.net.au /ssim@magnus.net.au

32 Delhi Street (PO Box 1414), West Perth 6005 Tel: +61 (0) 8 6467 8800 Fax: +61 (0) 8 6467 8801 Email: info@ottoenergy.com Web: www.ottoenergy.com

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	Otto Energy Limited
ABN	56 107 555 046

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	Ian Macliver
Date of last notice	30 April 2012

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 and Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	See Below
Date of change	5 October 2012
No. of securities held prior to change	Cornela Pty Ltd (Director and Shareholder) 2,292,500 Ordinary Shares Cornela Pty Ltd **Fund> (Director and Shareholder) 2,257,221 Ordinary Shares
Class	Ordinary Fully Paid Shares
Number acquired	Nil
Number disposed	2,292,500 Ordinary Fully Paid Shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$201,740

• 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 Cornela Pty Ltd (Director and Shareholder) 4,549,721 Ordinary Shares Nature of change Off-market transfer. There has been no change Example: on-market trade, off-market trade, exercise of options, issue of in ultimate beneficial ownership. 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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 N/A trade to proceed during this period? If prior written clearance was provided, on what date N/A was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002