OTTO ENERGY LIMITED — Director's Dealing 2012

Feb 2, 2012

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	17 November 2011

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 relevantinterest.	See Below
Date of change	24 November 2011
No. of securities held prior to change	Cornela Pty Ltd <Macliver Family A/C> (Directorand Shareholder)2,292,500Ordinary SharesCornela Pty Ltd <Ian Macliver SuperannuationFund> (Director and Shareholder)1,007,221Ordinary SharesGrange Consulting Group Pty Ltd (Director andShareholder)2,000,000Ordinary Shares
Class	Ordinary Fully Paid Shares
Number acquired	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	750,000Ordinary Fully Paid Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$60,000.00
No. of securities held after change	Cornela Pty Ltd <Macliver Family A/C> (Directorand Shareholder)2,292,500Ordinary SharesCornela Pty Ltd <Ian Macliver SuperannuationFund> (Director and Shareholder)1,007,221Ordinary SharesGrange Consulting Group Pty Ltd (Director andShareholder)1,250,000Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off-market transfer as a result of restructuringshareholding within holding entity. There hasbeen no change in ultimate beneficial ownership.

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 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.

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