PILOT ENERGY LIMITED — Director's Dealing 2016

Jul 3, 2016

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 Pilot Energy Limited ( PGY ) ABN 86 115 229 984

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Hui Xiong Xue
Date of appointment	27 June 2016

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

Nil

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving rise to the relevant interest.PGY sharesAs disclosed in the following documents previouslyreleased to the ASX:the ASIC Form 603 “Notice of initial substantialholder” in respect of PGY dated 29 April 2016 andreleased to the ASX on that date; andthe ASIC Form 603 “Notice of initial substantialholder” prepared by the Subscribers (see below) inrespect of PGY dated 27 April 2016 (SubscriberForm 603) and released to the ASX on that date,the circumstances giving rise to the relevant interest areas follows:Mr Xue is the sole director and joint controllingshareholder of Billion Power Capital InvestmentLimited, a company incorporated in Hong Kongunder the Companies Ordinance (BPCI);by the operation of sections 608(3)(a) and (b) of theCorporations Act 2001 (Cth) (Corporations Act)Mr Xue is taken to have a relevant interest in sharesheld by BPCI; BPCI has a relevant interest in shares in PGY thatare:o registered in its name, under section 608(1)(a) ofthe Corporations Act; ando held by each of Sunpex International Limited,GS Energy Pty Ltd and Austar Nominees PtyLtd in its capacity as trustee for The WangFamily Trust (each of these entities and SunpexisaSubscriber,andtogether“theSubscribers”), on the basis that under a co-operation agreement dated 27 April 2016between each Subscriber, each Subscriberobtains a relevant interest under sections608(1)(b) and 608(1)(c) of the Corporations Act,in each case as detailed in the Subscriber Form603.PGY optionsAs set out above,BPCI is a director-related entity.		Number & class of SecuritiesPGY shares1,333,334,000fullypaidordinary shares in aggregate,being:370,380,000 fully paidordinary shares (sharesheld by BPCI); and962,960,000 fully paidordinary shares (sharesheld by the SubscribersotherthanBPCIinaggregate)PGY options20,000,000 unlisted optionsissued to BPCI over unissuedshares in PGY with anexercise price of $0.004 peroption and an expiry date of31 December 2019 (PGYOptions), pursuant to ashareholdersresolutionapproved at PGY’s GeneralMeeting held on 23 June2016.

Part 3 – 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.

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder	Not applicable
(if issued securities)
No. and class of securities to which	Not applicable
interest relates

• See chapter 19 for defined terms.

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