PILOT ENERGY LIMITED — Director's Dealing 2016

Jul 3, 2016

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 Pilot Energy Limited ( PGY ) ABN 86 115 229 984

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	Tung Leung Wong
Date of last notice	2 May 2016

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
Nature of indirect interest(including registered holder)Note:Providedetailsofthecircumstances giving rise to therelevant interest.		PGY SharesAs disclosed in the following documents previously releasedto the ASX:Appendix 3X “Notice of initial substantial holder” inrespect of Mr Wong released to the ASX on 2 May 2016(Appendix 3X);the ASIC Form 603 “Notice of initial substantial holder”in respect of PGY dated 28 April 2016 and released to theASX on 29 April 2016; andthe ASIC Form 603 “Notice of initial substantial holder”prepared by the Subscribers (see below) in respect of PGYdated 27 April 2016 (Subscriber Form 603) and releasedto the ASX on that date,the circumstances giving rise to the relevant interest are asfollows:Mr Wong is the sole director of Sunpex InternationalLimited, a company incorporated in Hong Kong underthe Companies Ordinance (Sunpex);by the operation of section 608(3)(b) of the CorporationsAct 2001 (Cth) (Corporations Act), Mr Wong is taken tohave a relevant interest in shares held bySunpex;

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

					Sunpex has a relevant interest in shares in PGY that are:
					o registered in its name, under section 608(1)(a) of the
					Corporations Act; and
					o held by each of Billion Power Capital Investment
					Limited, GS Energy Pty Ltd and Austar Nominees Pty
					Ltd in its capacity as trustee for The Wang Family
					Trust (each of these entities and Sunpex is a
					Subscriber, and together “theSubscribers”), on the
					basis that under a co-operation agreement dated 27
					April 2016 between each Subscriber, each Subscriber
					obtains a relevant interest under sections 608(1)(b)
					and 608(1)(c) of the Corporations Act, in each case as
					detailed in the Subscriber Form 603.
				PGY Options
				As	set out above,Sunpex is a director-related entity.
Date of	change			27	June 2016
No. of securities held			prior to	400,000,000 fully paid ordinary shares
change
Class					Fully paid ordinary shares
					Unlisted options
Number acquired					933,334,000 fully paid ordinary shares in PGY (PGY
					Shares) issued to the Subscribers in aggregate, pursuant
					to a shareholders resolution approved at PGY’s General
					Meeting held on 23 June 2016
					20,000,000 unlisted options issued to Sunpex over
					unissued shares in PGY with an exercise price of $0.004
					per option and an expiry date of 31 December 2019 (PGY
					Options),pursuanttoashareholdersresolution
					approved at PGY’s General Meeting held on 23 June 2016.
Number disposed				Nil
Value/ConsiderationNote: If consideration isprovidedetailsand			non-cash,estimated		Nil provided by Mr Wong in respect of the PGY Shares –each Subscriber provided cash consideration of $0.003
valuation					per PGY Share
					Nilprovided byMr Wongin respect of the PGY Options

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held afterchange	1,333,334,000 PGY Shares20,000,000 PGY Options
Nature of changeExample: on-market trade, off-markettrade, exercise of options, issue ofsecuritiesunderdividendreinvestment plan, participation inbuy-back	Acquisition of PGY Shares following issue of PGY Shares,pursuant to a shareholders resolution approved at PGY’sGeneral Meeting held on 23 June 2016Grant of PGY Options, pursuant to a shareholdersresolution approved at PGY’s General Meeting held on 23June 2016

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	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

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?

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the trade	Not applicable
to proceed during this period?
If prior written clearance was provided, on what date was this	Not applicable
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011