PO VALLEY ENERGY LIMITED — Director's Dealing 2016

Jul 5, 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 PO VALLEY ENERGY LIMITED ABN 33 087 741 571

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	Michael Masterman
Date of last notice.	12 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	Direct and Indirect
Nature of indirect interest	Symall Pty Ltd (The trustee of a superannuation fund
(including registered holder)	of which Michael Masterman is a trustee and
Note: Provide details of the circumstances giving rise to therelevant interest.	beneficiary)
Date of change	30 June 2016
No. of securities held prior to change	Interest in 121,048,806 ordinary shares as follows:
	Direct Interest:
	Direct Interest in 107,864,365 shares held by
	Michael Masterman
	Indirect Interest:
	Indirect interest in 13,184,441 shares held by Symall
	Pty Ltd (The trustee of a superannuation fund of
	which Michael Masterman is a trustee and
	beneficiary)
Class	Ordinary Shares
	12,161,367 ordinary shares
Number acquired	(Michael Masterman: 1,661,367 sharesSymmall Pty Ltd 10,500,000 shares)
Number disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.006 per share for 10,500,000 shares (total$63,000)$0.015 (1.5c per share) per share for 1,661,367shares (total$24,921)
No. of securities held after change	Interest in 133,210,173 ordinary shares as follows:Direct Interest:109,525,732 ordinary shares held by MichaelMastermanIndirect Interest:23,684,441 ordinary shares held by Symmall Pty Ltd(The trustee of a superannuation fund of whichMichael Masterman is a trustee and beneficiary)
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	Issue of 1,661,367 ordinary shares toMichael Masterman in lieu of director’s feesas approved at the Company AGM on 31May 2016;on-marked purchase by Symmall Pty Ltd of10,500,000 ordinary shares

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 Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above tradedduring a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceedduring this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3