WINCHESTER ENERGY LTD — Director's Dealing 2018

May 21, 2018

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	Winchester Energy Limited
ABN	21 168 586 445

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 Neville Henry

Date of last notice 1 September 2017

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 Interest and Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Trend E&P LLC (an entity controlled by Mr Henry)
Date of change	21 May 2018

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change Neville Henry (Direct Interest) Trend E&P LLC (an entity controlled by Mr Henry)	934,225 Fully Paid Ordinary Shares 5,838,009 Fully Paid Ordinary Shares 5,000,000 Unlisted $0.12 options expiring on 31 January 2022 3,777,759 Unlisted $0.25 options expiring on 30 April 2019 1,959 Class A Convertible Milestone Notes each with a term ending on 30 April 2019 3,918 Class B Convertible Milestone Notes each with a term ending on 30 April 2019 5,877 Class C Convertible Milestone Notes each with a term ending on 30 April 2019
Class	Fully paid ordinary shares
Number acquired	150,000
Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$6,100.00

• 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 after change Neville Henry (Direct Interest) Trend E&P LLC (an entity controlled by Mr Henry)

934,225 Fully Paid Ordinary Shares 5,988,009 Fully Paid Ordinary Shares 5,000,000 Unlisted $0.12 options expiring on 31 January 2022 3,777,759 Unlisted $0.25 options expiring on 30 April 2019 1,959 Class A Convertible Milestone Notes each with a term ending on 30 April 2019 3,918 Class B Convertible Milestone Notes each with a term ending on 30 April 2019 5,877 Class C Convertible Milestone Notes each with a term ending on 30 April 2019

Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back

On market purchase

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
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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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

Were the interests in the securities or contracts detailed Not Applicable above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011