Comet Ridge : 02 Feb 2021 Change of Director’s Interest Notice

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	COMET RIDGE LIMITED
ABN 47 106 092 577

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	TOR MCCAUL
Date of last notice	6 February 2021

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
(including registered holder)	Tor Raymond McCaul
Note: Provide details of the circumstances giving rise to the relevant
interest.	Tor and Trudy McCaul Pty Ltd
	MCCAUL S/F A/C>
	Trudy Jasmine McCaul is the spouse of the
	Director
Date of change	31 January 2021

• 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	Trudy J McCaul: 211,546 Ordinary shares
	Tor McCaul: 4,129,507 Ordinary Shares.
	Tor and Trudy McCaul Pty Ltd
	MCCAUL S/F A/C>: 2,160,000 Ordinary
	Shares
	Tor McCaul: 1,000,000 Performance Rights
	linked to the decision to proceed with the
	commercial development of the Albany Gas
	Project in the Galilee Basin.
	Expiring 31 January 2021
	Tor McCaul: 750,000 Performance Rights
	linked to the delivery of first commercial gas
	production for the Comet Group.
	Expiring 31 December 2021
	Tor McCaul: 750,000 Performance Rights
	linked to the production of commercial gas for
	a consecutive 30 days averaging 15TJ/d net
	to the Comet Group.
	Expiring 31 December 2022
	Tor McCaul: 1,000,000 Performance Rights
	linked to the production of commercial gas for
	a consecutive 30 days averaging 20 TJ/d net
	to the Comet Group.
	Expiring 30 June 2023
Class	Unlisted Performance Rights
Number acquired
	Nil
Number disposed	1,000,000
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
	Nil

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

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		Appendix 3Y
		Change of Director's Interest Notice
	No. of securities held after change	Trudy J McCaul: 211,546 Ordinary shares
		Tor McCaul: 4,129,507 Ordinary Shares.
		Tor and Trudy McCaul Pty Ltd
		MCCAUL S/F A/C>: 2,160,000 Ordinary
		Shares
		Tor McCaul: 750,000 Performance Rights
		linked to the delivery of first commercial gas
		production for the Comet Group.
		Expiring 31 December 2021
		Tor McCaul: 750,000 Performance Rights
		linked to the production of commercial gas for
		a consecutive 30 days averaging 15TJ/d net
		to the Comet Group.
		Expiring 31 December 2022
		Tor McCaul: 1,000,000 Performance Rights
		linked to the production of commercial gas for
		a consecutive 30 days averaging 20 TJ/d net
		to the Comet Group.
		Expiring 30 June 2023
	Nature of change
	Example: on-market trade, off-market trade, exercise of options, issue of
	securities under dividend reinvestment plan, participation in buy-back	Expiry of 1,000,000 Unlisted Performance
		Rights issued under Comet Ridge Employee
		Performance Rights Plan

Part 2 - Change of director's interests in contracts N/A

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
above traded during a	+closed period where prior written	No
clearance was required?
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

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