Carbon Energy : Final Director's Interest Notice

NEW ISSUE ANNOUNCEMENTS Appendix 3Z Final Director's Interest Notice Appendix 3Z Final Director's Interest Notice

Rule 3.19A.3

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 Carbon Energy Limited ABN 56 057 552 137

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Max D.J. Cozijn
Date of last notice	29 August 2013
Date that director ceased to be director	21 April 2015

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

18,816 Ordinary Shares and 6,272 Listed Options

+ See chapter 19 for defined terms.

11/3/2002 Appendix 3Z Page 1

Appendix 3Z Final Director's Interest Notice Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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.

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 interest

Note: Provide details of the circumstances giving rise to the relevant interest

(1) Diplomat Holdings Pty Ltd

(2) Ms Christine Diane Cozijn

(3)Diplomat Holdings Pty Ltd

(Supermax RF A/C)

Number & class of securities

1,050,000 Ordinary Shares and 350,000 Listed

Options

15,419 Ordinary Shares and 5,140 Listed

Options

833,276 Ordinary Shares and 277,759 Listed

Options

Part 3 - Director's interests in contracts

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

21 April 2015

+ See chapter 19 for defined terms.

Appendix 3Z Page 2 11/3/2002