Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

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 CARNEGIE CLEAN ENERGY LIMITED

ABN 69 009 237 736

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 OTTAVIANO

Date of last notice

26 NOVEMBER 2013

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 & Indirect

Nature of indirect interest (including registered holder)

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

Shares held by ME & AK Ottaviano ATF

.

Shares held by Amanda Ottaviano, spouse of Michael Ottaviano.

Date of change

19 January 2017

No. of securities held prior to change

35,000,000 ordinary shares held by Michael Ottaviano.

4,400,000 Ordinary Shares held in the

name of ME & AK Ottaviano ATF

.

390,000 Ordinary Shares held in the name of Amanda Ottaviano.

Class

Ordinary fully paid shares

Number acquired

-

Number disposed

4,790,000

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

$0.067 each, total consideration $320,704.

+ 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 after change

35,000,000 Ordinary Fully Paid Shares

Nature of change

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

The shares were primarily the result of a cash exercise of employee share options in 2007, the shares were then held for 10 years prior to being sold.

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

Were the interests in the securities or contracts detailed

above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

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

N/A

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Carnegie Wave Energy Limited published this content on 20 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 January 2017 08:23:03 UTC.

Original documenthttp://carnegiewave.com/wp-content/uploads/2017/01/170120_Appendix_03Y-M-Ottaviano.pdf

Public permalinkhttp://www.publicnow.com/view/88EEA7BC61786BBB9D6A74FD12950A319E512523