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 GLOBAL PETROLEUM LIMITED

ABN 68 064 120 896

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	Peter Gerard Hill
Date of last notice	23 December 2011

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Not applicable
Date of change	16 December 2013
No. of securities held prior to change	(a) 180,000 (b) 1,500,000 (c) 1,750,000 (d) 1,750,000 (e) 1,000,000
Class	(a) Fully Paid Ordinary Shares (b) $0.25 Incentive Options exercisable on or before 1 April 2014, vesting 1 April 2012 (c) $0.30 Incentive Options exercisable on or before 1 October 2014, vesting on 1 October 2012 (d) $0.35 Incentive Options exercisable on or before 1 April 2015, vesting on 1 April 2013 (e) $0.45 Incentive Options exercisable on or before 1 October 2015, vesting on 1 October 2013 (f) $0.25 Incentive Options exercisable on or before 1 April 2017, vesting on 1 April 2012 (g) $0.30 Incentive Options exercisable on or before 1 October 2017, vesting 1 October 2012 (h) $0.35 Incentive Options exercisable on or before 1 April 2018, vesting on 1 April 2013 (i) $0.45 Incentive Options exercisable on or before 1 October 2018, vesting on 1 October 2013.
Number acquired	(a) Nil (f) 1,500,000 (g) 1,750,000 (h) 1,750,000 (i) 1,000,000
Number disposed	(a) Nil (b) 1,500,000 (c) 1,750,000 (d) 1,750,000 (e) 1,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	(a) 180,000 (b) Nil (c) Nil (d) Nil (e) Nil (f) 1,500,000 (g) 1,750,000 (h) 1,750,000 (i) 1,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Re-grant of Incentive Options

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Appendix 3Y

Change of Director's Interest Notice

Name of Director