Director Shareholding

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  88 ENERGY LIMITED

ABN                    80 072 964 179

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	David James Wall
Date of last notice	30 October 2015

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	David James Wall <The Reserve A/C>
Date of change	17 May 2016
No. of securities held prior to change	Indirect (David James Wall <The Reserve A/C>) 7,979,166 Fully paid ordinary shares 1,375,000 Listed Options exercisable at $0.02 on or before 2 March 2018 25,000,000 Unlisted Options exercisable at $0.015 on or before 18 February 2018 40,000,000 Unlisted Options exercisable at $0.021 on or before 1 November 2018 Indirect (D J Wall  <D J Wall Super Fund A/C>) 1,687,500 Fully Paid Ordinary Shares 750,000 Listed Options exercisable at $0.02 on or before 2 March 2018
Class	Ordinary Fully Paid Shares
Number acquired	2,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$75,000 (3.75 cents per share)
No. of securities held after change	Indirect (David James Wall <The Reserve A/C>) 9,979,166 Fully paid ordinary shares 1,375,000 Listed Options exercisable at $0.02 on or before 2 March 2018 25,000,000 Unlisted Options exercisable at $0.015 on or before 18 February 2018 40,000,000 Unlisted Options exercisable at $0.021 on or before 1 November 2018 Indirect (D J Wall  <D J Wall Super Fund A/C>) 1,687,500 Fully Paid Ordinary Shares 750,000 Listed Options exercisable at $0.02 on or before 2 March 2018
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 Trade

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	n/a
Name of registered holder (if issued securities)	n/a
Date of change	n/a
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	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	n/a
Interest after change	n/a

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