Continuous Disclosure Policy

The Board of Directors of Cooper Energy Limited has established a Continuous Disclosure Policy as follows.

Purpose

To ensure that Cooper Energy Limited, as an ASX Listed Public Company, complies with the disclosure requirements of the ASX Listing Rules.

To ensure that senior management are accountable for ensuring compliance with these requirements.

Requirements

ASX Listing Rules, Chapter 3, requires the immediate notification of material information and other defined information.

LR 3.1 - Once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities, the entity must immediately tell ASX that information.

LR 3.1 does not apply to particular information while all of the following are satisfied:

1. A reasonable person would not expect the information to be disclosed.

2. The information is confidential and ASX has not formed a view that the information has ceased to be confidential.

3. One of more of the following applies:

a) It would be a breach of a law to disclose the information.
b) The information concerns an incomplete proposal or negotiation.
c) The information comprises matters of supposition or is insufficiently definite to warrant disclosure.
d) The information is generated for the internal management purposes of the entity.
e) The information is a trade secret.

Primary Procedure

a) Information is determined by the MD, Board, Company Secretary or other employee of the Company as being of a type or nature that warrants disclosure;

b) If not known by the MD, this information should be reported to the MD;

c) The MD  will determine the nature and extent of the information and consult with the Chairman to determine the form and content of any ASX Release (Release);

d) The MD and Chairman will jointly agree on the text of the proposed Release. The Company Secretary may also be required to draft the Release for review;

e) Depending on the nature of the release, and the sensitivity of the information, availability of the Board, the MD and Chairman will then determine whether the Board, as a whole, should be involved in the review of the Release;

f) The Company Secretary will then release the ASX Release to the market, and ensure that the Website is updated.

Additional Procedures

a) Depending on the nature of the Release the MD in consultation with the Chairman shall determine whether, and to what extent:

b) There are additional media releases, comments or other contacts made;

c) Whether shareholders or analysts will be briefed about the Release.

Primary Responsibility

MD

Secondary Responsibility

Chairman, Board of Directors, Company Secretary, CFO and employees

Review of Continuous Disclosure Policy

This Policy will be formally reviewed by the Board each year.