TOP TEN SHAREHOLDERS (as of 2 May 2012)

  1

  2

  3

  4

  5

  6

  7

  8

  9

  10


TOTAL

BECAMAL PTY LTD

ECARLATE PTY LTD

EKCO INVESTMENTS PTY LTD

AMP LIFE LIMTTED

COROSTAR PTY LTD <THE CAMPBELL SMITH A/C>

JADE SECURITIES PTY LTD <BEK UNIT A/C>

VENTURIN NOMINEES PTY LIMITED

PACIFIC ROAD PROVIDENT PTY LTD

HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED

PACIFIC TUG PTY LTD <THE KYTHERA UNIT A/C>


Top 10 Holders of FULLY PAID ORDINARY SHARES

Total Remaining Holders Balance

25,643,142

18,342,608

8,881,011

8,419,967

3,919,116

3,000,000

2,996,337

2,451,083

2,355,000

1,698,984


77,707,248

74,433,218

16.85

12.06

5.84

5.53

2.58

1.97

1.97

1.61

1.55

1.12


51.08

48.92

(Represents 51.08% of total shares on issue)

Galilee Energy Limited has 152,140,466 shares on issue as of 2 May 2012. Becamal Pty Ltd holds 16.85% of total shares on issue and is the company's largest shareholder.