Ann: Quarterly Activities Report & Appendix 5B-CTP.AX, page-2

The recommendations outlined in the ACCC Inquiry into the East Coast Gas Market (reported
in the last Quarterly Report) are being taken to the Council of Australian Governments
(“COAG”) by the Federal Minister for Energy and Environment on 19 August 2016 following
the electricity crisis in South Australian and Tasmania.

A Gas Sales and Prepayment Agreement was signed with Macquarie Bank Limited for 5.2 PJs
of pre‐paid gas supplied over 3 years with up to an additional 3.5PJs of additional gas sales
possible over 2 subsequent years. Immediate payment under this agreement for the 5.2PJs
was received by Central.
The final $10 million acquisition payment was made to Santos for Central’s 50% interest in
the Mereenie Oil & Gas Field.
Central reached a majority of field personnel being locally employed in the quarter delivering
on its policies:
- Family values for working families
- Northern Territory for Northern Territorians
- Traditional values for Traditional Owners
- Supporting local businesses
- Payment of royalties to the Northern Territory Government