Mr Ryan Krogmeier has been appointed as a director of Caltex Australia Limited (Caltex) with effect from 30 March 2012 to fill a casual vacancy on the Board. Mr Krogmeier's appointment follows the resignation of Mr Brant Fish as a director with effect from 29 March 2012. Mr Fish's resignation follows his appointment to a new role with Chevron, as Vice President, Americas Products, West Downstream & Chemicals.

Mr Krogmeier has over 20 years of experience in the oil and gas industry, particularly in the areas of crude and products supply and trading, risk management and financial operations. He has recently been appointed as the Global Vice President of Joint Ventures and Affiliates for Chevron International Products and was previously the Vice President - Americas East, Caribbean and Latin America for Chevron, in which he was responsible for strategy and profits for Chevron's downstream fuels business in the region.

The Board has determined that Mr Krogmeier is not an independent director due to his service as an executive with Chevron.

The Board has approved the appointment of Ms Colleen Jones-Cervantes as an alternate director for Mr Krogmeier with effect from 30 March 2012. As a result of Mr Fish's resignation, Ms Jones-Cervantes's appointment as his alternate director automatically ends on 29 March 2012.

The following notices are attached:

• Appendix 3X - Initial Director's Interest Notice, on behalf of Caltex and Mr Krogmeier; and
• Appendix 3Z - Final Director's Interest Notice, on behalf of Caltex and Mr Fish.

Peter Lim
Company Secretary