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 30/9/2001.

ABN 74 115 061 375

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 SANDRA MCPHEE
Date of last notice 10 SEPTEMBER 2011

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.
LIMITED as trustee for THE MCPHEE
Date of change 30 AUGUST 2011
No. of securities held prior to change INDIRECT - 12750
Number acquired 1925
Number disposed NIL
Value/Consideration $15.33 PER SHARE
No. of securities held after change INDIRECT - 14675
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 PURCHASE

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

Part 3 -+ Closed Period

Were the ineterests in the securities or the contracts traded above were detailed under a + closed period where prior written clearances are required ? No
If so, was prior written clearance was provided to allow the trade to proceed during this period ?
If prior written clearance was provided, on what date was it provided ?

About AGL

AGL is one of Australia's leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.