Final Director's Interest Notice

The following is the Appendix 3Z in respect of Max Ould, who retired as a non-executive director of AGL energy Limited (AGL) at the conclusion of AGL's Annual General Meeting on 23 October 2012.

The late lodgement of the Appendix 3Z is due to an administrative oversight occasioned by personnel changes in AGL's company secretairal function.

Paul McWilliams

Company Secretary

Appendix 3Z

Final 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.

Name of the Entity AGL Energy Limited
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 MAXWELL GILBERT OULD
Date of last notice 2 OCTOBER 2012
Date that Director ceased to be the Director 23 OCTOBER 2012

Part 1 - Change of director's relevant interests in securities of which the director is registered holder

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.

Number and Class of securities
35,255 Ordinary Shares

- DIRECT 29,422
- INDIRECT 5,833

Part 2- Change of director's relevant interests in securities of which the director is not registered holder

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.

Name of holder & Nature of Interest
Provide the details of circumstances giving rise to relevant interests
Number and class of securities

Part 3- Director's interest in contracts

Detail of Contract
Nature of interest
(if issued securities)
Name of registered holder

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.