ABN: 60 076 157 045
ACN: 076 157 045
Level 7, 10 Eagle St
(GPO Box 1315)
BRISBANE QLD 4001
Telephone: (07) 3229 0800
Facsimile: (07) 3229 6800

ASX ANNOUNCEMENT / MEDIA RELEASE
28 October 2008

CHANGE IN DIRECTOR’S INTEREST

Mr Brian Johnson, Chairman of Linc Energy Limited (ASX:LNC), has advised that TransPacific Capital Pty Ltd, as trustee for the TransPacific Trust, has over the past five trading days sold 1.0 million of its shares in Linc Energy. Mr Johnson is a director and shareholder of TransPacific Capital Pty Ltd but not a beneficiary.

Mr Johnson has also personally sold 584,000 of his unlisted periodically vesting share options during this period.

Mr Johnson said that the shares and options were sold primarily to meet taxation obligations and he regretted the necessity when the Company was about to move forward on the commercialisation of its technology for UCG (underground coal gasification) and GTL (gas to liquids) at Chinchilla in Queensland.

Mr Johnson also said that the Company was securing access to significant coal properties both in Australia and overseas on which it could base its production of low cost, low sulphur diesel.

In addition, he is confident that Linc Energy will finalise the proposed sale of its coking and thermal coal deposit at Emerald in the Bowen Basin in the near term, with the falling Australian dollar making the intended AU$1.5 billion purchase more attractive to the Chinese buyers.

Mr Johnson advised that the future of Linc Energy looked extremely exciting and that he had no intentions of making further share sales while he remained Chairman of the Company.
For further information please contact Peter Bond.

Peter Bond
Chief Executive Officer
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