DIRECTORS’ DECLARATION In the Directors’ opinion: (a) the financial statements and notes, set out on pages 33 to 80, are in accordance with the  Corporations Act 2001 , including: (i) complying with relevant Australian Accounting Standards and the  Corporations Regulations 2001 ; and (ii) giving a true and fair view of the Group’s financial position as at 30 June 2011 and of its performance for the financial year  ended on that date; and (b) there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and  payable. Note 1(a) confirms that the financial statements also comply with International Financial Reporting Standards as issued by the  International Accounting Standards Board. The Directors have been given the declarations by the Executive Chairman and Chief Financial Officer required by Section 295A  of the  Corporations Act 2001 . This declaration is made in accordance with a resolution of the Directors. On behalf of the Directors: 13 September 2011 Melbourne  Mr Robert Hosking Executive Chairman Karoon Gas Australia Ltd  Annual Report 2011 81