Directors’  Declaration 141 For the year ended 30 June 2012 The Directors of AGL Energy Limited declare that: (a) in their opinion, there are reasonable grounds to believe that the Parent Entity will be able to pay its debts as and when they become  due and payable; (b) in their opinion, the financial statements and notes thereto are in compliance with International Financial Reporting Standards, as stated  in Note 1(a) to the financial statements; (c) in their opinion, the attached financial statements and notes thereto are in accordance with the  Corporations Act 2001 ,  including compliance with accounting standards and giving a true and fair view of the financial position and performance of the  consolidated entity; (d) in their opinion, there are reasonable grounds to believe that the Parent Entity and the subsidiaries identified in Note 42 will be able  to meet any obligations or liabilities to which they are or may become subject, by virtue of the Deed of Cross Guarantee between  the Parent Entity and those subsidiaries pursuant to ASIC Class Order 98/1418; and (e) the Directors have been given the declarations required by s.295A of the  Corporations Act 2001 . Signed in accordance with a resolution of the Directors. Jeremy Maycock Chairman Sydney, 22 August 2012