5G NETWORKS LIMITED. — Director's Dealing 2017

May 31, 2017

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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 30/09/01 Amended 01/01/11

Name of entity	MELBOURNE IT LIMITED
ABN	21 073 716 793

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	Martin Mercer
Date of last notice	26 May 2017

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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	N/A
No. of securities held prior to change	338,983
Class	Ordinary shares
Number acquired	0
Number disposed	0
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	-
No. of securities held after change	338,983
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of securitiesunder dividend reinvestment plan, participation in buy-back	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Direct or indirect interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.Date of changeNo. of securities held prior to changeClass	DirectN/A29 May 2017504,471Performance Rights (unlisted)
Number acquired	247,382
Number disposed	0
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after change	751,853
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of securitiesunder dividend reinvestment plan, participation in buy-back	Performance Rights issued under the MelbourneIT Long Term Incentive Plan - FY2017 Grant,approved by shareholders at the 2017 AGM heldon 29 May 2017.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation to whichtheinteresthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	Yes.
If so, was prior written clearance provided to allow the trade toproceed during this period?	Yes.
If prior written clearance was provided, on what date was thisprovided?	28 April 2017

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3