ADALTA LIMITED — Director's Dealing 2016

Sep 26, 2016

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 30/9/2001.

Name of entity	AdAlta Limited
ABN	92 120 332 925

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	Paul MacLeman
Date of last notice	19 August 2016

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(1) and Indirect(2)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Dalroar Pty Ltd ATF MacLeman Investment Trust (Director andBeneficiary)(2)
Date of change	27 September 2016
No. of securities held priorto change	73,273 ordinary shares(2)73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)146,545 unlisted options exercisable at 17 cents and expiring 1November 2019*(1)146,545 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)*The exercise price of 50% of the options will be reduced to $0.0002 if exercised within 3months of vesting and the exercise price of the remaining 50% will be reduced to $0.09 ifexercised within 12 months of vesting.
Class	Ordinary shares on exercise of options
Number acquired	146,546 ordinary shares (subject to 24 months escrow)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Change of Director’s Interest Notice

Appendix 3Y

Number disposed	Number disposed	Number disposed	73,273 unlisted options exercisable at 17 cents and expiring 1November 2019*(1)73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)	73,273 unlisted options exercisable at 17 cents and expiring 1November 2019*(1)73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)	73,273 unlisted options exercisable at 17 cents and expiring 1November 2019*(1)73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)	73,273 unlisted options exercisable at 17 cents and expiring 1November 2019*(1)73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)	73,273 unlisted options exercisable at 17 cents and expiring 1November 2019*(1)73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)	73,273 unlisted options exercisable at 17 cents and expiring 1November 2019*(1)73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)
Value/Considerationincludes brokerage/gstNote: If consideration is non-cash, providedetails and estimated valuation			$0.09 per share for 73,273 options
	includes brokerage/gNote: If consideration is non-cdetails and estimated valuation	stash, provide	$0.000	2 per share	for 73,273 options
No. of securities held afterchange	No. of securities hechange	ld after	219,8173,273Novem	9 ordinaryunlisted ober 2018*(	shares(2)ptions exerci1)	sable at 17	cents and	expiring 1
			73,273Novem	unlisted ober 2019*(	ptions exerci1)	sable at 17	cents and	expiring 1
			73,273 unlisted options exercisable at 17 cents and expiring 1November 2018*(1)*The exercise price of 50% of the options will be reduced to $0.0002 if exercised within 3months of vesting and the exercise price of the remaining 50% will be reduced to $0.09 ifexercised within 12 months of vesting.
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back			Exercise of options

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.

	art 2 –ote: In the case	Change of directoof a coman interests which co	r’s interests in cont	r’s interests in cont	r’s interests in cont	racts	racts
			me within ara		ah (ii) of the defin	ition of “notifia	ble interest of a dir	ctor” should be	disclosed in
	is part.	py,	pg		p
	Detail of	contract		N	/A
	Nature o	f interest		N	/A
	Name of	registered holder		N	/A
	(if issued	securities)
	Date of c	hange			/A
	No. and c	lass of securities to	which	N	/A
	interest rNote: Details awhich the intere	elated prior to chanre only required for a contract inst has changed	gerelation to
	Interest a	cquired		N	/A
	Interest d	isposed		N	/A
	Value/CoNote: If considestimated valua	nsiderationeration is non-cash, provide dettion	ails and an	N	/A
	Interest a	fter change		N	/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written**clearance was required? **	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3