ADALTA LIMITED — Director's Dealing 2017

Jul 13, 2017

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14 July 2017

Australian Stock Exchange 20 Bridge Street SYDNEY NSW 2000

By e‐lodgement

Dear Sir/Madam

APPENDIX 3Y‐ LATE LODGEMENT NOTICE

Please find attached Appendix 3Y Change of Director’s Interest Notice for Mr Paul MacLeman.

In relation to the late lodgment of the attached Appendix 3Y, the Company advises as follows:

• The attached Appendix 3Y relates to the issue of 73,273 ordinary shares as a result of Paul MacLeman exercising options.

• On 21 December 2016, an Appendix 3B was lodged detailing the exercise of options, however, due to administrative oversight the attached Appendix 3Y is being lodged late. As outlined in the Appendix 3B the shares issued to Paul MacLeman are subject to 24 months escrow from listing date (22 August 2016).

• The Company has procedures in place to ensure Directors are able to meet their disclosure obligations under Listing Rule 3.19A and 3.19B.

Yours faithfully

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Cameron Jones Company Secretary

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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	27 September 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.

Note: In the case of a company, interests which disclosed in thispart.	come within paragraph (i) of the definition of “notifiable interest of a director” should be
Direct or indirect interest	Direct(1) and Indirect(2)
Nature of indirect interest	Dalroar Pty Ltd ATF MacLeman Investment Trust (Director and
(including registered holder) Note: Provide details of the circumstances	Beneficiary)(2)
giving rise to the relevant interest.
Date of change	21 December 2016
No. of securities held prior	146,546 ordinary shares(1)
to change	73,273 ordinary shares(2)
	73,273 unlisted options exercisable at 17 cents and expiring 1
	November 2018*(1)
	73,273 unlisted options exercisable at 17 cents and expiring 1
	November 2019*(1)
	73,273 unlisted options exercisable at 17 cents and expiring 1
	November 2018*(1)
	*The exercise price of 50% of the options will be reduced to $0.0002 if exercised within
	3 months of vesting and the exercise price of the remaining 50% will be reduced to $0.09
	if exercised within 12 months of vesting.
Class	Ordinary shares on exercise of options
Number acquired	(1) 73,273 ordinary shares (subject to 24 months escrow)
Number disposed	73,273 unlisted options exercisable at 17 cents and expiring 1
	November 2019*(1)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration includes brokerage/gst Note: If consideration is non-cash, provide details and estimated valuation	$0.0002 per share for 73,273 options
No. of securities held after change	219,819 ordinary shares(1) 73,273 ordinary shares(2) 73,273 unlisted options exercisable at 17 cents and expiring 1 November 2018(1) 73,273 unlisted options exercisable at 17 cents and expiring 1 November 2019(1) *The exercise price of 50% of the options will be reduced to $0.0002 if exercised within 3 months of vesting and the exercise price of the remaining 50% will be reduced to $0.09 if exercised within 12 months of vesting.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-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.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A
Part 3– ~~+~~Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?		No
If so, was prior written clearance provided to allow the trade to proceed during this period?		N/A
If prior written clearance was provided, on what date was this provided?		N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2