ADHERIUM LIMITED — Director's Dealing 2017

Sep 3, 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	Adherium Limited
ABN	24 605 352 510

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	Garth Campbell Sutherland
Date of last notice	31 March 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.	Not applicable
Date of change	30 August 2017

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	(a) Direct interest restricted to 26 August 2017: • Ordinary fully paid shares: 10,275,171 • Unlisted options: (i) 173,238 vested options exercisable at $0.075268, expiring 31 March 2018 (ii) 173,238 vested options exercisable at $0.075268, expiring 31 March 2019 (iii) 173,238 vested options exercisable at $0.075268, expiring 31 March 2020 (iv) 173,238 vested options exercisable at $0.134039, expiring 31 March 2020 (v) 173,238 vested options exercisable at $0.134039, expiring 31 March 2022 (b) Non-beneficial interest as trustee: 1,072,517 ordinary fully paid shares (c) Indirect interest in 521,367 Employee Share Plan Shares funded by loan from the Company at $0.50 per share, and vesting one-third annually over a three-year employmentperiod.
Class	Ordinary fully paid shares and unlisted options over ordinary fully paid shares
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

(a) Direct interest: • Ordinary fully paid shares: 10,275,171 • Unlisted options: (i) 173,238 vested options exercisable at $0.075268, expiring 31 March 2018 (ii) 173,238 vested options exercisable at $0.075268, expiring 31 March 2019 (iii) 173,238 vested options exercisable at $0.075268, expiring 31 March 2020 (iv) 173,238 vested options exercisable at $0.134039, expiring 31 March 2020 (v) 173,238 vested options exercisable at $0.134039, expiring 31 March 2022 (b) Non-beneficial interest as trustee: 1,072,517 ordinary fully paid shares (c) Indirect interest in 521,367 Employee Share Plan Shares funded by loan from the Company at $0.50 per share, and vesting one-third annually over a three-year employment period.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Release of ASX escrowed securities.

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	Not applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed Not applicable above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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