AERIS RESOURCES LIMITED — Director's Dealing 2011

Mar 9, 2011

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: Straits Resources Limited ABN: 30 147 131 977

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	Milan Jerkovic
Date of last notice	4 February 2011

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	Change in indirect interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares held by CPU Share Plans Pty Limited as trustee under the terms of the Straits Resources Limited Employee Share Acquisition Plan
Date of change	4 March 2011
No. of securities held prior to change	6,821,226 fully paid ordinary shares comprising: Direct interest of 5,342,524 Indirect interest of 1,478,702
Class	Fully paid ordinary shares
Number acquired	1,689,914
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$944,999.90 (being an issue price of $0.5592 per share)

• See chapter for defined terms.

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Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 8,511,140 fully paid ordinary shares comprising: Direct interest of 5,342,524 Indirect interest of 3,168,616 Nature of change Issue of shares to CPU Share Plans Pty Example: on-market trade, off-market trade, exercise of options, issue of Limited as trustee for Milan Jerkovic under securities under dividend reinvestment plan, participation in buy-back the Straits Resources Limited Employee Share Acquisition Plan, as referred to in the Demerger Scheme Booklet sent to shareholders in December 2010.

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.

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
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• See chapter for defined terms.

Appendix 3Y Page 2

11/3/2002