ALICE QUEEN LIMITED — Director's Dealing 2016

Dec 13, 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 30/09/01 Amended 01/01/11

Name of entity Alice Queen Limited ABN 71 099 247 408

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	Mr Andrew Buxton
Date of last notice	13 October 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 come within paragraph (i) of thein thispart.	definition of “notifiable interest of a director” should be disclosed
Direct or indirect interest	Direct & Indirect
Nature of indirect interest	Andrew Buxton & Juliette Buxton
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant	A fund in which Mr Andrew Buxton has a beneficial interest.
interest.
Date of change	14 December 2016
No. of securities held prior to change	Shares and options held Direct:
	40,622,009 Fully Paid Ordinary Shares
	27,802,674 Listed Options with an exercise price of 3 cents
	each, exercisable on or before 30 September 2017.
	Shares and options held Indirect:
	Andrew Buxton & Juliette Buxton
	180,000 Fully Paid Ordinary Shares
	90,000 Listed Options exercise price of 3 cents each,
	exercisable on or before 30 September 2017.
Class	Unlisted options
Number acquired	616,050 unlisted options over ordinary shares in the Company
	with an exercise price of $0.038 (3.8cents) each, exercisable
	on or before 14 December 2019. The options will vest on 14
	December 2017.
Number disposed	Nil
Value/Consideration	Nil consideration
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Shares and options held Direct:• 40,622,009 Fully Paid Ordinary Shares• 27,802,674 Listed Options with an exercise price of 3cents each, exercisable on or before 30 September 2017.• 616,050 unlisted options over ordinary shares in theCompany with an exercise price of $0.038 (3.8cents) each,exercisable on or before 14 December 2019. The options willvest on 14 December 2017.Shares and options held Indirect:Andrew Buxton & Juliette Buxton 180,000 Fully Paid Ordinary Shares90,000 Listed Options exercise price of 3 cents eachexercisable on or before 30 September 2017.

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

616,050 unlisted options over ordinary shares in the Companywere acquired in accordance with a resolution as approved byShareholders at the AGM held on 30 November 2016.

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
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above No 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 2

01/01/2011