ALICE QUEEN LIMITED — Director's Dealing 2017

Oct 18, 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 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.

irector for the purposes of section 205G of	the Corporations Act.
Name of Director	Mr Andrew Buxton
Date of last notice	31 January 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 & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Andrew Buxton & Juliette Buxton A fund in which Mr Andrew Buxton has a beneficial interest.
Date of change	• 12 October 2017: Exercise of 17,500,000 listed options and allotment of shares; • 29 September 2017: Off-market transfer of 7,500,000 listed options; and • 30 September 2017 expiry of 292,674 listed options.
No. of securities held prior to change	Shares and options held Direct: • 43,222,009 Fully Paid Ordinary Shares • 25,202,674 Listed Options with an exercise price of 3 cents each, exercisable on or before 30 September 2017. • 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. 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	Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	17,500,000 ordinary shares were acquired on the exercise of 17,500,000 listed options issued pursuant to the prospectus dated 20 September 2016.
Number disposed	Off-market transfer of 7,500,000 listed options 292,674 listed options expired on 30 September 2017
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Exercise price: 3 cents ($0.03) per share
No. of securities held after change	Shares and options held Direct: • 60,722,009 Fully Paid Ordinary Shares. • 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. Shares and options held Indirect: Andrew Buxton & Juliette Buxton 180,000 Fully Paid Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	• 17,500,000 ordinary shares were acquired on the exercise of 17,500,000 listed options issued pursuant to the prospectus dated 20 September 2016. • 29 September 2017: Off-market transfer of 7,500,000 listed options; and • 30 September 2017 expiry of 292,674 listed options.

Part 2 – Change of director’s interests in contracts

N di	ote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be sclosed in this part.	ote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be sclosed 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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	The change of interest is a result of: (a) the exercise of 17,500,000 options; (b) the transfer of 7,500,000 listed options for a deemed transfer price of $0.015 (1.5 cents) each; and (c) the expiry of 292,674 options. (a) and (c) – Not Applicable (b)–Yes
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes
If prior written clearance was provided, on what date was this provided?	21 September 2017

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3