ALICE QUEEN LIMITED — Director's Dealing 2017

Mar 23, 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.

Name of Director	Mark Kerr
Date of last notice	14 December 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.

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.	Berkeley Consultants Pty Ltd Mark & Linda Kerr - Trustees of Lindmark Investments Staff Super Fund A company and fund in which Mark Kerr has a beneficial interest.
Date of change	24 March 2017
No. of securities held prior to change	Shares and options held Direct: - 10 682,779 Fully Paid Ordinary Shares - 5,341,390 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: • Berkeley Consultants Pty Ltd - 4,273,112 Fully Paid Ordinary Shares - 2,136,556 Listed Options exercise price of 3 cents each, exercisable on or before 30 September 2017. • Mark & Linda Kerr - Trustees of Lindmark Investments Staff Super Fund - 5,341,390 Fully Paid Ordinary Shares - 2,670,695 Listed Options exercise price of 3 cents each, exercisable on or before 30 September 2017.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Shares
Number acquired	833,333 ordinary shares were acquired on the exercise of 833,333 listed options issued pursuant to the prospectus dated 20 September 2016.
Number disposed	Nil
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: - 10 682,779 Fully Paid Ordinary Shares - 5,341,390 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: • Berkeley Consultants Pty Ltd - 4,273,112 Fully Paid Ordinary Shares - 2,136,556 Listed Options exercise price of 3 cents each, exercisable on or before 30 September 2017. • Mark & Linda Kerr - Trustees of Lindmark Investments Staff Super Fund - 6,174,723 Fully Paid Ordinary Shares - 1,837,362 Listed Options exercise price of 3 cents each, exercisable on or before 30 September 2017.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	833,333 ordinary shares were acquired on the exercise of 833,333 listed options issued pursuant to the prospectus dated 20 September 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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 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.

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