ALICE QUEEN LIMITED — Director's Dealing 2017

Jan 30, 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Mr Andrew Buxton
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.

be disclosed in thispart.
Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Andrew Buxton & Juliette Buxton A fund in which Mr Andrew Buxton has a beneficial interest.
Date of change	31 January 2017
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 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.
Class	Shares
Number acquired	2,600,000 ordinary shares were acquired on the exercise of2,600,000 listed options issued pursuant to the prospectusdated 20 September 2016.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Exercise price: 3 cents ($0.03) per share
No. of securities held after change	Shares and options held Direct:• 43,222,009 Fully Paid Ordinary Shares• 25,202,674 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, issueof securities under dividend reinvestment plan, participation in buy-back	2,600,000 ordinary shares were acquired on the exercise of2,600,000 listed options issued pursuant to the prospectusdated 20 September 2016.

Part 2 – Change of director’s interests in contracts

Part 2 – Change of director’s interests in contracts	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” shouldbe disclosed in thispart.
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 inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Interest after changePart 3 – +Closed period
Were the interests in the securities or contracts detailed abovetraded during a +closed period where prior written clearance was**required? **	No
If so, was prior written clearance provided to allow the trade toproceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011