ALICE QUEEN LIMITED — Director's Dealing 2019

Dec 19, 2019

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	Andrew Buxton
Date of last notice	20 December 2018

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.

e disclosed in thispart.
Direct or indirect interest	Direct & Indirect
Nature of indirect interest	Andrew Buxton & Juliette Buxton
(including registered holder)	Andrew Thomas Buxton ATF ATB Trust
Note: Provide details of the circumstances giving rise to the relevant
interest.	Funds in which Mr Andrew Buxton has a beneficial interest.
Date of change	a)20 December 2019 - unlisted options acquired
	b)14 December 2019-unlisted options expired
No. of securities held prior to change	Shares and options held Direct:
	• 62,012,009 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.
	• 7,500,000 unlisted options over ordinary shares in the
	Company with an exercise price of $0.056 (5.6 cents) each,
	exercisable on or before 13 December 2020. The options will
	vest on 14 December 2018.
	• 6,496,875 unlisted options over ordinary shares in the
	Company with an exercise price of $0.04 (4 cents) each,
	exercisable on or before 18 December 2021. The options will
	vest on 18 December 2019.
	Shares and options held Indirect:
	Andrew Buxton & Juliette Buxton
	180,000 Fully Paid Ordinary Shares
Class	Unlisted Options
Number acquired	11,413,960 Unlisted Options in the Company with an exercise
	price of $0.045 (4.5 cents) each, exercisable anytime on or
	before 20 December 2022. The options will vest on 20
	December 2020.
Number disposed	616,050 Unlisted Options expired.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil consideration
No. of securities held after change	Shares and options held Direct:• 62,012,009 Fully Paid Ordinary Shares.• 7,500,000 unlisted options over ordinary shares in theCompany with an exercise price of $0.056 (5.6 cents) each,exercisable on or before 13 December 2020. The options willvest on 14 December 2018.• 6,496,875 unlisted options over ordinary shares in theCompany with an exercise price of $0.04 (4 cents) each,exercisable on or before 18 December 2021. The options willvest on 18 December 2019.• 11,413,960 Unlisted Options in the Company with anexercise price of $0.045 (4.5 cents) each, exercisable anytimeon or before 20 December 2022. The options will vest on 20December 2020.Shares and options held Indirect:Andrew Buxton & Juliette Buxton • 180,000 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	a)11,413,960 unlisted options over ordinary shares in theCompany were acquired in accordance with a resolution asapproved by Shareholders at the AGM held on 28November 2019.b)616,050 unlisted options expired on 14 December 2019.

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.

e 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

art 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