ASHLEY SERVICES GROUP LIMITED — Director's Dealing 2018

Jun 3, 2018

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4 June 2018

The Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Appendix 3Y – Ross Shrimpton – Retrospective 9 November 2016

Dear Sirs,

Ashley Services Group Limited (ASX: ASH) refers to the attached retrospective Appendix 3Y for Mr Ross Shrimpton outlining changes that occurred back on 9 November 2016.

The change in in Ross Shrimpton’s Director’s Interest at that time was not the result of any trading activity but rather a consequence of a Selective Reduction of Capital and Cancellation of Shares as approved by the Ashley Services Group Limited Annual General Meeting of 9 November 2016. The 6,024,096 ordinary fully paid shares in question were originally part of the consideration paid in relation to the Integracom acquisition and were held in voluntary escrow, and as such were considered part of Ross Shrimpton’s Director’s Interest. Accordingly, the Selective Reduction of Capital and Cancellation of Shares meant that Ross Shrimpton’s Director’s Interest moved from 89,070,401 to 83,046,305.

This was advised via a Form 604 which was lodged on 11 November 2016 and also a Form 484. Additionally the number of shares held by Ross Shrimpton was subsequently disclosed on page 21 of the 2017 Annual Report. Despite these multiple advices, at the time of the Selective Reduction of Capital and Cancellation of Shares and subsequently, unfortunately the Appendix 3Y for Ross Shrimpton was overlooked. Accordingly we note the following:

1. The late lodgement of the Appendix 3Y was due to an administrative oversight by the Company.

2. The company has an internal procedure that requires a Director to advise the Company Secretary within 5 business days of, inter alia, the disposal of IOT shares. Whilst this did occur, the Appendix 3Y was inadvertently not lodged with the ASX.

3. The Company Secretary has communicated to all Directors reporting obligations, in particular, those under Listing Rules 3.19A and 3.19B following the above matter.

The Company is satisfied that it has in place procedures and policies to ensure compliance with its obligations under ASX Listing Rules 3.19A and 3.19B.

Yours faithfully,

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Ron Hollands Company Secretary

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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 30/9/2001.

Name of entity: Ashley Services Group Limited

ABN: 92 094 747 610

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	Ross Shrimpton
Date of last notice	02/03/2016

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 and indirect
Nature of direct and indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Direct Interest Indirect interests .	Ross Shrimpton Action James Holdings Pty Limited ATF The Ellesmere Trust Ross Shrimpton is a director of the trustee and a beneficiary of the Ellesmere Trust. Catherine Shrimpton Spouse of Ross Shrimpton
Date of change	09/11/2016
No. of securities held (by entities associated with this director) prior to change	89,071,301
Class	Ordinary
Number acquired	Nil
Number disposed	6,024,996

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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,114,624 – deemed consideration.
No. of securities held (by entities associated with this director) after change	83,046,305
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Cancellation of shares held by Holmes Management Services Pty Limited pursuant to a resolution put to Ashley Services Group Limited members on 9 November 2016 and passed in the affirmative.

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 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. Were the interests in the securities or contracts detailed above 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 theperiod? If prior written clearance was provided, on what date was this provided?	Detail of contract	n/a
	Nature of interest	n/a
	Name of registered holder (if issued securities)	n/a
	Date of change	n/a
	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	n/a
	Interest acquired	n/a
	Interest disposed	n/a
	Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	n/a
	Interest after change	n/a
	Were the interests in the securities or contracts detailed above traded during a ‘closed’ period where prior written clearance was required?	No
	If so, was prior written clearance provided to allow the trade to proceed during theperiod?	n/a
	If prior written clearance was provided, on what date was this provided?	n/a

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