ATLAS PEARLS LTD — Director's Dealing 2012

Apr 1, 2012

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 30/9/2001.

Name of entity	ATLAS SOUTH SEA PEARL LTD
ABN	32 009 220 053

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	GEOFFREY NEWMAN
Date of last notice	24 December 2010

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

Direct or indirect interest	INDIRECT INTEREST
Nature of indirect interest(including registered holder)Note:Providedetailsofthecircumstancesgiving rise to the relevant interest.	G.G. Newman and C.L. Newman
Date of change	22nd March 2012
No. of securities held prior to change	Nil
Class	Ordinary Shares
Number acquired	235,295
Number disposed	Nil
Value/Consideration	$11,764.75
No. of securities held after change	635,295
Nature of change	Rights Issue allotment

• See chapter 19 for defined terms.

30/9/2001

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

	Detail of contract	Detail of contract	N/A	N/A	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 securitie	s to which	N/A
	interest related prior to chaNote: Details are only req	ngeuired for a
	contract in relation to which has changed	the interest
	Interest acquired		N/A
	Interest disposed		N/A
	Value/ConsiderationNote:Ifconsiderationisnon-cash,providedetailsandanestimatedvaluation		N/A
	Interest after change		N/A
_______________________________SIMON ADAMS

_______________________________ SIMON ADAMS Company Secretary

2 April 2012

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001