AUSQUEST LIMITED — Director's Dealing 2008

Sep 15, 2008

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 AUSQUEST LIMITED ABN 35 091 542 451

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	Gregory Hancock
Date of last notice	29 January 2008

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	Change in indirect interests
Nature of indirect interest	Hancock Corporate Investments P/L of
(including registered holder)	which Mr Hancock is a director and
Note: Provide details of the circumstances giving rise to the relevantinterest.	shareholder and the superannuation fund.
Date of change	1 September 2008
No. of securities held prior to change	Direct :
	385,000 Ordinary fully paid shares
	125,000 unquoted 2009 Options
	300,000 2011 Options
	262,500 quoted 2009 options
	Indirect :
	673,000 Ordinary fully paid shares
	1,000,000 2008 Options
	422,500 quoted2009 options
Class
Number acquired
Number disposed	Lapsing of 1,000,000 2008 unlisted options
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct :385,000 Ordinary fully paid shares125,000 unquoted 2009 Options300,000 2011 Options262,500 quoted 2009 optionsIndirect :673,000 Ordinary fully paid shares422,500 quoted2009 options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Lapsing of 1,000,000 2008 unlisted options

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002