AUSQUEST LIMITED — Director's Dealing 2008

Jun 2, 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	John Ashley
Date of last notice	19 May 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 direct and indirect interests
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Asuper P/L and Alpine Nominees P/L ofwhich John Ashley is a Director of both.
Date of change	27 May 2008
No. of securities held prior to change	Direct :1,307,616 Ordinary fully paid sharesIndirect :4,162,049 Ordinary fully paid shares535,965 2008 unlisted Options250,000 2009 unlisted Options500,000 2011 unlisted Options3,005,942 2009 quoted options
Class	Ordinary shares
Number acquired	1,007,616 shares held indirectly
Number disposed	1,007,616 shares held directly

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.52 cents per share
No. of securities held after change	Direct :300,000 Ordinary fully paid sharesIndirect :5,169,665 Ordinary fully paid shares535,965 2008 unlisted Options250,000 2009 unlisted Options500,000 2011 unlisted Options3,005,942 2009 quoted options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off market trade of 1,007,616 ordinaryshares from a direct holding to an indirectholding.

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.

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11/3/2002