AUSQUEST LIMITED — Director's Dealing 2008

Jan 9, 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 Innes
Date of last notice	2 November 2007

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Traist P/L (atf The Innes Family Trust) ofwhich John Innes is a Director, the InnesSuper Fund and L. Innes.
Date of change	8 January 2008
No. of securities held prior to change	Indirect :3,849,590 Ordinary fully paid shares125,000 Unquoted 2009 options2,283,811Quoted 2009options
Class	•Ordinary fully paid shares•Quoted 30 Nov 2009 options exercisableat 20 cents
Number acquired	•53,568 Ordinary fully paid shares•26,784 Quoted 30 Nov 2009 optionsexercisable at 20 cents
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	•$14,999.04 for ordinary fully paid shares•Nil for Quoted 30 Nov 2009 optionsexercisable at 20 cents

• 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	Indirect :3,903,158 Ordinary fully paid shares125,000 Unquoted 2009 options2,310,595 Quoted2009 options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Pursuant from the Share Purchase Plan

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