AUSQUEST LIMITED — Director's Dealing 2009

May 17, 2009

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	26 August 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	12 May 2009
No. of securities held prior to change	Direct :300,000 Ordinary fully paid sharesIndirect :5,705,630 Ordinary fully paid shares250,000 2009 unlisted Options500,000 2011 unlisted Options3,005,942 2009 quoted options
Class	Ordinary shares
Number acquired	300,000 shares held indirectly
Number disposed	300,000 shares held directly
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.12 cents per share

• 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	No. of securities held after change	Indirect :300,000 Ordinary fully paid shares5,705,630 Ordinary fully paid shares	Indirect :300,000 Ordinary fully paid shares5,705,630 Ordinary fully paid shares	Indirect :300,000 Ordinary fully paid shares5,705,630 Ordinary fully paid shares	Indirect :300,000 Ordinary fully paid shares5,705,630 Ordinary fully paid shares
			250,000 2009 unlisted Options
			500,0003,005,94	2011 unlisted2 2009 quoted o	Options ptions
	Nature of change		Off mark	et trade of 300	000 ordinary shares
	Example: on-market trade, off-market trade, exercise of options,	issue of	from a di	rect holding to a	n indirect holding.
	securities under dividend reinvestment plan, participation in buy-bac	k
Part 2 – Change of director’s interests		in contracts

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