AXTEC LIMITED — Director's Dealing 2011

Mar 3, 2011

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 30/09/01 Amended 01/01/11

Name of entity	AXIOM PROPERTIES LIMITED
ABN	40 009 063 834

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	Ian James Laurance AM
Date of last notice	22 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

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	Indirect
Nature of indirect interest	Director and shareholder of Seamist Pty Ltd
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	4 March 2011
No. of securities held prior to change	Ordinary Fully Paid Shares:
	250,000– Seamist Pty Ltd
	Performance Rights:
	2,000,000– Seamist Pty Ltd
Class	Fully Paid Ordinary Shares
	Performance Rights
Number acquired	1,000,000Fully Paid Ordinary Shares
Number disposed	1,000,000Performance Rights were exercised
Value/Consideration	$nil
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Ordinary Fully Paid Shares:1,250,000– Seamist Pty LtdPerformance Rights:1,000,000– Seamist Pty Ltd
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back		The ordinary fully paid shares are issuedfollowing exercise of vested PerformanceRights in accordance with Axiom PropertiesLimited’s Performance Rights 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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this n/a provided?

• See chapter 19 for defined terms.

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