BCI MINERALS LIMITED — Director's Dealing 2017

Sep 6, 2017

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 BC Iron Limited

ABN 21 120 646 924

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Martin Bryant
Date of last notice	19 December 2016

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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	4 September 2017
No. of securities held prior to change	1) 248,822 fully paid ordinary shares2) 200,000 Performance Rights expiring 19December 2021
Class	1) Fully paid ordinary shares (BCI)2) Performance Rights(BCI)
Number acquired	132,000 fully paid ordinary shares (BCI) onconversion of unlisted performance rights underthe Company’s Employee Performance RightsPlan
Number disposed	68,000 performance rights expiring 19 December2021 lapsed as performance hurdles were not metduring the relevant performance period.
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	Nil Consideration. Shares were issued onexercise of performance rights which had vestedfollowing the satisfaction of relevant performanceconditions

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1) 380,822	fully paid ordinary shares (BCI)
Nature of change	1) 132,000	performance rights relating to
Example: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	financial year 2017 performance vested asthey met the performance hurdle and wereconverted to fully paid ordinary shares (BCI)
	2) 68,000	performancerightsrelatingto
	financial	year 2017 performance did not meet
	the performance hurdles and lapsed

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	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non‐cash, provide details
and an estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011