BCI MINERALS LIMITED — Director's Dealing 2017

Aug 23, 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.

Name of Director	Alwyn Petrus Vorster
Date of last notice	4 July 2017

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Alwyn Vorster <The Vorster Family A/CA/C> – a company in which the director has acontrolling interest.
Date of change	22 August 2017
No. of securities held prior to change	1) 6,000,000 performance rights expiring 24May 20232) 1,095,645 fully paid ordinary shares (BCI)
Class	Performance Rights (BCI)Fully paid ordinaryshares(BCI)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Number acquired	Number acquired	Number acquired	1,320,000 fully paid ordinary shares (BCI) onconversion of unlisted performance rightsunder the Company’s Employee PerformanceRights Plan	1,320,000 fully paid ordinary shares (BCI) onconversion of unlisted performance rightsunder the Company’s Employee PerformanceRights Plan	1,320,000 fully paid ordinary shares (BCI) onconversion of unlisted performance rightsunder the Company’s Employee PerformanceRights Plan	1,320,000 fully paid ordinary shares (BCI) onconversion of unlisted performance rightsunder the Company’s Employee PerformanceRights Plan
	Number disposed			680,000 performance rights expiring 24 May2023 lapsed as performance hurdles were notmet during 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 hadvested following the satisfaction of relevantperformance conditions
	No. of securities held after change			1) 4,000,000 performance rights expiring 24May 20232) 2,415,645 fully paid ordinary shares (BCI)
	Nature of change			1) 1,320,000 performance rights relating to
	Example: on-market trade, off-market tradeissue of securities under dividend reinvestmen	, exercise of optioplan participation	ns,in	financial year	2017 performance vested as
	buy-back	,		they met the	performance	hurdle and wereary shares (BCI)li
				converted to f2	ully paid ordini
				) 680,000 perfinancial ear	ormance rg2017 erform	ts reatng tonce did not meet
				ytheperforman	pce 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(if issued securities)	N/A
Date of change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3