BLUGLASS LIMITED — Director's Dealing 2013

Apr 30, 2013

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: Bluglass Limited ABN 20 116 825 793

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	Chandra Kantamneni
Date of last notice	29 November 2011

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.	Direct
Date of change	1 May 2013
No. of securities held prior to change	117,647 Fully Paid Shares300,000 Director Incentive Plan Optionsexpiring1May2013,$0.17exercise price, subject to vestingcriteria280,000 Incentive Options issued toBluglass Incentive Option Trustexpiring 30 November 2014, $Nilexercise price, subject to vestingcriteria
Class	ORD

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	75,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.17 – Exercise price of unlisted options
No. of securities held after change	192,647 Fully Paid Shares280,000 Incentive Options issued toBluglass Incentive Option Trustexpiring 30 November 2014, $Nilexercise price, subject to vestingcriteria
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	As a result of the exercise of 75,000 unlistedoptions at an exercise price of $0.17 and theexpiry of the unvested portion of the sameseries of options.

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
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	n/a
Interest acquired	n/a

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 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
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

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