BLUGLASS LIMITED — Director's Dealing 2015

Jun 9, 2015

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	Greg Cornelsen
Date of last notice	21 Jan 2014

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 and Indirect.
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Held Via Cornelsen Investments Pty Ltd andJarnel Superannuation Fund
Date of change	10 June 2015
No. of securities held prior to change	1,307,941 Fully Paid Ordinary Shares267,000 Incentive Options issued to BluglassIncentive Option Trust expiring 1Dec 2016, $0.01 exercise price,subject to vesting criteria
Class	ORD
Number acquired	240,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

	Value/ConsiderationNote: If consideration is non-cash, provide details and e							$15,000
						stimated valuation
	No. of securities held after change							1547941 Fully			Paid Ordinary Shares
								,,267,000 Incentive Options issued to Bluglass
								InceD		ntive Option Trust expiring 12016 $001 i i
								ec		, . exercse prce,
									subj	ect to vesting c		riteria
	Nature of change							As a result o		f participation in recently
	Example: on-market trade, off-market trade, exercissecurities under dividend reinvestment plan, participa				e of options, issue oftion in buy-back			completed SPP.

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.

	Note: In the case of a company, interests which come within paragraph (ii) of the	Note: In the case of a company, interests which come within paragraph (ii) of the	Note: In the case of a company, interests which come within paragraph (ii) of the	Note: In the case of a company, interests which come within paragraph (ii) of the	Note: In the case of a company, interests which come within paragraph (ii) of the	definition of “notifiable interest of a di	definition of “notifiable interest of a di	definition of “notifiable interest of a di	rector” should be disclosed	rector” should be disclosed	rector” should be disclosed	rector” should be disclosed
	in this part.
	Detail of contract			n/a
	Nature of interest			n/a
	Name ofif i	registered hol	der	n	/a
		securities)
	( ssue
	Date of	hange		n	/a
	No. and
		class of se	curities to	n	/a
	which i	nterest relate	d prior to
	change
	Note: Details	are only required for a cterest has changed	ontract in relation
	to which the in
	Interest	id			/
		acqure		n	a
	Interest	disposed		n	/a
	Value/C	onsideration		n	/a
	Note: If consiestimated valu	eration is non-cash, proation	vide details and an
	+ See chater 19 for defined terms

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change n/a

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 provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002