BLUGLASS LIMITED — Director's Dealing 2016

Nov 22, 2016

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	William Johnson
Date of last notice	10 June 2015

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.

Note: In the case of a company, interests which comthis part.	Note: In the case of a company, interests which comthis part.	e within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in	e within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in	e within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in
	Direct or indirect interest		Direct.
	Nature of indirect interest
	(including registered holder)Note: Provide details of the circumstances giving r	ise to the relevant interest.
	Date of change		23 Nov 2016
	No. of securities held prior to ch	ange	670,000 Fully Paid ORD
	Class		Incentive Options
	Number acquired		240,000
	Number disposed		Nil
	Value/ConsiderationNote: If consideration is non-cash, provide details	and estimated valuation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	670,000 Fully Paid ORD240,000 Incentive Options issued to BluglassIncentive Option Trust expiring 1Dec 2019, $0.01 exercise price,subject to vesting criteria
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 issue of IncentiveOptions as approved at the 2016 AGM

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.

==> picture [434 x 319] intentionally omitted <==

----- Start of picture text ----- Detail of contract n/aNature of interest n/aName of registered holder n/a(if issued securities)Date of change n/aNo. and class of securities to which n/ainterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changedInterest acquired n/aInterest disposed n/aValue/Consideration n/aNote: If consideration is non-cash, provide details and anestimated valuationInterest after change n/a----- End of picture text -----

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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.

Appendix 3Y Page 3

11/3/2002