BLUGLASS LIMITED — Director's Dealing 2016

Apr 21, 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	Giles Bourne
Date of last notice	18 Nov 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.

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 Bluglass Incentive Trust andSuperannuation Fund
Date of change	22 April 2016
No. of securities held prior to change	2,124,000 unvested incentive options whicharesubjecttopre-determinedvesting criteria and held in BLGIncentive Trust on behalf of GBourne1,090,333 ORD held in BLG Incentive Truston behalf of G Bourne34,233 ORD held by G Bourne300,000 ORD held in Super Fund
Class	ORD

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	660,000 ORD – pursuant to the exercise ofIncentive Plan Options with an exercise priceof $0.01 per ORD
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$6,600
No. of securities held after change	1,464,000 unvested incentive options whicharesubjecttopre-determinedvesting criteria and held in BLGIncentive Trust on behalf of GBourne1,750,333 ORD held in BLG Incentive Truston behalf of G Bourne34,233 ORD held by G Bourne300,000 ORD held in Super Fund
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 660,000incentive plan options into ORD on theattainment of pre-determined KPI’s.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Itt id	Itt id
	Itt id			n/a
	neres acqure
	Interest disposed			n/a
	Value/Consideration			n/a
	Note: If consideration is non-cash, provide details and aestimated valuation		n
	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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