BLUGLASS LIMITED — Director's Dealing 2017

Nov 7, 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 30/9/2001.

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	31 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	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, JointHolding and Superannuation Fund
Date of change	8 November 2017
No. of securities held prior to change	1,150,000 unvested incentive options whicharesubjecttopre-determinedvesting criteria and held in BLGIncentive Trust on behalf of GBourne1,714,333 ORD held in BLG Incentive Truston behalf of G Bourne81,208 ORD held by G Bourne or G Bourne& JL Ryan346,875 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	1,150,000 ORD – increase as a result of theexercise of incentive options into ORDwithin the BLG Incentive Trust as a result ofKPI attainment.
Number disposed	1,150,000 Incentive Options – reduction as aresult of the exercise of incentive optionsinto ORD within the BLG Incentive Trust
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$11,500
No. of securities held after change	2,864,333 ORD held in BLG Incentive Truston behalf of G Bourne81,208 ORD held by G Bourne or G Bourne& JL Ryan346,875 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	Conversion of Incentive Options intoORD as a result of KPI attainment.

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.

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Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to n/a which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired n/a 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

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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