CAPRAL LIMITED — Director's Dealing 2018

Mar 4, 2018

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 30/09/01 Amended 01/01/11

Name of entity	Capral Limited
ABN	78 004 213 692

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	Anthony Matthew Dragicevich
Date of last notice	23 May 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 interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise tothe relevant interest.Date of changeNo. of securities held prior to changeClassNumber acquired

1&2. Direct3. Indirect1&2. N/A3. Dragant Superannuation Account5 March 20181. 4,250,000 ordinary shares2. 2,083,250 Rights granted that may expire on 1March 2018 pursuant to shareholder approval on 16April 2015 (2015 Rights), 2,500,000 Rights grantedthat may expire on 1 March 2019 pursuant toshareholder approval on 14 April 2016 and2,000,000 Rights granted that may expire on 1March 2020 pursuant to shareholder approval on 11May 2017, under the Capral Limited Long TermIncentive Plan3. 2,000,000 ordinary shares1&3. Ordinary shares2. Performance rights that automatically convert toordinary shares in Capral on a one for one basisupon vesting1. 1,272,750 ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	1&3. N/A
	2. 2,083,250 of 2015 Rights (1,272,750 converted
	on a 1 for 1 basis into shares on vesting and
	810,500 lapsed)
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and
estimated valuation
No. of securities held after change	1. 5,522,750 ordinary shares
	2. 2,500,000 Rights granted that may expire on 1
	March 2019 pursuant to shareholder approval on 14
	April 2016 and 2,000,000 Rights granted that may
	expire on 1 March 2020 pursuant to shareholder
	approval on 11 May 2017, under the Capral Limited
	Long Term Incentive Plan
	3. 2,000,000 ordinary shares
Nature of change	Issue of 1,272,750 shares on the vesting of
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	1,272,750 of 2015 Rights and lapse of 810,500 of2015 Rights

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
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change

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?	N/A
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date wasthis provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011