COCHLEAR LIMITED — Director's Dealing 2015

Sep 3, 2015

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 Cochlear Limited ABN 96 002 618 073

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Christopher Michael Smith
Date of appointment	1 September 2015

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

10,788 fully paid ordinary shares

12,531 options

30,367 long term incentive options subject to performance hurdles and vesting timeframes (“LTI Options”)

6,196 long term incentive share rights subject to performance hurdles and vesting timeframes (“LTI Performance Rights”)

1,199 short term incentive share rights subject to the vesting timeframe (“STI Deferral Performance Rights”)

• See chapter 19 for defined terms.

Appendix 3X Page 1

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest	Number & class of Securities
Note: Provide details of the circumstances giving rise
to the relevant interest.
N/A	Nil

Part 3 – 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	Mr Smith has entered into a financing
	arrangement to purchase 10,000 of the shares
	disclosed in Part 1. The financing arrangement
	has put options maturing in August 2016 in
	relation to all of the shares disclosed in Part 1.
Nature of interest	Put options in relation to fully paid ordinary
	shares
Name of registered holder	Christopher Michael Smith
(if issued securities)
No. and class of securities to which	10,788 fully paid ordinary shares
interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002