CYCLOPHARM LIMITED — Director's Dealing 2015

Jan 28, 2015

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 CYCLOPHARM LIMITED ABN 74 116 931 250

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	James McBrayer
Date of last notice	6/11/2012

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
Nature of indirect interest	N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	1/9/2014
	1/9/2014
	31/10/2014
	31/10/2014
No. of securities held prior to change	1,373,294
Class	Ordinary Shares
Number acquired	1,723,456
Number disposed	1,341,476
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimated	Not applicable
valuation
No. of securities held after change	1,755,274

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	1/9/2014 : 861,728 LTIP Shares acquiredfor $0.22 each under a limited recourseloan facility provided by the Company for2 years1/9/2014 : 861,728 LTIP Shares acquiredfor $0.25 each under a limited recourseloan facility provided by the Company for2 years31/10/2014 : 894,317 Long Term IncentivePlan (LTIP) Shares exercisable at $0.50have lapsed31/10/2014 : 447159 Long Term Incentive	1/9/2014 : 861,728 LTIP Shares acquiredfor $0.22 each under a limited recourseloan facility provided by the Company for2 years1/9/2014 : 861,728 LTIP Shares acquiredfor $0.25 each under a limited recourseloan facility provided by the Company for2 years31/10/2014 : 894,317 Long Term IncentivePlan (LTIP) Shares exercisable at $0.50have lapsed31/10/2014 : 447159 Long Term Incentive	1/9/2014 : 861,728 LTIP Shares acquiredfor $0.22 each under a limited recourseloan facility provided by the Company for2 years1/9/2014 : 861,728 LTIP Shares acquiredfor $0.25 each under a limited recourseloan facility provided by the Company for2 years31/10/2014 : 894,317 Long Term IncentivePlan (LTIP) Shares exercisable at $0.50have lapsed31/10/2014 : 447159 Long Term Incentive
		,Plan (LTIP) Shares exerhave lapsed	cisable at $0
		have lapsed	.35

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	Detail of contract	Nil	Nil	Nil	Nil
Natur	e of interest	Nil
Nam(if iss	e of registered holderued securities)	Nil
Date	of change	Nil
No. ainterNote:relation	nd class of securities to whichest related prior to changeDetails are only required for a contract into which the interest has changed	Nil
Inter	est acquired	Nil
Inter	est disposed	Nil
ValueNote: Iand an	/Considerationf consideration is non‐cash, provide detailsestimated valuation	Nil
Inter	est after change	Nil
	–+Closed period
			tracts detailede prior writtenNo
Wereabovclear	the interests in the securities or cone traded during a+closed period wherance was required?		tracts detailede prior written	No

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not Applicable
If prior written clearance was provided, on what date was thisprovided?	Not Applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3