DEEP YELLOW LIMITED — Director's Dealing 2013

Dec 1, 2013

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ASX Announcement

ASX Code: DYL

2 December 2013

Change in Directors Interests

Deep Yellow Limited (ASX: DYL, Deep Yellow or the Company) confirms the following changes to Directors interests.

The attached Appendix 3Y provides an update to securities issued and changes to the holdings for Mr Greg Cochran which had not previously been released.

The Company advises that it is aware of its listing rule obligations in relation to these disclosures and specifically listing rules 3.19A and 3.19B. In this respect the Company makes the following statements about the attached Appendix 3Y.

1. The Appendix 3Y is being filed to correct an administrative oversight;

2. The Company has informed all Directors of the disclosure requirements set out in listing rules 3.19A, 3.19B and s205G of the Corporations Act. In addition the Company has adopted a Securities Trading Policy which has been disclosed to the market and outlines the requirements for disclosure and approval of all securities trading; and

3. The Company is confident that the arrangements it currently has in place are adequate and doesn’t believe that any additional steps are required to ensure ongoing compliance with listing rule 3.19B.

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Mark Pitts Company Secretary

Level 1, 329 Hay Street, Subiaco, WA 6008 / PO Box 1770, Subiaco, WA 6904 Tel : 61 8 9286 6999 / Fax : 61 8 9286 6969 / ABN 97 006 391 948 Email: info@deepyellow.com.au / Website: www.deepyellow.com.au

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 DEEP YELLOW LIMITED ABN 97 006 391 948

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	Greg Cochran
Date of last notice	27 July 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	a) 6 Dec 2012 b) 8 July 2013 c) 8 July 2013 d) 23 Oct 2013 e) 29 Oct 2013
No. of securities held prior to change	450,000 Ordinary Shares 1,500,000 Performance share rights due to vest on 30 June 2013 subject to certain time and performance related conditions
Class	Ordinary Shares and Performance Share Rights
Number acquired	a) 5,500,000 performance share rights b) – c) 300,000 ordinary shares d) 750,000 ordinary shares e) 7,000,000 performance share rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	a) – b) 1,200,000 performance share rights (lapsed) c) 300,000 performance share rights converted to shares d) – **e) **
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) Nil b) Nil c) Nil d) $15,000l e) Nil
No. of securities held after change	12,500,000 performance share rights due to vest at various dates and subject to certain time and performance related conditions. 800,000 vesting on 1 Dec 2013 3,450,000 vesting on 1 Dec 2014 5,250,000 vesting on 1 Dec 2015 3,000,000 vesting on 1 Dec 2016 1,500,000 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of performance share rights following approval received at Annual General Meeting Allotment of shares on vesting of performance share rights Lapsing of performance share rights if vesting conditions not met Allotment of shares following participation in Share Purchase Plan

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3