DE.MEM LIMITED — Director's Dealing 2019

Jan 10, 2019

11 January 2019

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Anjuli Sinniah Senior Advisor, Listings Compliance (Perth)

Dear Anjuli,

Appendix 3Y – Change of Director’s Interest Query

We refer to your letter dated 10 January 2019 and respond as follows:

1. The Appendix 3Y was lodged late due to an oversight.

2. The Company and the Directors are aware of their obligations under Listing Rule 3.19A and the Company has adopted a Securities Trading Policy which is actively considered. The Company notes that the shares acquired by a Director in this instance, the subject of this Appendix 3Y, were in relation to a pro-rata entitlements issue.

3. The Company believes that its current practices are adequate to ensure compliance with Listing Rules 3.19B.

Kind regards

Brett Tucker Company Secretary

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10 January 2019

Mr Brett Tucker Company Secretary De.Mem Limited

By email:

Dear Mr Tucker

De.Mem Limited (‘DEM’): Appendix 3Y – Change of Director’s Interest Notice Query

ASX refers to the following:

1. DEM’s Appendix 3Y lodged on the ASX Market Announcements Platform (‘MAP’) on 8 January 2019 for Mr Cosimo Trimigliozzi (the ‘Notice’);

2. Listing Rule 3.19A which requires an entity to tell ASX the following:

   • 3.19A.1 “The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the following times.

     • On the date that the entity is admitted to the official list.

     • On the date that a director is appointed.

The entity must complete Appendix 3X and give it to ASX no more than 5 business days after the entity’s admission or a director’s appointment.

• 3.19A.2 A change to a notifiable interest of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) including whether the change occurred during a closed period where prior written clearance was required and, if so, whether prior written clearance was provided. The entity must complete Appendix 3Y and give it to ASX no more than 5 business days after the change occurs.

• 3.19A.3 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the date that the director ceases to be a director. The entity must complete Appendix 3Z and give it to ASX no more than 5 business days after the director ceases to be a director.”

1. Listing rule 3.19B which states that:

“An entity must make such arrangements as are necessary with a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) to ensure that the director discloses to the entity all the information required by the entity to give ASX completed Appendices 3X, 3Y and 3Z within the time period allowed by listing rule 3.19.A. The entity must enforce the arrangements with the director.”

The Notice indicates that a change in Mr Trimigliozzi’s notifiable interest occurred on 24 December 2018. It appears that the Notice should have been lodged with ASX by 3 January 2019. Consequently, DEM may have breached Listing Rules 3.19A and/or 3.19B.

Please note that ASX is required to record details of breaches of the Listing Rules by listed entities for its reporting requirements.

ASX reminds DEM of its contract with ASX to comply with the Listing Rules. In the circumstances, DEM should make necessary arrangements to ensure it does not continue to breach the Listing Rules.

ASX Customer Service Centre 131 279 | asx.com.au

ASX Limited [[Listings]]

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Request for Information

Under Listing Rule 18.7, we ask that you answer each of the following questions having regard to Listing Rules 3.19A and 3.19B and Guidance Note 22: Director Disclosure of Interests and Transactions in Securities - Obligations of Listed Entities .

1. Please explain why the Appendix 3Y was lodged late.

2. What arrangements does DEM have in place under Listing Rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under Listing Rule 3.19A?

3. If the current arrangements are inadequate or not being enforced, what additional steps does DEM intend to take to ensure compliance with Listing Rule 3.19B?

When and where to send your response

Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au . It should not be sent to the ASX Market Announcements Office.

A response is requested as soon as possible and, in any event, no later than 2pm WST on 14 January 2019

Under Listing Rule 18.7A, a copy of this letter and your response will be released to the market, so your response should be in a form suitable for release and must separately address each of the questions asked.

Enquiries

If you have any queries or concerns about any of the above, please contact me immediately.

Regards

Anjuli Sinniah

Senior Adviser, Listings Compliance (Perth)

2/2 ASX Customer Service Centre 131 279 | asx.com.au