DESANE GROUP HOLDINGS LIMITED — Director's Dealing 2012

Dec 20, 2012

A.B.N. 61 003 184 932

GROUP HOLDINGS LIMITED

21 December 2012

The Manager Companies Australian Stock Exchange (Sydney) Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

APPENDIX 3Y Change of Director’s Interest Notice

Please find attached Appendix 3Y – Change of Director’s Interest Notice, on behalf of Mr Montrone.

Yours faithfully,

DESANE GROUP HOLDINGS LIMITED

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JOHN BARTHOLOMEW Company Secretary

ABOUT DESANE:

Desane Group Holdings Limited is a significant Sydney based landlord. The areas we specialise in are property investment, property services and property management. Desane has $45 million of assets and manages a further $21.5 million of industrial and commercial properties in the Sydney region. Our medium term objective is to continue to grow the Group’s property assets.

Level 1, 89 Moore St, Leichhardt NSW 2040 PO BOX 331, LEICHHARDT NSW 2040 Australia

Tel Int: 61 2 9569 0344 Fax Int: 61 2 9550 9363 Email: info@desane.com.au Website: www.desane.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	DESANE GROUP HOLDINGS LIMITED
ABN	61 003 184 932

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	FELICE MONTRONE
Date of last notice	14 June 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 or indirect interest	Direct or indirect interest	Direct and indirect	Direct and indirect	Direct and indirect
	Nature of indire	ct interest		Shareholder of	Cupara Pty Ltd;
	(including regisNote: Provide detail	tered holder)s of the circumstances giving rise to the	relevant	Shareholder of	Mansfield Holdings Pty
	interest.			Ltd;Beneficiary of super fund;Spouse; andChildren.
	Date of change			20 December 2012
	No. of securities held prior to change			Felice Montrone54,538
				Cupara Pty LtdM & M Super Fund	9,246,252 1,241,812
				Mansfield HoldingsMiranda Montrone	Pty Ltd234,914wife)54404
				,Riccardo D. Montrone (son)27,272Vanessa Montrone (daughter)119,002Susanna Montrone (daughter)119,002
	Class			Ordinary Shares
	Number acquired			76250
				,
	Number dispos	ed		103522
				,

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$30,500.00 for shares acquired$41,408.80 for shares disposed
No. of securities held after change	Felice Montrone	54,538
	Cupara Pty Ltd9,246,252
	M & M Super Fund1,318,062
	Mansfield Holdings Pty Ltd	158,664
	Miranda Montrone (wife)	54,404
	Riccardo D. Montrone (son)	0
	Vanessa Montrone (daughter)	119,002
	Susanna Montrone (daughter)	119,002
Nature of change	Off‐markettradebetween	indirect
Example: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in	interests; and off‐market trade
buy‐back

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	NOT APPLICABLE
Nature of interest	NOT APPLICABLE
Name of registered holder	NOT APPLICABLE
(if issued securities)
Date of change	NOT APPLICABLE
No. and class of securities to which	NOT APPLICABLE
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	NOT APPLICABLE
Interest disposed	NOT APPLICABLE
Value/Consideration	NOT APPLICABLE
Note: If consideration is non‐cash, provide details
and an estimated valuation
Interest after change	NOT APPLICABLE

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3