DOTZ NANO LIMITED — Director's Dealing 2010

Feb 16, 2010

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:ABN	Northern Iron Limited
	71 125 264 575

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	John Sanderson
Date of appointment	16 February 2010

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

Nil.

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

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 Number & class of Securities interest

Note: Provide details of the circumstances giving rise to the relevant interest. N/A N/A

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		Employment contract
Nature of interest		N/A
Name of registered holder(if issued securities)		N/A
No. and class of securities towhich interest relates		Subject to approval by shareholders – MrSanderson will be entitled to participate in theCompany’s long term incentive scheme asfollows (subject to tenure and performancehurdles):NoofoptionsExercisePriceVestingDateExpiry500,000$2.1524/08/121yrfromvesting500,000$2.5024/08/121yrfromvesting500,000$3.0024/08/121yrfromvesting1,500,000In the event that shareholder approval is notgranted for the option grants above, MrSanderson will be entitled to a cash payment inlieu.

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002