ETHERSTACK PLC — Regulatory Filings 2013

May 28, 2013

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 Etherstack plc

ARBN 156 640 532

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	Peter Stephens
Date of last notice	13 September 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.
Date of change	28 May 2013
No. of securities held prior to change	205,000 fully paid ordinary shares
	125,000 Options exercisable at £0.8 on or
	before30August 2016
Class	Right to convert Convertible Notes into fully
	paid ordinary shares at A$1.75 per share on
	or before 31 December 2015
Number acquired	142,858 fully paid ordinary shares convertible
	at AUD $1.75 per share on or before 31
	December 2015
Number disposed
Value/Consideration	A$250,000
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	205,000 fully paid ordinary shares 125,000 Options exercisable at £0.8 on or before 30 August 2016 250,000 Convertible notes which may be converted into 142,858 fully paid ordinary shares at A$1.75 per share on or before 31 December 2015
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Following the approval of the shareholders at the Annual General Meeting on 28 May 2013, the conversion rights attached to Convertible Notes may be exercised to convert Convertible Notes into fully paid ordinary shares at a conversion price of AUD $1.75 per share on or before 31 December 2015.

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

• 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 detailed above traded during a+closed period where prior written **clearance was required? **	No
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.

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