ETHERSTACK PLC — Regulatory Filings 2016

May 8, 2016

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Etherstack plc ACN/ARSN ARBN 156 640 532

1. Details of substantial holder(1)

Name David Deacon ACN/ARSN (if applicable) There was a change in the interests of the 4 /5 substantial holder on /2016 The previous notice was given to the company 11 /9 on /2012 11 /9 The previous notice was dated /2012

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Fully paid ordinary shares	18,241,850	57.04	48,241,850	66.21

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
4/5/2016	David Deacon	Take up entitlements under the Etherstack entitlements Issue	$3,000,000	30,000,000 CDIs over fully paid ordinary shares	30,000,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
David Deacon	David Deacon	David Deacon	Direct ownership	18,241,850 shares	18,241,850
David Deacon	David Deacon	David Deacon	Direct ownership	30,000,000 CDIs over fully paid ordinaryshares	30,000,000

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
David Deacon	Kerkstraat 408-1, Amsterdam 1017 JC the Netherlands

Signature David Deacon capacity print name

sign here

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date 6 /5 /2016