EXCITE TECHNOLOGY SERVICES LTD — Director's Dealing 2016

Mar 23, 2016

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ASX ANNOUNCEMENT | COVATA LIMITED

Change of Interest of Executive Director

SYDNEY – 24 March 2016

Covata Limited [ASX:CVT] ( the Company ) provides the attached Appendix 3Y relating to the recent sale by the Company’s CEO Trent Telford of 266,000 ordinary fully paid shares.

Mr Telford continues to hold a relevant interest in 5,576,976 shares and 10,416,325 unlisted options. On a fully diluted basis, the shares sold represent approximately 1.6% of Mr Telford’s total equity interests in the Company prior to the sale. Further to this, approximately 95% of Mr Telford’s fully diluted interest is escrowed until 10 November 2016.

Mr Telford remains fully committed to the Company as its CEO and as a shareholder.

Media and Investor Relations:

Nikki Parker

Vice President Growth and IR

Covata +1 (571) 353-4273 nichola.parker@covata.com

About Covata

Covata enables true ownership and control over your data in the cloud and over mobile services. We deliver data-centric security solutions without compromising simple usability, providing true end-toend security. Your data is always protected wherever it may travel – inside your network, beyond the domain, to mobile devices and to the cloud – with granular access controls that extend to external users, view-only restrictions, real-time revocation and complete visibility and auditability.

Own Your Data, control your data and choose where it is stored – with complete assurance that it is protected and secure. For further information please visit Covata.com.

©2015 Covata Limited or its affiliates

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	COVATA LIMITED
ABN	61 120 658 497

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	Trent David TELFORD
Date of last notice	17-03-2016

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Not applicable	Beneficial interest (registered holder named below)
Date of change	17 ,18 and 23 March 2016	No change
No. of securities held prior to change	4,379,883 ordinary shares. 1,040,000 employee share loan plan shares (ordinary shares). 10,000,000 options (exercisable at 20 cents expiring on 31 October 2019) 416,325 options (exercisable at 33 cents and expiring 17 December 2020)	Beneficial interest held through Cope Street Pty Ltd:  389,457 ordinary shares. Beneficial interest held through Telford Op Co Pty Ltd:  33,636 ordinary shares.
Class	Ordinary	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	Nil	Nil
Number disposed	66,516 employee share loan plan shares (ordinary shares) (17 March 2016) 73,484 employee share loan plan shares (ordinary shares) (18 March 2016) 126,000 (including 123,500 employee share loan plan shares (ordinary shares) (23 March 2016)	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$90,203.99	Not applicable.
No. of securities held after change	4,377,383 ordinary shares. 776,500 employee share loan plan shares (ordinary shares). 10,000,000 options (exercisable at 20 cents expiring on 31 October 2019) 416,325 options (exercisable at 33 cents and expiring 17 December 2020)	Beneficial interest held through Cope Street Pty Ltd:  389,457 ordinary shares. Beneficial interest held through Telford Op Co Pty Ltd:  33,636 ordinary shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market sale	No change

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
Name of registered holder (if issued securities)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

art 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?	Not applicable.
If prior written clearance was provided, on what date was this provided?	Not applicable.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3