FBR LTD — Director's Dealing 2012

Jan 15, 2012

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 Dromana Estate Limited ABN 58 090 000 276

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	Cheung Kwan
Date of last notice	July 5, 2010

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	30 December 2011
No. of securities held prior to change	Ordinary Shares 470,319
	Options 30 June 2012 350,000
	Options 30 June 2013 350,000
Class	Ordinary shares
Number acquired	-
Number disposed	Reduction in share & option holding due to
	1:4 consolidation as approved at AGM on 15
	December 2011. Shares reduced by 352,739,
	options reduced by525,000
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	Not applicable
No. of securities held after change	Ordinary Shares 117,580
	87,500 Options,30 June 2012, $0.20
	87,500 Options, 30 June 2013, $0.24

• See chapter 19 for defined terms.

01/01/2011Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of Reduction in share & option holding due to securities under dividend reinvestment plan, participation in buy-back 1:4 consolidation as approved at AGM on 15 December 2011

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

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?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011