FBR LTD — Director's Dealing 2012

Jan 5, 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	Mr Geoffrey John Bell
Date of last notice	5 July 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	As shareholder and director of TwelfthVilmar Pty Ltd and Twelfth Vilmar Pty Ltdatf GJB Super Fund
Date of change	30 December 2011
No. of securities held prior to change	Twelfth Vilmar Pty Ltd atf GJB SuperFund - 6,056,587 sharesTwelfth Vilmar Pty Ltd - 3,333,333 shares350,000 Options, 30 June 2012, $0.05350,000 Options, 30 June 2013, $0.06
Class	Ordinary Shares
Number acquired	-
Number disposed	Reduction in share & option holding due to1:4 consolidation as approved at AGM on 15December 2011. Shares reduced by7,042,440, options reduced by 525,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Not applicable

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Twelfth Vilmar Pty Ltd atf GJB Super
	Fund - 1,514,147 shares
	Twelfth Vilmar Pty Ltd - 833,333 shares
	87,500 Options, 30 June 2012, $0.20
	87,500 Options, 30 June 2013, $0.24
Nature of change	Reduction in share & option holding due to
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	1:4 consolidation as approved at AGM on 15December 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

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade NA to proceed during this period? If prior written clearance was provided, on what date was this NA provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3