FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Director's Dealing 2016

May 12, 2016

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity FirstWave Cloud Technology Limited ABN 35 144 733 595

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Steve O’Brien
Date of appointment	8 March 2016

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest	Number & class of Securities
Note: Provide details of the circumstances giving rise
to the relevant interest.
	4,800,000 options being:
	-960,000 exercisable at $0.25 each vesting 12
	May 2017;
	-960,000 exercisable at $0.25 each vesting 12
	May 2018;
	-1,440,000 exercisable at $0.35 each vesting 12
Sibella O’Brien	May 2018; and
	-1,440,000 exercisable at $0.45 each vesting 12
	May 2019.
	All 4,800,000 options have an exercise
	period of 5 years commencing on the date
	that option becomes exercisable subject to
	certain lapsing conditions and all areescrowed
	for a period of 2 years from the date of quotation
	of the Company’s Shares on the ASX.

Part 3 – 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	N/A
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities to whichinterest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002