GWA GROUP LIMITED. — Director's Dealing 2017

Feb 26, 2017

ABN 15 055 964 380 t 61 7 3109 6000 f 61 7 3852 2201 www.gwagroup.com.au

7 Eagleview Place Eagle Farm QLD 4009

GPO Box 1411 Brisbane QLD 4001

27 February 2017

ASX On-Line Manager Company Announcements Australian Securities Exchange

Dear Sir

Change of Director's Interest Notice

Attached is an Appendix 3Y Change of Director's Interest Notice for Mr T R Salt.

Yours faithfully

$RJ$ Thornton Executive Director

Appendix 3Y

Rule 3.19A.2

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	GWA GROUP LIMITED
ABN	ABN 15 055 964 380

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	Timothy Richard Salt
Date of last notice	23 February 2017

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	HSBC Custody Nominees (Australia) Limited
(including registered holder)	(Registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	The GWA shares are beneficially owned by T&M Salt
	Holdings Pty Ltd as trustee for The Salt Family Trust.
	Tim Salt is a director and shareholder of T&M Salt
	Holdings Pty Ltd
Date of change
	24 February 2017
No. of securities held prior to change	29,760 Indirect
	262,000 Performance Rights (unvested)
Class	Ordinary
Number acquired	214,500 Performance Rights (unvested)
Number disposed	$\overline{\phantom{a}}$
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation

⁺ See chapter 19 for defined terms.

No. of securities held after change	29,760 Indirect 476,500 Performance Rights (unvested)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Grant of Performance Rights under GWA Long Term Incentive Plan

Part 2 - Change of director's interests in contracts

$N/A$

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	۰
Nature of interest	÷.
Name of registered holder (if issued securities)	٠
Date of change	٠
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	$\sim$
Interest acquired	$\overline{\phantom{a}}$
Interest disposed	$\overline{\phantom{a}}$
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	$\overline{\phantom{a}}$
Interest after change	$\overline{\phantom{0}}$

Part 3 - ⁺Closed period

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

⁺ See chapter 19 for defined terms.