GWA GROUP LIMITED. — Director's Dealing 2018

Aug 23, 2018

ABN 15 055 964 380 1 61 7 3109 6000 1 61 7 3852 2201 www.gwagroup.com.au

7 Eagleview Place Eagle Farm OLD 4009

GPO Box 1411 Brisbane QLD 4001

24 August 2018

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

R J 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	20 February 2018

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 and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	HSBC Custody Nominees (Australia) Limited (Registered holder) 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 August 2018
No. of securities held prior to change	36,070 Indirect 700,500 Performance Rights (unvested)
Class	Ordinary
Number acquired	262,000 Direct
Number disposed	262,000 Performance Rights (unvested)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$932,720

⁺ See chapter 19 for defined terms.

No. of securities held after change	262,000 Direct 36,070 Indirect 438,500 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	Vesting of Performance Rights under GWA Group 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	$\overline{\phantom{a}}$
Name of registered holder (if issued securities)	$\overline{\phantom{0}}$
Date of change	$\overline{\phantom{0}}$
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	$\equiv$
Interest acquired	$\overline{\phantom{0}}$
Interest disposed	$\qquad \qquad$
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	$\blacksquare$
Interest after change	$\overline{\phantom{a}}$

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?	$\overline{\phantom{a}}$ No
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.