HIGH PEAK ROYALTIES LIMITED — Director's Dealing 2016

Mar 28, 2016

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 High Peak Royalties Limited

ABN 79 118 065 704

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	Andrew Robert Carroll
Date of last notice	25 June 2014

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 & Indirect	Direct & Indirect
Nature of indirect interest	1.	Australasian Energy Pty Ltd
(including registered holder)		(Director and Shareholder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
	2.	Rae Carroll Nominees Pty	Ltd as
		TrusteeforThe	Carroll
		Superannuation Plan – Portfolio A/C
		(Director and Member)
	3.	Katherine Jane Rae
		(Spouse of MrCarroll)
Date of change	29 March 2016
No. of securities held prior to change	Direct:
		1,902,609 Ordinary Shares
	Indirect:
	1.	1,125,000 Ordinary Shares
	2.	4,951,770 Ordinary Shares
		240,000 Options exercisable at 35
		cents expiring on or before the 15th
		April 2017 at 5:00pm (WST)
	3.	1,050,000 Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Class	See above
Number acquired	75,000 Ordinary Shares
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$4,950.00
No. of securities held after change	Direct: 1,902,609 Ordinary SharesIndirect:4. 1,125,000 Ordinary Shares5. 4,951,770 Ordinary Shares240,000 Options exercisable at 35cents expiring on the 28thApril 2017at 5:00pm (WST)6. 1,050,000 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On Market purchase of 75,000 ordinaryshares,purchasedforatotalcashconsideration of $4,950.00.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3