HIGH PEAK ROYALTIES LIMITED — Director's Dealing 2017

Feb 6, 2017

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	29 March 2016

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.

In the ca	In the ca	In the ca	se of a trust, this in	cludes interests in the tru	st made available	st made available	by the responsible entity of the trust	by the responsible entity of the trust	by the responsible entity of the trust	by the responsible entity of the trust	by the responsible entity of the trust
Note: In tdisclosedDire			he case of a company,	interests which come withi	n paragraph (i) of th		e definition of “notifiable int	erest of a director” should b
	disclosedDire		in this part.
		Dire	ct or indirect int	rest		I	ndirect
		Natu	re of indirect int	erest			1.Australasia	n Energy Pty Ltd	Ltd asCarrollio A/C
		(inclNote:intere	uding registeredProvide details of thst.	holder)e circumstances giving rise	to the relevant		(Director a2. Rae Carrol	nd Shareholder)l Nominees Pty
							TrusteeSuperannua(Director a	forThetion Plan – Portfolnd Member)
							3. Katherine J	ane Rae
							(Spouse of	Mr Carroll)
		Date	of change			0	6 February 2017
											57
		No. of securities held prior to change

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	See above
Number acquired	27,701 Ordinary Shares
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$969.54
No. of securities held after change	Direct: 1,902,609 Ordinary SharesIndirect:1. 1,125,000 Ordinary Shares2. 4,979,471 Ordinary Shares240,000 Options exercisable at 35cents expiring on the 28thApril 2017at 5:00pm (WST)3. 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 27,701 ordinaryshares,purchasedforatotalcashconsideration of $969.54.

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 details andan estimated valuation	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed 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