IGO LIMITED — Director's Dealing 2015

Nov 30, 2015

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01/12/2015

Jill Hewitt Senior Advisor, Listings (Perth) ASX Limited Exchange Plaza 2 The Esplanade Perth WA 6000

Dear Ms Hewitt

LATE LODGEMENT OF APPENDIX 3X

Independence Group NL (Company) (ASX: IGO) wishes to notify ASX that it inadvertently neglected to lodge an Appendix 3X for Mr Geoffrey Clifford upon his appointment as a Director of the Company on 10 December 2012.

We now enclose the Appendix 3X for lodgement and confirm that there has been no change in Mr Clifford’s interest in the shares of the Company since his appointment. We have outlined below an explanation on why the Appendix 3X has been lodged late.

1. Explanation why the Appendix 3X was lodged late

The Appendix 3X was lodged late due to an administrative oversight by the Company. The information required to lodge the Appendix was requested from Mr Clifford as part of his director appointment package and was disclosed to the Company with sufficient time allowance for the Company to comply with its obligations under listing rule 3.19A. The failure to lodge the Appendix 3X in this instance was purely as a result of oversight.

2. Company arrangements in place with directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A.

In accordance with listing rule 3.19B, the Company has the following processes in place to ensure it is able to meet its disclosure obligations:

(a) Each Director is informed of ASX disclosure requirements upon their appointment;

• (b) Part of the appointment packages for all new Directors is an agreement which places an obligation on the Directors to notify the Company of their initial interest on appointment and any ongoing disclosure of any changes. This obligation is also explained in their Letter of Appointment; and

• (c) The Company’s ‘Dealing in Securities Standard’ requires any Director wishing to trade in the Company’s securities must first obtain the consent to do so from the Chairman or in the case of the Chairman the Board of Directors.

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3. What additional steps does the Company intend to take to ensure compliance with listing rule 3.19B?

The Company considers the current arrangements to be adequate and notes that the late lodgement of the Appendix 3X was a result of an administrative oversight.

Yours sincerely

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Joanne McDonald Company Secretary INDEPENDENCE GROUP NL

PAGE | 2

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 INDEPENDENCE GROUP NL

ABN 46 092 786 304

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	GEOFFREY CLIFFORD
Date of appointment	10 DECEMBER 2012

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

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

olderthe case of a trust, this includes interests in the	trust made available by the responsible
Name of holder & nature of interest	Number & class of Securities
Note: Provide details of the circumstances giving rise
to the relevant interest.
N/A	-

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

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	-
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