IGO LIMITED — Director's Dealing 2017

May 16, 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: INDEPENDENCE GROUP NL ABN: 46 092 786 304

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	PETER BILBE
Date of last notice	29 August 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.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Held through Mr Peter R Bilbe & Mrs Janet CBilbe <PR & JC Bilbe Superannuation FundA/C> which is controlled by Peter Bilbe andhis spouse.
Date of change	16 May 2017
No. of securities held prior to changeMr Peter R Bilbe & Mrs Janet C Bilbe <PR & JCBilbe Superannuation Fund A/C>	24,000 ordinary shares fully paid
Class	Ordinary shares fully paid
Number acquired	8,000 ordinary shares fully paid
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$25,360.00
No. of securities held after changeMr Peter R Bilbe & Mrs Janet C Bilbe <PR & JCBilbe Superannuation Fund A/C>	32,000 ordinary shares fully paid

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On-market purchase. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

Part 2 – Change of	Part 2 – Change of	director’s interests i	director’s interests i	n contracts
Note: In the case of a compan		y, interests which come within		paragraph (ii) of the definition	of “notifiable interest of a director”	should
be disclosed in this part.
Detail of contract
	Detail of contract		n	/a
	Nature of interest		n	/a
	Name of registered	holder	n	/a
	(if issued securities	)
	Date of change		n	/a
	No. and class of s	ecurities to which	n	/a
	interest related prioNote: Details are only rerelation to which the intere	r to changequired for a contract inst has changed
	Interest acquired		n	/a
	Interest disposed		n	/a
	Value/Consideratio	n	n	/a
	Note: If consideration is non-cash, provide detailsand an estimated valuation
	Interest after change		n/a

Part 3 –[+] Closed period

	Interest after change	n/a
	art 3 –+Closed period
	Were the interests in the sec	urities or contrac	ts detailed	No
	above traded during a+closed	period where pr	ior written
	clearance was required?
	If so, was prior written clearancto proceed during this period?	e provided to allo	w the trade	n/a
If prior written clearance was provided, on what date was thisprovided?	If prior written clearance was pr	vided on what da	te was this	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011