IMDEX LIMITED — Director's Dealing 2014

Oct 16, 2014

216 Balcatta Road, Balcatta Western Australia 6021

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PO Box 1262, Osborne Park Western Australia 6916

Tel: +61 (0) 8 9445 4020 Fax: +61 (0) 8 9445 4042 imdex@imdexlimited.com

www.imdexlimited.com ABN 78 008 947 813

17 October 2014

Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001

Dear Sir/Madam

EPRP Update and Change in Directors Interest

The offer to Imdex Limited's staff to participate in the Performance Rights for FY15 pursuant to the Employee Performance Rights Plan (EPRP) has recently closed. The offer for 4.23 million Performance Rights was accepted by the Company's staff. These are identified as “Performance Rights 17” in the table below and exclude Performance Rights issued to Mr Ridgeway, Managing Director of Imdex approved by shareholders at the 2014 Annual General Meeting (shown as “Performance Rights 18” in the table below).

The EPRP offer entitles eligible Imdex staff members, for no consideration, to one fully paid ordinary share for every Performance Right offered. The Performance Rights are exercisable at the end of the three year period only if performance hurdles are achieved and vesting conditions are met.

Details of Performance Rights offered to Imdex staff are explained further in the Explanatory Memorandum to the Notice of Meeting for each applicable year’s Annual General Meeting. A copy of the EPRP was released to the market on 15 October 2009 and can also be referred to for further detail.

The table below also details prior grants of Performance Rights issued to staff since the introduction of the EPRP and the status of those with remaining obligations as at 17[th] October 2014.

Also attached is the requisite Appendix 3Y for the issue of 128,876 ordinary shares to Mr Ridgeway associated with the Performance Right allocation approved by shareholders at the FY10 AGM. The shares were issued to Mr Ridgeway following the successful satisfaction of the majority of the performance hurdles over the 3 year measurement period.

Yours faithfully

Imdex Limited

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Paul Evans Company Secretary

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Providing innovative drilling fluids and advanced down hole instrumentation worldwide.

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Details of Performance Rights on issue at 17[th] October 2014 are as follows:

Class	Grant date	Expiry date	Applicable Performance Hurdles	# of shares under performance rights
Performance Rights 7	5 Sep 11	Aug 15	Tenure	423,750
Performance Rights 11 – Managing Director – Tranche 3	18 Oct 12	Oct 17	Tenure, EPS/TSR performance	264,818
Performance Rights 13 – Managing Director – Tranche 4	17 Oct 13	Sept 16	Tenure, EPS/TSR performance	300,000
Performance Rights 15	1 Jul 14	Jul 17	Tenure	153,730
Performance Rights 16	1 Jul 14	Jul 17	Tenure	300,000
Performance Rights 17	1 Jul 14	Jul 17	Tenure, EPS/TSR performance	4,230,969
Performance Rights 18 – Managing Director – Tranche 5	1 Jul 14	Jul 17	Tenure, EPS/TSR performance	723,226
Total				6,396,493

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Providing innovative drilling fluids and advanced down hole instrumentation worldwide.

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 Imdex Limited

ABN 78 008 947

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	Bernie Ridgeway
Date of last notice	8 June 2012

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.	Indirect interest is held by Wear Services Pty Ltd, a Company of which Mr Ridgeway is a Director and Keeble Nominees Pty Ltd ATF (Ridgeway Superannuation Fund) of which Mr Ridgeway is a member.
Date of change	4 November 2013
No. of securities held prior to change	2,214,630 ordinary shares held as follows: - 987,893 by Wear Services Pty Ltd; and - 1,226,737 by Keeble Nominees Pty Ltd ATF (RidgewaySuperannuation Fund)
Class	Ordinary Shares
Number acquired	128,876
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	2,343,506 ordinary shares held as follows: - 128, 876 held directly; - 987,893 by Wear Services Pty Ltd; and - 1,226,737 by Keeble Nominees Pty Ltd ATF (Ridgeway Superannuation Fund)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	196,579 Performance Rights were issued to Mr Ridgeway for nil consideration after approval at the FY10 AGM. These performance rights were subject to performance hurdles being met and following the successful satisfaction of the majority of the performance hurdles over the 3 year measurement period, 128,876 shares were issued to Mr Ridgeway.

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.

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change
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Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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.

01/01/2011 Appendix 3Y Page 3