IMDEX LIMITED — Director's Dealing 2014

Jul 28, 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

28 July 2014

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

Dear Sir/Madam

Partial sale of Imdex Limited shareholding in Sino Gas & Energy Holdings Limited

The Board of Imdex Limited (ASX: IMD) ( Imdex ) advises that it today sold its remaining shareholding in non-core investment Sino Gas & Energy Holdings Limited (ASX: SEH).

The Company sold 91.9 million shares in Sino Gas & Energy via a bookbuild to institutional and sophisticated investors at a price of 18.5 cents per share to realise gross cash proceeds of $17.0 million at a book profit of $14.2 million.

The sale proceeds will further strengthen Imdex’s cash position and provide additional financial flexibility as the Company continues to execute its growth strategy in FY15 and beyond.

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.

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

ACN/ARSN

Sino Gas & Energy Holdings Ltd

124 242 422

1. Details of substantial holder (1)

Name Imdex Limited and Imdex International Pty Ltd ACN/ARSN (if applicable) 008 947 813 and 120 543 900

The holder ceased to be a substantial holder on 28 / 07 / 2014 The previous notice was given to the company on 26 / 03 / 2014 The previous notice was dated 26 / 03 / 2014

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
28/07/2014	Imdex International Pty Ltd	Sale of 91,908,446 shares on 28 July 2014	18.5c / share	Ordinary Shares 91,908,446	91,908,446

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Imdex International Pty Ltd	Imdex International Pty Ltd is a 100% owned subsidiary of Imdex Limited
Imdex Limited	Imdex International Pty Ltd is a 100% owned subsidiary of Imdex Limited

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Imdex Limited	PO Box 1262,Osborne Park, Western Australia
Imdex International Pty Ltd	PO Box 1262,Osborne Park, Western Australia

Signature

print name Paul Evans capacity Company Secretary

605 Page 2 of 2 15 July 2001

date 28 / 07 / 2014

sign here

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.