INVION LIMITED — Director's Dealing 2012

Nov 8, 2012

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 INVION LIMITED ABN 76 094 730 417

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	DR MITCHELL GLASS
Date of last notice	31 August 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.

Part 1 - Change of director’s relevant interests in sIn the case of a trust, this includes interests in the trust mNote: In the case of a company, interests which come within parbe disclosed in this part.Direct or indirect interestNature of indirect interest(including registered holder)				ecuritiesade available by the responsible e
				agraph (i) of the definition of “notifiab
				Direct
	Nature of indirect interest(including registered holder)					n/a
	Note: Provide details of the circumstances giving rise to the relevantinterest.
	Date of change					9 November 2012
	No. of securities held prior to change					13,677,032 ordinary fully paid shares
	Class					Share Otions
						p
	Number acquired					10,000,00	0
	Number disposed					nil
	Value/Consideration					nil
Note: If consideration is non-cavaluation	Note: If consideration is non-cavaluation	sh, provi	de details and estimated

• 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	13,677,032 ordinary fully paid shares
	10,000,000 share options
	Exercise price: $0.09
	Expiry date: 9 November 2017
	Options will vest on the following dates and
	in the following proportions:
	11 months from date of issue (20%)
	23 months from date of issue (20%)
	35 months from date of issue (20%)
	47 months from date of issue (20%)
	59 months from date of issue (20%)
Nature of change	Issued in accordance with Shareholder
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	resolution at the AGM held 8 November2012.

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	n/a
(if issued securities)
Date of change	n/a
No. and class of securities to which	n/a
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration	n/a
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	n/a
If so, was prior written clearance provided to allow the tradeto proceed during this period?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3