INVION LIMITED — Director's Dealing 2013

May 19, 2013

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	BRETT HEADING
Date of last notice	9 November 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Clovely Estate Pty Ltd, of which Mr Heading is a Director.
Date of change	17 May 2013
No. of securities held prior to change	84,040 Fully paid Ordinary Shares 1,000,000 share options with an exercise price of $0.09 and an expiry date of 9 November 2017
Class	Fully paid Ordinary Shares
Number acquired	111,111
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.045 per share

• 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 195,151 Fully paid Ordinary Shares 1,000,000 share options with an exercise price of $0.09 and an expiry date of 9 November 2017 Nature of change Issue of securities further to participation as

Example: on-market trade, off-market trade, exercise of options, an eligible shareholder under the Company’s issue of securities under dividend reinvestment plan, participation in buy-back Share Purchase Plan dated 28 March 2013.

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 (if issued securities)	n/a
Date of change	n/a
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	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	n/a
Interest after change	n/a

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	n/a
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011