IPH LIMITED — Director's Dealing 2015

Dec 28, 2015

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	IPH Limited
ABN	46 169 015 838

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	John Atkin
Date of last notice	19 November 2014

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 or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	(a) Indirect(b) Indirect	(a) Indirect(b) Indirect	(a) Indirect(b) Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.					(a) Power to exercise or control the exerciseof the right to vote or dispose of theshares held by Maialee Pty Limited (ACN003 025 572) as trustee for the AtkinHaddrick Family Super Fund(b) Power to exercise or control the exerciseof the right to vote or dispose of theshares held by Bond Street CustodiansLimited as nominee for Maialee PtyLimited (ACN 003 025 572) as trustee forthe Atkin Haddrick Family Super Fund
	Date of ch	ange				(a) N/A
						(b)29 Dec	ember 2015
	No. of sec	urities he	ld prior to change			(a) 23,809(b) 71,429
	Class					(a) Fully pa	id ordinary share	s
						(b)Fully pa	id ordinaryshare	s
	Number a	cquired				(a) Nil
						(b)2,054
	Number di	sposed				(a) Nil
						(b)Nil
+ See chapt		er 19 for	efined terms.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	(a) Nil(b) $14,994.20
No. of securities held after change	(a) 23,809(b)73,483
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	(a) N/A(b) Participation in share purchase plan

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

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?	No
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.

Appendix 3Y Page 2

01/01/2011