IPH LIMITED — Director's Dealing 2016

Aug 21, 2016

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	entityIPH 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.

Name of Director	Robin Low
Date of last notice	29 February 2016

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.

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----- Start of picture text ----- Direct or indirect interest (a) Direct(b) IndirectNature of indirect interest (a) N/A(including registered holder) (b) Power to exercise or control the exerciseNote: Provide details of the circumstances giving rise to the relevant of the right to vote or dispose of sharesinterest. held by RJL Super Pty Limited (ACN 600237 536) as trustee for the Low SuperFundDate of change (a) N/A(b) 22 August 2016No. of securities held prior to change (a) 7,937(b) 52,102Class (a) Fully paid ordinary shares(b) Fully paid ordinary sharesNumber acquired (a) Nil(b) 965Number disposed (a) Nil(b) NilValue/Consideration (a) N/ANote: If consideration is non­cash, provide details and estimated (b) $5,326.80valuationNo. of securities held after change (a) 7,937(b) 53,067----- End of picture text -----

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change (a) N/A Example: on­market trade, off­market trade, exercise of options, (b) On-market trade issue of securities under dividend reinvestment plan, participation in buy­back

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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----- Start of picture text ----- Detail of contract N/ANature of interest N/AName of registered holder N/A(if issued securities)Date of change N/ANo. and class of securities to which N/Ainterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non­cash, provide detailsand an estimated valuationInterest after change N/A----- End of picture text -----

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? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011