K2 ASSET MANAGEMENT HOLDINGS LTD — Director's Dealing 2012

Feb 22, 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 K2 Asset Management Holdings Ltd

ABN 59 124 636 782

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	Hollie A. S. Wight
Date of last notice	6 January 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.	Shares sold by DHC Investments Pty Ltd. Under section 608(3)(a) of the Corporations Act, Hollie Wight has a relevant interest in the shares of DHC Investments Pty Ltd by virtue of holding a voting interest of above 20% in that company.
Date of change	20, 21 and 23 February 2012
No. of securities held prior to change	DHC Investments Pty Ltd held 5,218,111 shares prior to the change.
Class	Ordinary Shares
Number acquired	Nil
Number disposed	60,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$26,400

23 February 2012

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change DHC Investments Pty Ltd now holds 5,158,111 shares. As set out in the Appendix 3Y dated 6 January 2012, Ms Wight also holds 106,325 shares as cotrustee for the DHC Superannuation Fund . As set out in the K2 Asset Management Holdings Ltd most recent Notice of change of interests of substantial holder dated 21 February 2011, Hollie Wight also is taken under section 608(1) of the Corporations Act to have a “relevant interest” in a further 179,655,841 ordinary shares held by various employees and prelisting shareholders of K2 Asset Management Holdings Ltd by reason of having:  a power to exercise, or control the exercise of, a right to vote attached to; and  a power to dispose of, or control the exercise of a power to dispose of each other’ shares. Nature of change On market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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	-
Nature of interest	-
Name of registered holder (if issued securities)	-
Date of change	-
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	-
Interest acquired	-
Interest disposed	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

Part 3 –[+] Closed period

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?	No. The trade took place within the company’s stipulated trading window.
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes The trade took place within the company’s stipulated trading window, however under the Company’s Share Trading Policy prior written clearance is required before every employee or director trades, whether during a closed period or not, and this written clearance was obtained.
If prior written clearance was provided, on what date was this provided?	13 February 2012

• See chapter 19 for defined terms.

23 February 2012

01/01/2011 Appendix 3Y Page 3