KORVEST LTD — Director's Dealing 2010

Mar 15, 2010

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 30/9/2001.

Name of entity	KORVEST LTD
ABN	20 007 698 106

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	Alexander Kachellek
Date of last notice	15 September 2009

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	16 March 2010
No. of securities held prior to change	529 Ordinary shares 30,000 options expiring in January 2011
Class	Ordinary Shares
Number acquired	166
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$6.01
No. of securities held after change	695 Ordinary shares 30,000 options expiring in January 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of Issued pursuant to Korvest Ltd Employee securities under dividend reinvestment plan, participation in buy-back Share 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.

Not Applicable

Dated 16 March 2010

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002