MAGNETITE MINES LIMITED. — Director's Dealing 2017

Dec 3, 2017

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	MAGNETITE MINES LIMITED
ABN	34 108 102 432

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	Peter James Schubert
Date of last notice	29/08/2017

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	BOTH DIRECT AND INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Relevant interests arise by virtue of the power to controlthe voting rights attached to the securities of the entities.
Date of change	1/12/2017
No. of securities held prior to changeThe Schubert Family AccountThe Schubert Super Fund No 2 Account	15,225,000ordinary shares.10,000,000Unquoted options exercisable at 2 centseach on or before 30 November 2021.5,966,129ordinary shares.
Class	Unquoted options exercisable at 5 cents each on orbefore 30 November 2022.
Number acquiredThe Schubert Family Account	10,000,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	-
Value/Consideration	The options	were issued for no consideration.
Note: If consideration is non-cash, provide details and
estimated valuation
No. of securities held after change
The Schubert Family Account	15,225,000	ordinary shares.
	10,000,000	Unquoted options exercisable at 2 cents
		each on or before 30 November 2021.
	10,000,000	Unquoted options exercisable at 5 cents
		each on or before 30 November 2022.
The Schubert Super Fund No 2 Account	5,966,129	ordinary shares.
Nature of change
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Issue of Director options approved by shareholders atAnnual General Meeting.

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	Not applicable.
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
	-
Value/Consideration
Note: If consideration is non-cash, providedetails and an estimated valuation	-

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change -

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No.
If so, was prior written clearance provided to allow the trade toproceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

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