MAGONTEC LIMITED — Director's Dealing 2011

Dec 4, 2011

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	MAGONTEC LIMITED
ABN	51 010 441 666

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	Nicholas William Andrews
Date of last notice	29 September 2011

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 Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	2 December 2011
No. of securities held prior to change	3,538,461 Fully Paid Ordinary Shares held indirectly via Dewberri Pty Limited as trustee for Andrews Superannuation Fund
Class	Ordinary fully paid shares
Number acquired	3,584,101
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	3,538,461 held indirectly via Dewberri Pty Limited as trustee for Andrews Superannuation Fund 3,584,101 held directly.

Nature of change Shares allotted pursuant to Resolution 8(b) Example: on-market trade, off-market trade, exercise of options, issue of approved by shareholders at the Company’s securities under dividend reinvestment plan, participation 2011 Annual General Meeting 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	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

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

Date Lodged 5 December 2011

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y