MARMOTA LIMITED — Director's Dealing 2017

Feb 5, 2017

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

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 MARMOTA LIMITED ABN 38 119 270 816

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	DR COLIN ROSE
Date of last notice	13/10/2016

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 DIRECTNature of indirect interest HELD BY DR COLIN ROSE(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change 03/02/2017No. of securities held prior to change Held by Dr Colin Rose56,118,737 ordinary sharesHeld by Mathstatica Pty Ltd (as owner anddirector)851,316 ordinary sharesClass Fully Paid Ordinary SharesNumber acquired 854,527Number disposed N/AValue/Consideration $19,006Note: If consideration is non-cash, provide details and estimated valuation----- 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

No. of securities held after change	Held by Dr Colin Rose56,973,264 ordinary sharesHeld by Mathstatica Pty Ltd (as owner anddirector)851,316 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities underdividendreinvestment plan, participation inbuy-back	On market trade

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 interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- 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 to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011