NORWOOD SYSTEMS LIMITED — Director's Dealing 2015

Dec 1, 2015

Appendix 3Y Change of Director’s Interest Notice

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 Norwood Systems Limited

ABN 15 062 959 540

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	Mr Michael Edwards
Date of last notice	20 January 2015

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.	Shadwick Nominees Pty Ltd (Director & Shareholder) Navigator Australia Limited (Beneficiary)
Date of change	27 November 2015
No. of securities held prior to change	Shadwick Nominees Pty Ltd 1,740,000 ordinary shares Navigator Australia Limited 2,582,976 ordinary shares
Class	Unlisted Options
Number acquired	3,000,000 Unlisted Options, exercise price of $0.173 expiring on 27 November 2018
Number disposed	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Shadwick Nominees Pty Ltd (Director & Shareholder) 1,740,000 ordinary shares 3,000,000 Unlisted Options, exercise price of $0.173, expiring on 27 November 2018 Navigator Australia Limited (Beneficiary) 2,582,976 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options as approved by shareholders at the Annual General Meeting on 27 November 2015

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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? 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.

01/01/2011 Appendix 3Y Page 3

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 Norwood Systems Limited

ABN 15 062 959 540

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	Mr Paul Ostergaard
Date of last notice	8 June 2015

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.	Ostergaard Family Trust (Trustee & beneficiary) Chillcast Pty Ltd (Director & shareholder) Ocean Broadband Ltd (Director & shareholder)
Date of change	27 November 2015

• 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 prior to change	Ostergaard Family Trust 166,548,681 Ordinary shares 35,689,003 Class A performance shares 35,689,003 Class B performance shares (all subject to escrow to 16 June 2017) Chillcast Pty Ltd 5,000,000 Ordinary shares Ocean Broadband Ltd 26,474,796 Ordinary shares 5,673,171 Class A performance shares 5,673,171 Class B performance shares (all subject to escrow to 16 June 2017)
Class	Unlisted Options
Number acquired	9,500,000 Unlisted Options, exercise price of $0.198, expiring on 27 November 2020 with a restriction on disposal until 27 November 2017 9,500,000 Unlisted Options, exercise price of $0.297, expiring on 27 November 2020 with a restriction on disposal until 27 November 2017
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Ostergaard Family Trust 166,548,681 Ordinary shares 35,689,003 Class A performance shares 35,689,003 Class B performance shares (all subject to escrow to 16 June 2017) 9,500,000 Unlisted Options, exercise price of $0.198, expiring on 27 November 2020 with a restriction on disposal until 27 November 2017 9,500,000 Unlisted Options, exercise price of $0.297, expiring on 27 November 2020 with a restriction on disposal until 27 November 2017 Chillcast Pty Ltd 5,000,000 Ordinary shares Ocean Broadband Ltd 26,474,796 Ordinary shares 5,673,171 Class A performance shares 5,673,171 Class B performance shares (all subject to escrow to 16 June 2017)

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue of Options as approved by shareholders at the Annual General Meeting held on 27 November 2015

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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? 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 4

01/01/2011

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 Norwood Systems Limited

ABN 15 062 959 540

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	Mr Amit Pau
Date of last notice	8 June 2015

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 & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Ariadne Capital Limited (Director)
Date of change	27 November 2015
No. of securities held prior to change	Ariadne Capital Limited 8,260,766 Ordinary shares 1,770,165 Class A performance shares 1,770,165 Class B performance shares (all subject to escrow to 16 June 2017)
Class	Unlisted Options
Number acquired	3,000,000 Unlisted Options, exercise price of $0.173 expiring on 27 November 2018
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• 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	Mr Amit Pau 3,000,000 Unlisted Options, exercise price of $0.173, expiring on 27 November 2018 Ariadne Capital Limited 8,260,766 Ordinary shares 1,770,165 Class A performance shares 1,770,165 Class B performance shares (all subject to escrow to 16 June 2017)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options as approved by shareholders at the Annual General Meeting held on 27 November 2015

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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? 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.

01/01/2011 Appendix 3Y Page 3