NORWOOD SYSTEMS LIMITED — Director's Dealing 2017

Jul 6, 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 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	13 June 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	1. OstergaardFamilyTrust(Trustee&Beneficiary)2. OceanBroadbandLtd(DirectorandShareholder)3. NetwealthInvestmentsLimited<WrapServices a/c> (Chill Cast Super Fund a/c)(beneficiary)4. Chillcast Super Fund Pty Ltd <Chillcast SuperFund A/C> (beneficiary)
Date of change	3 July 2017

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	1. Ostergaard Family Trust169,048,681 Ordinary Shares35,689,003 Class A Performance Shares35,689,003 Class B Performance shares9,500,000 Unlisted options, exercise price of$0.198, expiring on 27 November 2020 witha restriction on disposal until 27 November2017.9,500,000 Unlisted options, exercise price of$0.297, expiring on 27 November 2020 witha restriction on disposal until 27 November2017.2. Ocean Broadband Ltd26,474,796 Ordinary shares5,673,171 Class A Performance Shares5,673,171 Class B Performance Shares3. NetwealthInvestmentsLimited<WrapServices a/c> (Chill Cast Super Fund a/c)2,500,000 ordinary shares4. Chillcast Super Fund Pty Ltd <Chillcast SuperFund A/C>5,000,000
Class	Ordinary shares
Number acquired	Nil - Off market transfer of shares from ChillcastSuper Fund Pty Ltd <Chillcast Super Fund A/C>toNetwealth Investments Limited <Wrap Servicesa/c> (Chill Cast Super Fund a/c), in accordancewith the Company’s Security Trading Policy.
Number disposed	Nil - Off market transfer of shares from ChillcastSuper Fund Pty Ltd <Chillcast Super Fund A/C>toNetwealth Investments Limited <Wrap Servicesa/c> (Chill Cast Super Fund a/c), in accordancewith the Company’s Security Trading Policy.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil consideration paid.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

1. Ostergaard Family Trust169,048,681 Ordinary Shares35,689,003 Class A Performance Shares35,689,003 Class B Performance shares9,500,000 Unlisted options, exercise price of$0.198, expiring on 27 November 2020 witha restriction on disposal until 27 November2017.9,500,000 Unlisted options, exercise price of$0.297, expiring on 27 November 2020 witha restriction on disposal until 27 November2017.2. Ocean Broadband Ltd26,474,796 Ordinary shares5,673,171 Class A Performance Shares5,673,171 Class B Performance Shares3. NetwealthInvestmentsLimited<WrapServices a/c> (Chill Cast Super Fund)7,500,000 ordinary shares4. Chillcast Super Fund Pty Ltd <Chillcast SuperFund A/C>Nil

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back

Off market transfer of shares from Chillcast SuperFund Pty Ltd <Chillcast Super Fund A/C>toNetwealth Investments Limited <Wrap Servicesa/c> (Chill Cast Super Fund a/c), in accordancewith the Company’s Security Trading Policy.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade n/a to proceed during this period? If prior written clearance was provided, on what date was this n/a provided?

• See chapter 19 for defined terms.

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