NORWOOD SYSTEMS LIMITED — Director's Dealing 2018

Jun 14, 2018

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	16 May 2018

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)
Date of change	15 June 2018

• 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	Ostergaard Family Trust1. 158,798,681 Ordinary Shares2. 35,689,003 Class B Performance shares3. 9,500,000 Unlisted options, exercise price of$0.198, expiring on 27 November 20204. 9,500,000 Unlisted options, exercise price of$0.297, expiring on 27 November 20205. 2,500,000 unlisted options ($0.023, 15December 2020)6. 2,500,000 unlisted options ($0.028, 15December 2020)Ocean Broadband Ltd1. 26,474,796 Ordinary shares2. 5,673,171 Class B Performance SharesNetwealth Investments Limited <Wrap Servicesa/c> (Chill Cast Super Fund a/c)1. 16,450,000 ordinary shares
Class	Ordinary Shares & Class B Performance Shares
Number acquired	Ostergaard Family Trust1. 2 ordinary sharesOcean Broadband Ltd1. 2 ordinary shares
Number disposed	Ostergaard Family Trust1. 35,689,003 Class B Performance SharesOcean Broadband Ltd1. 5,673,171 Class B Performance Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil – ordinary shares issued on expiry andconversion of Performance Shares
No. of securities held after change	Ostergaard Family Trust1. 158,798,683 Ordinary Shares2. 9,500,000 Unlisted options, exercise price of$0.198, expiring on 27 November 20203. 9,500,000 Unlisted options, exercise price of$0.297, expiring on 27 November 20204. 2,500,000 unlisted options ($0.023, 15December 2020)5. 2,500,000 unlisted options ($0.028, 15December 2020)Ocean Broadband Ltd1. 26,474,798 Ordinary sharesNetwealth Investments Limited <Wrap Servicesa/c> (Chill Cast Super Fund a/c)1. 16,450,000 ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Ordinary shares issued on expiry and conversionof Performance Shares.

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

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3