ORION EQUITIES LIMITED — Director's Dealing 2010

Oct 25, 2010

Orion Equities Limited ABN 77 000 742 843

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 30/9/2001.

Name of entity	ORION EQUITIES LIMITED (OEQ)
ABN	77 000 742 843

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	FAROOQ KHAN
Date of last notice	23 October 2006

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 therelevant interest.	Farooq Khan has a deemed relevant interest in theOEQ shares in which Queste Communications Ltd(QUE) has a relevant interest by reason of FarooqKhan having a greater than 20% voting power inQUE
Date of change	22 October 2010
No. of securities held prior to change	2,000 – held directly8,558,127 – held indirectly, by QUE
Class	Ordinary fully paid shares
Number acquired	505,026
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$219,686.31
No. of securities held after change	2,000 – held directly9,063,153–held indirectly, by QUE
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Acquisition of OEQ shares by QUE

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Orion Equities Limited ABN 77 000 742 843

Appendix 3Y Change of Director’s Interest Notice

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	Not Applicable
Nature of interest	Not Applicable
Name of registered holder(if issued securities)	Not Applicable
Date of change	Not Applicable
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	Not Applicable
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	Not Applicable
Interest after change	Not Applicable

Signature of Director:

Date: 26 October 2010

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002