ORORA LIMITED — Director's Dealing 2017

Oct 22, 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	ORORA LIMITED
ABN	55 004 275 165

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	NIGEL DAVID GARRARD
Date of last notice	6 October 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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Kaben Nominees Pty Ltd ATF the Garrard Family Trust (Mr Garrard is a Director and shareholder of the Trustee Company and a beneficiary of the trust) Garrard Family Super Fund Pty Ltd ATF Garrard Family Superannuation Fund (Mr Nigel & Mrs Catherine Ann Garrard are Directors and shareholders of the Trustee Company and beneficiaries of the Fund) Mr S Garrard – Mr Nigel Garrard has an indirect interest in the shares held on behalf of Mr S Garrard.
Date of change	16, 17, 18 and 20 October 2017
No. of securities held prior to change	1. 5,808,200 Shares 2. 1,682,464 Rights 3. 4,649,000 Options
Class	1. Fully paid ordinary shares 2. Rights 3. Options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	1. 100 – Shares 2. 461,529 – Rights 3. 1,305,000 - Options
Number disposed	1. 1,928,596 – Shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	100 shares acquired at $3.1443 per share 129,280 shares sold at $3.2708 per share 1,799,316 shares sold at $3.2850 per share 1,305,000 Options allocated with an exercise price of $2.86 per Option 461,529 Rights allocated with a nil exerciseprice
No. Of securities held after change	1. 3,879,704 Shares 2. 2,143,993 Rights 3. 5,954,000 Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On 16 October, 100 shares were allotted to Mr S Garrard under Orora’s Dividend Reinvestment Plan. On 17 and 18 October, 1,928,596 shares were sold on market. On 20 October, Mr Garrard was allocated 119,529 Rights (held as a direct interest) under Orora Ltd’s Short Term Incentive Plan as approved by Shareholders at Orora Ltd’s 2016 Annual General Meeting. Also on 20 October, Mr Garrard was granted 1,305,000 Options and 342,000 Rights (held as a direct interest) under the Long Term Incentive Plan as approved by Shareholders at Orora Ltd’s 2017 Annual General Meeting.

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.

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01/01/2011

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

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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