ORORA LIMITED — Director's Dealing 2018

Aug 22, 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	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	20 April 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	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Kaben Nominees Pty Ltd ATF the Garrard Family Trust (MrGarrard is a Director and shareholder of the Trustee Companyand a beneficiary of the trust)Garrard Family Super Fund Pty Ltd ATF Garrard FamilySuperannuation Fund (Mr Nigel & Mrs Catherine Ann Garrard areDirectors and shareholders of the Trustee Company andbeneficiaries of the Fund)Mr S Garrard – Mr Nigel Garrard has an indirect interest in theshares held on behalf of Mr S Garrard.
Date of change	16 August – 22 August 2018
No. of securities held prior to change	1. 3,879,891 Shares2. 2,143,993 Rights3. 5,954,000 Options
Class	1. Fully paid ordinary shares2. Rights3. Options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	1. 1,856,118 – Shares
Number disposed	1. 1,856,118 – Shares
	2. 739,500 – Rights
	3. 1,116,618 - Options
Value/Consideration	739,500 Shares acquired at nil
Note: If consideration is non-cash, providedetails and estimated valuation	1,116,618 Shares acquired at $1.22 per share240,000 Shares sold at $3.45
	1,434,713 Shares sold at $3.46 per share
	181,405 Shares sold at $3.47 per share
No. Of securities held after change	1. 3,879,891 Shares
	2. 1,404,493 Rights
	3. 4,837,382 Options
Nature of change	1,750,000 Options, with an exercise price of $1.22 per Option,
Example: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in	and 739,500 Share Rights issued to Mr Garrard in October 2014under Orora’s Ltd’s Long Term Incentive Plan, vested.
buy-back
	1,116,618 of those Options were exercised and the resulting
	Shares sold on market.
	The 739,500 Share Rights automatically converted to Shares and
	were sold on market.
	As a result, Mr Garrard’s overall holding of Ordinary Shares
	remains unchanged.

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.

Appendix 3Y Page 2

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 orcontracts detailed above traded duringa+closed period where prior writtenclearance was required?	No
If so, was prior written clearanceprovided to allow the trade to proceedduring 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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