ORTHOCELL LIMITED — Director's Dealing 2017

Aug 7, 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 30/9/2001.

Name of entity Orthocell Limited ABN 57 118 897 135

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	Stewart Washer
Date of last notice	24/07/2017

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 relevantinterest.	Dr Stewart James Washer & Dr Patrizia DernaWasher <The Washer Family SuperannuationFund>(Dr Washer is a trustee and beneficiary of thesuperannuation fund)Mal Washer Nominees Pty Ltd <Mal WasherFamily A/C>(Dr Washer is a trustee and beneficiary of the trust)
Date of change	03/08/2017
No. of securities held prior to changeStewart WasherDr Stewart James Washer & Dr Patrizia DernaWasher <The Washer Family SuperannuationFund>Dr Washer is a trustee and beneficiary of thesuperannuation fund)	400,000 Unlisted Options exercisable at$0.62 on or before 24 November 2017254,417 Ordinary Shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change (cont’d)Mal Washer Nominees Pty Ltd <Mal WasherFamily A/C>Dr Washer is a trustee and beneficiary of the trust)	235,994 Ordinary Shares1,250,000 Unlisted options exercisableat $0.50 expiring 3 August 201795,842 Unlisted Warrants exercisable at$0.58 on or before 19 November 2020
Class	Unlisted options
Number acquired	-
Number disposed	1,250,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	-
No. of securities held after changeStewart WasherDr Stewart James Washer & Dr Patrizia DernaWasher <The Washer Family SuperannuationFund>Dr Washer is a trustee and beneficiary of thesuperannuation fund)Mal Washer Nominees Pty Ltd <Mal WasherFamily A/C>Dr Washer is a trustee and beneficiary of the trust)	400,000 Unlisted Options exercisable at$0.62 on or before 24 November 2017254,417 Ordinary Shares235,994 Ordinary Shares95,842 Unlisted Warrants exercisable at$0.58 on or before 19 November 2020
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Expiry of Unlisted Options

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 Closed Period

3 Closed Period
Were the interests in the securities orcontracts detailed above traded during a+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.

Appendix 3Y Page 3