PACIFIC RESOURCES LIMITED — Director's Dealing 2016

Dec 7, 2016

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 COALBANK LIMITED ABN 20 075 877 075 Date 8 December 2016

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	ANTHONY WAI‐LUN CHAN
Date of last notice	29 November 2013

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.	Mr Chan is a Director and Shareholder ofLoyal Strategic Investment Ltd, theholding company of Treasure WheelGlobal Limited, which is the registeredholder of the shares.
Date of change	8 December 2016
No. of securities held prior to change	531,906,361
Class	Ordinary Shares
Number acquired	133,333,333
Number disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$2,000,000 – face value of convertiblenote
No. of securities held after change	665,239,694

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Conversion of $2m Convertible Note into Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in Shares approved by Shareholders at the buy‐back Annual General Meeting held on 30 November 2016.

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	One $1.9m Convertible Note issued followingshareholder approval at the Annual GeneralMeeting held on 30 November 2016. The Note has aterm of 24 months and is convertible into shares ata price per share of 10 day VWAP x 0.915 at the timeof conversion.
Nature of interest	Mr Chan is a Director and Shareholder of LoyalStrategic Investment Ltd, the holding company ofTreasure Wheel Global Limited, which is theregistered holder of the Convertible Note.
Name of registered holder(if issued securities)	Treasure Wheel Global Limited
Date of change	8 December 2016
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	Nil
Interest acquired	1 Convertible Note
Interest disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	$1.9m
Interest after change	1 Convertible Note

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? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011