PAINCHEK LTD — Director's Dealing 2015

Nov 11, 2015

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 MinQuest Limited

ABN 21 146 035 127

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	Paul Clement Niardone
Date of last notice	11 December 2014

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 relevant interest.	(a) Trindis Pty Ltd (Director and shareholder). (b) Paul Clement Niardone & Andrea Janet Niardone (P&A Niardone S/F A/c). (Trustee and beneficiary).
Date of change	6 November 2015
No. of securities held prior to change	(a) 3,570,722 fully paid ordinary shares (b) 50,000 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	(a) 2,525,253 fully paid ordinary shares (b) Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.
No. of securities held after change	(a) 6,095,975 fully paid ordinary shares (b) 50,000 fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Deferred Consideration Shares issued for non Example: on-market trade, off-market trade, cash consideration of $0.03 per share in exercise of options, issue of securities under accordance with the terms of the Oresearch dividend reinvestment plan, participation in Acquisition Agreement as approved by buy-back Shareholders at the General Meeting held on 29 September 2014.

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		Pursuant to the Agreement between MinQuest Limited and Oresearch Limited, Consideration Shares and Deferred Consideration Shares will be issued to shareholders of Oresearch Limited subject to MinQuest shareholder approval, and subject to relevant milestone events. The quantity and terms are disclosed in Schedule 1 of the Notice of Extraordinary General Meeting lodged on 29 August 2014 at which the requisite shareholder approval was obtained. Mr Niardone is a shareholder of Oresearch Limited.
Nature of interest		Mr Niardone is a shareholder of Oresearch Limited and pursuant to the Agreement between MinQuest and Oresearch, Trindis Pty Ltd is to be issued the following Initial and Additional Consideration Shares and Deferred Consideration Shares,: Consideration Shares • 1,1,22,340 Initial Consideration Shares (already issued and included in previous notice dated 2 October 2014); • 561,162 Additional Consideration Shares (already issued and included in previous notice dated 2 October 2014). Deferred Consideration Shares • 1,122,340 Tranche 1 Deferred Consideration Shares (already issued and included in previous notice dated 30 September 2014 and 50% disclosed as acquired in Part 1 above); • 561,162 Tranche 2 Deferred Consideration Shares (already issued and included in previous notice dated 30 September 2014 and 50% disclosed as acquired in Part 1 above); • 1,122,340 Tranche 3 Deferred Consideration Shares (included in securities acquired in Part 1 above); • 561,162 Tranche 4 Deferred Consideration Shares (included in securities acquired in Part 1 above).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities)	Trindis Pty Ltd of which Mr Niardone is a Director and a shareholder
Date of change	6 November 2015
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	5,050,506 fully paid ordinary shares
Interest acquired	Nil
Interest disposed	Entitlement to receive 5,050,506 fully paid ordinary shares disposed through the issue of those shares to Trindis Pty Ltd by the Company on 30 September 2014 and 6 November 2015.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.
Interest after change	Nil All Consideration and Deferred Consideration shares to be issued to Trindis Pty Ltd pursuant to the Oresearch Agreement have been issued by the Company.

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.

01/01/2011 Appendix 3Y Page 3

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	MinQuest Limited
ABN	21 146 035 127

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	Adam Stuart Davey
Date of last notice	2 October 2014

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Not applicable
Date of change	6 November 2015
No. of securities held prior to change	1,212,120 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	1,212,120 fully paid ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.
No. of securities held after change	2,424,240 fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Deferred Consideration Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.

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		Pursuant to the Agreement between MinQuest Limited and Oresearch Limited, Consideration Shares and Deferred Consideration Shares will be issued to shareholders of Oresearch Limited subject to MinQuest shareholder approval, and subject to relevant milestone events. The quantity and terms are disclosed in Schedule 1 of the Notice of Extraordinary General Meeting lodged on 29 August 2014 at which the requisite shareholder approval was obtained. Mr Davey is a shareholder of Oresearch Limited.
Nature of interest		Mr Davey is a shareholder of Oresearch Limited and pursuant to the Agreement between MinQuest and Oresearch, Mr Davey is to be issued the following Initial and Additional Consideration Shares and Deferred Consideration Shares,: Consideration Shares • 538,723 Initial Consideration Shares (already issued and included in previous notice dated 2 October 2014); • 269,357 Additional Consideration Shares (already issued and included in previous notice dated 2 October 2014). Deferred Consideration Shares • 538,723 Tranche 1 Deferred Consideration Shares (already issued and included in previous notice dated 30 September 2014 and 50% disclosed as acquired in Part 1 above); • 269,357 Tranche 2 Deferred Consideration Shares (already issued and included in previous notice dated 30 September 2014 and 50% disclosed as acquired in Part 1 above); • 538,723 Tranche 3 Deferred Consideration Shares (included in securities acquired in Part 1 above); • 269,357 Tranche 4 Deferred Consideration Shares (included in securities acquired in Part 1 above).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities)	Adam Davey
Date of change	6 November 2015
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	2,424,240 fully paid ordinary shares
Interest acquired	Nil
Interest disposed	Entitlement to receive 2,424,240 fully paid ordinary shares disposed through the issue of those shares to Mr Davey by the Company on 30 September 2014 and 6 November 2015.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.
Interest after change	Nil All Consideration and Deferred Consideration shares to be issued to Mr Davey pursuant to the Oresearch Agreement have been issued by the Company.

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	MinQuest Limited
ABN	21 146 035 127

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	Jeremy James Read
Date of last notice	2 October 2014

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/a
Date of change	6 November 2015
No. of securities held prior to change	2,525,253 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	2,525,253 fully paid ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.
No. of securities held after change	5,050,506 fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Deferred Consideration Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.

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		Pursuant to the Agreement between MinQuest Limited and Oresearch Limited, Consideration Shares and Deferred Consideration Shares will be issued to shareholders of Oresearch Limited subject to MinQuest shareholder approval, and subject to relevant milestone events. The quantity and terms are disclosed in Schedule 1 of the Notice of Extraordinary General Meeting lodged on 29 August 2014 at which the requisite shareholder approval was obtained. Mr Read is a shareholder of Oresearch Limited.
Nature of interest		Mr Read is a shareholder of Oresearch Limited and pursuant to the Agreement between MinQuest and Oresearch, Mr Read is to be issued the following Initial and Additional Consideration Shares and Deferred Consideration Shares,: Consideration Shares • 1,1,22,340 Initial Consideration Shares (already issued and included in previous notice dated 2 October 2014); • 561,162 Additional Consideration Shares (already issued and included in previous notice dated 2 October 2014). Deferred Consideration Shares • 1,122,340 Tranche 1 Deferred Consideration Shares (already issued and included in previous notice dated 30 September 2014 and 50% disclosed as acquired in Part 1 above); • 561,162 Tranche 2 Deferred Consideration Shares (already issued and included in previous notice dated 30 September 2014 and 50% disclosed as acquired in Part 1 above); • 1,122,340 Tranche 3 Deferred Consideration Shares (included in securities acquired in Part 1 above); • 561,162 Tranche 4 Deferred Consideration Shares (included in securities acquired in Part 1 above).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities)	Jeremy James Read
Date of change	6 November 2015
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	5,050,506 fully paid ordinary shares
Interest acquired	Nil
Interest disposed	Entitlement to receive 5,050,506 fully paid ordinary shares disposed through the issue of those shares to Mr Read by the Company on 30 September 2014 and 6 November 2015.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Shares issued for non cash consideration of $0.03 per share in accordance with the terms of the Oresearch Acquisition Agreement as approved by Shareholders at the General Meeting held on 29 September 2014.
Interest after change	Nil All Consideration and Deferred Consideration shares to be issued to Mr Read pursuant to the Oresearch Agreement have been issued by the Company.

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3