PRAEMIUM LIMITED — Director's Dealing 2011

Feb 28, 2011

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 PRAEMIUM LIMITED
ABN	74 098 405 826

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	Cathryn Nolan
Date of last notice	5 March 2010

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 interest
Nature of indirect interest(including registered holder)Note:Providedetailsofthecircumstancesgivingrise to therelevant interest.	Not applicable
Date of change	A.22December2010(relatingtoissueofsharesandperformancerightsdisclosed pursuant to Appendix3BlodgedwithASX on 20 December2010,relatingtoissueofshares/rightsinaccordancewitharesolutionofmembersattheCompany's AGM)B. 24 & 25 February 2011(relating toon market acquisition)
No. of securities held prior tochange	500,000ordinarysharesand72,000Series Three Options (exercisable at$0.78which expired 11 May 2010)
Class	Ordinary

+ See chapter 19 for defined terms.

Number acquired	300,000ordinary shares, being:
	A.260,000(issued under Employee &DirectorsBenefitsPlaninaccordance with resolution ofmembers); and
	B.40,000 purchased on market,
	and (A) 250,000 performance rights,upto125,000ofwhichmayvestsubject to achievements of KPIs inOctober 2011 and 125,000 of which mayvest subject to achievement of KPIsin October 2012.
Number disposed	No ordinary shares.72,000 optionshave expired since last Appendix 3Ywas filed.
Value/ConsiderationNote: If consideration is non-cash,provide details and estimated valuation	A. Nil –issued pursuant Employee &Directors Benefits Plan in accordancewith a resolution of shareholders atcompany's AGM on 30 November 2010;
	B.AveragePrice:27.56centspershare
No. of securities held afterchange	800,000ordinary shares and 250,000performance rights.
Nature of changeExample: on-market trade, off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	A. Acquisition of shares pursuant toEmployee & Directors Share planandapprovedbytheCompany'smembers;and
	B. On Market acquisition

+ See chapter 19 for defined terms.

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	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issuedsecurities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	No.
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.