PRO-PAC PACKAGING LIMITED — Director's Dealing 2016

Feb 22, 2016

Pro-Pac Packaging Limited ACN 112 971 874

23 February 2016

The Compliance Officer

ASX Compliance Pty Ltd

20 Bridge Street

Sydney 2000

Dear Sir / Madam

Late lodgement of Appendix 3Y

On 24 September 2015 Pro Pac Packaging Limited (Company) issued shares under its Dividend Reinvestment Plan to those shareholders who elected to participate, including to Equitas Nominees Pty Ltd, a related party to Mr Ahmed Fahour, a director of the Company.

ASX Listing Rule 3.19A requires an Appendix 3Y to be lodged within 5 business days of the shares in the Company being issued to Mr Fahour and his related party.

In accordance with ASX Listing Rule 3.19B, the Company has adequate arrangements in place with its directors which are enforced to ensure that the Company is able to meet its disclosure obligations under ASX Listing Rule 3.19A.

In this particular instance however, the Company was advised of the share issues to Mr Fahour's related party, Equitas Nominees Pty Ltd but due to an administrative oversight an Appendix 3Y was not issued within the prescribed time period. Further measures have now been put in place to avoid a repeat occurrence.

Yours sincerely,

Mark Saus Company Secretary.

Appendix 3Y

Rule 3.19A.2

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	PRO-PAC PACKAGING LIMITED
ABN	36 112 971 874

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	Ahmed Fahour
Date of last notice	27 June 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 relevantinterest.	Related party: Equitas Nominees Pty Ltd
Date of change	24 September 2015
No. of securities held prior to change	10,000,000
Class	Ordinary
Number acquired	360,576
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$149,999.62
No. of securities held after change	10,360,576
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of securities under the Dividend ReinvestmentPlan.

+ 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
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to changeNote: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior writtenclearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.