QEM LIMITED — Director's Dealing 2018

Nov 4, 2018

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 30/9/2001.

Name of entity	QEM Limited
ABN	13 167 966 770

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	David Fitch
Date of last notice	19 October 2018

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	ER FITCH PTY LTD <eloise fitch<br="">FAMILY TRUST>Director and Shareholder
interest.
Date of change	2 November 2018

+ See chapter 19 for defined terms.

No. of securities held prior to change	DL FITCH NOMINEES PTY LTD <david< th=""></david<>
	FITCH FAMILY TRUST>
	Director and Shareholder
	17,506,134 fully paid ordinary shares
	DLFCMS NOMINEES PTY LTD <dlfcms< th=""></dlfcms<>
	PROPERTY TRUST>
	Director and Shareholder
	2,415,229 fully paid ordinary shares
	DAVRACINVESTMENTSPTYLTD
	Director and Shareholder
	2,415,229 fully paid ordinary shares
	CL FITCH PTY LTD <caelan fitch<="" th="">
	FAMILY TRUST>
	Director and Shareholder
	649,881 fully paid ordinary shares
	ER FITCH PTY LTD <eloise fitch<="" th="">
	FAMILY TRUST>
	Director and Shareholder
	500,000 fully paid ordinary shares
	TOTAL: 23,486,473 fully paid ordinary shares
Class	Fully Paid Ordinary Shares
Number acquired	525,000 Fully Paid Ordinary Shares
Number disposed	Nil
Value/Consideration	$99,975
Note: If consideration is non-cash, provide details
and estimated valuation

+ See chapter 19 for defined terms.

No. of securities held after change	DL FITCH NOMINEES PTY LTD <david< th=""></david<>
	FITCH FAMILY TRUST>
	Director and Shareholder
	17,506,134 fully paid ordinary shares
	DLFCMS NOMINEES PTY LTD <dlfcms< th=""></dlfcms<>
	PROPERTY TRUST>
	Director and Shareholder
	2,415,229 fully paid ordinary shares
	DAVRACINVESTMENTSPTYLTD
	Director and Shareholder
	2,415,229 fully paid ordinary shares
	CL FITCH PTY LTD <caelan fitch<="" th="">
	FAMILY TRUST>
	Director and Shareholder
	649,881 fully paid ordinary shares
	ER FITCH PTY LTD <eloise fitch<br="">FAMILY TRUST>
	Director and Shareholder
	1,025,000 fully paid ordinary shares
	TOTAL: 24,011,473 fully paid ordinary shares
Nature of change	On-market trade
Example:on-markettrade,off-markettrade,exercise of options, issue of securities under
dividend reinvestment plan, participation in buy
back

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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed

+ See chapter 19 for defined terms.

Interest acquired
Interest disposed
Value/ConsiderationNote: 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 above	No
traded during a +closed periodwhere prior written clearancewas required?
If so, was prior written clearance provided to allow the tradetoproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.