QEM LIMITED — Director's Dealing 2018

Oct 18, 2018

Rule 3.19A.1

Appendix 3X

Initial 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	QEMLimited
ABN	13 167 966 770

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	David Fitch
Date of appointment	1 September 2014

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

Nil

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name ofholder &natureofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.	Number & class of Securities
DL FITCH NOMINEES PTY LTD<davidFITCHFAMILYTRUST>Director and Shareholder</david	17,506,134 fully paid ordinary shares
DLFCMS NOMINEES PTY LTDDirector and Shareholder	2,415,229 fully paid ordinary shares

+ See chapter 19 for defined terms.

DAVRAC INVESTMENTS PTYLTD Director and Shareholder	2,415,229 fully paid ordinary shares
CL FITCH PTY LTD <caelanFITCH FAMILY TRUST>Director and Shareholder</caelan	649,881 fully paid ordinary shares
ER FITCH PTY LTD <eloiseFITCH FAMILY TRUST>Director and Shareholder</eloise	500,000 fully paid ordinary shares
TOTAL	23,486,473 fully paid ordinary shares

Part 3 – 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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+ See chapter 19 for defined terms.