QUANTUM GRAPHITE LIMITED — Director's Dealing 2014

Dec 22, 2014

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	Valence Industries Limited
ABN	41 008 101 979

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	Ian DavidPATTISON
Date of last notice	10 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.	Mr Pattison has a beneficial interest in each of the entities holding securities in the company.
Date of change	16 December 2014

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change Chimaera Capital Limited Pty Ltd A/C> Chimaera Capital Limited AEP No 3 Testamentary Trust A/C> Chimaera Capital Limited Katherine Forrest ATF Sylvan Superannuation\ Fund A/C> Chimaera Capital Limited ATF Kilchurn Trust A/C> Inverarey Pty Ltd Chimaera Capital Limited Pattison Superannuation Fund A/C>	150,000 VXL Shares 200,000 VXLO Options 75,000 Unlisted Options 1,950,000 VXL Shares 2,150,000 VXLO Options 1,075,000 Unlisted Options 1,440,000 VXL Shares 1,300,000 VXLO Options 500,000 Unlisted Options 450,000 VXL Shares 450,000 VXLO Options 225,000 Unlisted Options 160,000 VXLO Options 600,000 VXL Shares 600,000 VXLO Options
Class	VXL Shares - fully paid ordinary shares. VXLO Options - Quoted options with exercise price of 25 cents and expiry of 31 July 2016. Unlisted Options - Unquoted options with exercise price of 25 cents and expiry of 31 July 2016.
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Chimaera Capital Limited Pty Ltd A/C> Chimaera Capital Limited AEP No 3 Testamentary Trust A/C> Ian Pattison and Katherine Forrest ATF Sylvan Superannuation Fund Chimaera Capital Limited Katherine Forrest ATF Sylvan Superannuation\ Fund A/C> Chimaera Capital Limited ATF Kilchurn Trust A/C> Inverarey Pty Ltd Fuddy Pty Ltd ATF Pattison Superannuation Fund	150,000 VXL Shares 200,000 VXLO Options 75,000 Unlisted Options 1,950,000 VXL Shares 2,150,000 VXLO Options 1,075,000 Unlisted Options 1,440,000 VXL Shares 1,300,000 VXLO Options 500,000 Unlisted Options 450,000 VXL Shares 450,000 VXLO Options 225,000 Unlisted Options 160,000 VXLO Options 600,000 VXL Shares 600,000 VXLO Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Change in registered ownership. No change to beneficial ownership.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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.

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Detail of contract Not Applicable
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change
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Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed Not applicable above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

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