QUANTUM GRAPHITE LIMITED — Director's Dealing 2014

Dec 9, 2014

Appendix 3X Initial Director’s Interest Notice

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	Valence Industries Limited
ABN	41 008 101 979

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	Ian DavidPATTISON
Date of appointment	10 December 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

None

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

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 of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Chimaera Capital Limited Investments Pty Ltd A/C> Chimaera Capital Limited ATF AEP No 3 Testamentary Trust\ A/C> Chimaera Capital Limited and Katherine Forrest ATF Sylvan\ Superannuation Fund A/C> Chimaera Capital Limited Pty Ltd ATF Kilchurn Trust A/C> Inverarey Pty Ltd Chimaera Capital Limited Ltd ATF Pattison Superannuation Fund\ A/C> Mr Pattison has a beneficial interest in each of the entities holding securities in the company.

Number & class of Securities 150,000 Ordinary Fully Paid Shares (VXL Shares) 200,000 Quoted options with exercise price of 25 cents and expiry of 31 July 2016 (VXLO Options) 75,000 Unquoted options with exercise price of 25 cents and expiry of 31 July 2016 (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

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

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	Not applicable
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

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