QUANTUM GRAPHITE LIMITED — Director's Dealing 2014

Nov 17, 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	Christopher SeanDARBY
Date of last notice	3 November 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.	Crallan Pty Ltd as trustee for The Van Wyk Trust. Mr Darby is a director and shareholder of the trustee and a beneficiary of the trust.
Date of change	18 November 2014
No. of securities held prior to change	687,500 Shares restricted to 6 January 2016. 500,000 Unlisted Options (vested) restricted to 6 January 2016. 500,000 Unlisted Options (unvested) restricted to 6 January 2016. 687,500 Performance Rights restricted to 6 January 2016.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	- Shares - fully paid ordinary shares. - Unlisted Options - with an exercise price of $0.25 and expiry of 31 July 2016 with vesting subject to various performance hurdles. All options are restricted to 6 January 2016. - Performance Rights – unlisted performance rights subject to various performance hurdles. All rights are restricted to 6 January 2016.
Number acquired	Nil
Number disposed	687,500 Performance Rights 500,000 Unlisted Options
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	687,500 Shares restricted to 6 January 2016. 500,000 Unlisted Options restricted to 6 January 2016.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Forfeit of Performance Rights and Unlisted Options.

• See chapter 19 for defined terms.

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01/01/2011

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.

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
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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