QUANTUM GRAPHITE LIMITED — Director's Dealing 2014

Nov 2, 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	30 May 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.

ar - ange o recors reevan In the case of a trust, this includes interes Note: In the case of a company interests which	ar - ange o recors reevan In the case of a trust, this includes interes Note: In the case of a company interests which	neress n secures ts in the trust made available by the responsible entity of the trust come within paragraph (i) of the definition of “notifiable interest of a director” should	neress n secures ts in the trust made available by the responsible entity of the trust come within paragraph (i) of the definition of “notifiable interest of a director” should	neress n secures ts in the trust made available by the responsible entity of the trust come within paragraph (i) of the definition of “notifiable interest of a director” should
, be disclosed in this part. Direct or indirect interest
	Direct or indirect interest		Indirect
	Nature of indirect interest (including registered holder) N Pid dil f h i i	i i h l	Crallan Pty Ltd as trustee for The Van Trust. Mr Darby is a director and shareh	Wyk older st.
	ote: rove etas o te crcumstances g interest.	ng rse to te reevant	of the trustee and a beneficiary of the tru
	Date of change		31 October 2014
	No. of securities held prior to chan	ge	687,500 Shares restricted to 6 January 2 500,000 Unlisted Options (vested) restr	016. icted sted) to 6
			to 6 January 2016. 1000000 Unlisted Options (unve
			,, restricted to 6 January 2016.
			1,375,000 Performance Rights restricted January 2016.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Cl	ass				1. Shares - fu 2. Unlisted O		lly paid o ptions -		rdinary s with an	hares. exercis		e y s e
						price of $0 2016 with performanc restricted t		.25 and vesting e hurdle 6 Janu		expiry o subject t s. All o r 2016	f 31 Jul o variou ptions ar
										y	.
							3. Performanc performanc performanc	e e e	Rig rights	hts – subject	unliste to variou		d s
									hurdle	s. All	righ	ts ar	e
							restricted to		6 Janu	ary 2016	.
	N	umber acqui	red			N	il
	N	umber dispo	sed			6 5	7,500 Performan 00,000 Unlisted O	c pt	e Right ions	s
	Va No
		lue/Conside te: If consider	ration ation is no	n-cash, provide details an	d estimated	N	l
	val	uation
	N												.
		. of securiti	es held a	fter change		6	7,500 Shares res	tr	icted t	6 Janu	ary	016
						5 to	00,000 Unlisted O 6 January 2016	p	tions (	vested)	res	tricte	d
							.
						5 re	0,000 Unliste stricted to 6 Janu	ar	Opti y 2016	ons ( .	unv	este	)
						6	87,500 Performanc		e Rights restricte			d to 6
						Ja	nuary 2016.
	Nature of change Examle: on-market trade			off-market trade exercise	of otions	L O	apse of Performan tions - erforma		ce Rights and U ce hurdle and v			nlisted estin
	p , issue of securities under divid buy-back			, end reinvestment plan, par	p, ticipation in	co	p p nditions not met.					g

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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	No
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.

01/01/2011 Appendix 3Y Page 3