QUANTUM GRAPHITE LIMITED — Director's Dealing 2015

Feb 18, 2015

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	GlenisterLAMONT
Date of last notice	18 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 relevantinterest.	Logmaor Pty Ltd and Alexcal Pty Ltd astrustee for GBSD Trust. Mr Lamont is adirector and shareholder of the companiesand a beneficiary of the trust.
Date of change	19 February 2015
No. of securities held prior to change	64,286 Shares25,000 Shares restricted to 6 January 201650,000 Listed Options
Class	-Shares - fully paid ordinary shares.
	-Listed Options - with an exerciseprice of $0.25 and expiry of 31 July2016.-Unlisted Options - with an exerciseprice of $1.10 and expiry of 31 July2017 - vested.
Number acquired	500,000 Unlisted Options
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Nil Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change 64,286 Shares 25,000 Shares restricted to 6 January 2016 50,000 Listed Options 500,000 Unlisted Options Nature of change Issue as approved by shareholders at a Example: on-market trade, off-market trade, exercise of options, general meeting held on 19 February 2015. issue of securities under dividend reinvestment plan, participation in buy-back

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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----- Start of picture text ----- Detail of contract Not ApplicableNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

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