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	Christopher SeanDARBY
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 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	19 February 2015
No. of securities held prior to change	687,500 Shares restricted to 6 January 2016. 500,000 Unlisted Options 1 restricted to 6 January 2016.
Class	- Shares - fully paid ordinary shares. - Unlisted Options 1 - with an exercise price of $0.25 and expiry of 31 July 2016. All options are restricted to 6 January 2016. - Unlisted Options 2 - with an exercise price of $1.10 and expiry of 31 July 2017 with vesting subject to various performance hurdles.
Number acquired	4,000,000 Unlisted Options 2.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
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 1 restricted to 6 January 2016. 4,000,000 Unlisted Options 2.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue as approved by shareholders at a general meeting held on 19 February 2015.

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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• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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