QUANTUM GRAPHITE LIMITED — Director's Dealing 2016

Nov 28, 2016

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	Bruno Ruggiero
Date of appointment	18 November 2016

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

646,642 fully paid ordinary units.

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

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.	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities	Number & class of Securities	Number & class of Securities	Number & class of Securities	Number & class of Securities	Number & class of Securities
	Nil

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	Detail of contract	Nil	Nil	Nil	Nil
	Nature of interest
	Name of registered hold	er
	(if issued securities)
	No. and class of securi	ties to which
	interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002