QUBE HOLDINGS LIMITED — Director's Dealing 2011

Dec 1, 2011

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 Qube Logistics Holdings Limited ACN 149 723 053

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 Sam Kaplan

Date of last notice 25 November 2011

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	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Kaplan Partners Pty Limited (deemedrelevant interest under section 608(3) ofthe Corporations Act)Kaplan Funds Management Pty Limited(deemed relevant interest under section608(3) of the Corporations Act)Kaliwest Pty Limited (deemed relevantinterest under section 608(3) of theCorporations Act)
Date of change	2 December 2011
No. of securities held prior to change	9,664,916 (Kaplan Partners)27,095,860 (Kaplan Funds Management)613,453 (Kaliwest)151,559 (Sam Kaplan)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary
Number acquired	Nil
Number disposed	562,173
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.3167 per share
No. of securities held after change	9,664,916 (Kaplan Partners)25,766,780 (Kaplan Funds Management)1,314,222 (Kaliwest)217,697 (Sam Kaplan)
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Off-market sales and transfers inconnection with service and incentivearrangements relating to Kaplan FundsManagement Pty Limited.

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	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change

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?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

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