QUESTE COMMUNICATIONS LIMITED — Major Shareholding Notification 2014

Nov 19, 2014

Form 604

Corporations Act

671B

Notice of change in interests of substantial holder

To: Company

Name/Scheme: QUESTE COMMUNICATIONS LTD (QUE)

ACN/ARSN 081 688 164

1. Details of substantial holder(1)

name FAROOQ KHAN

and associated company: Island Australia Pty Ltd (A.C.N. 073 447 300)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 19 November 2014.

The previous notice was given to the company on 23 January 2014.

The previous notice was dated 23 January 2014.

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest(3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of	Previous notice		Present notice
securities(4)	Person's votes	Voting power(5)	Person's votes	Voting power(5)
Ordinary Shares	5,954,944	20.837%	5,899,944	19.998%
Voting power isbased on QUE'stotal votingshares	28,578,566 total voting shares comprising27,817,316 fully paid ordinary shares and 761,250voting shares attributable to 10,000,000 partly paidshares (paid to 1.5225 cents with 18.4775 centsper share outstanding) (a)		29,502,441 total voting shares comprising28,817,316 fully paid ordinary shares and685,125 voting shares attributable to 9,000,000partly paid shares (paid to 1.5225 cents with18.4775 cents per share outstanding) (a)

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature of change(6)	Consideration given inrelation to change(7)	Class and number ofsecurities affected	Person's votesaffected
19 November2014	Farooq Khan andIsland	Sale of shares (offmarket) by Farooq Khan	$5,500.00	(55,000)	(55,000)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevantinterest	Registered holderof securities	Person entitled to beregistered as holder(8)	Nature of relevant interest(6)	Class andnumber ofsecurities	Person's votes
Farooq Khan	Farooq Khan	Farooq Khan	Registered holder of shares inQUE	2,231,367	OrdinaryShares
Farooq Khan	Island	Island	Taken under section 608(3)(b)of the Corporations Act tohave a relevant interest inshares in QUE held by Island,by reason of Farooq Khanhaving control of Island	3,668,577	OrdinaryShares
TOTALS				5,899,944

5. Changes in association

The persons who have become associates(2) of, ceased to be associates of, or have change the nature of their association(9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Farooq Khan	c/- Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005
Island Australia Pty Ltd (A.C.N. 073 447 300) (Island)	c/- Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005

Signature

print name	Farooq Khan	capacity	Personally and as Directorof Island
sign here		date	20 November2014

DIRECTIONS

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:
  • (a) any relevant agreement or other circumstance because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

(1) If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act.