SERVICE STREAM LIMITED — Director's Dealing 2016

Sep 5, 2016

ASX & MEDIA RELEASE 6 September 2016

Appendix 3Y – Change of Director's Interest Notice

Service Stream Limited (SSM) provides the attached Appendix 3Y – Change of Director's Interest Notice, with respect to changes in the relevant interests in Service Stream securities, held by the Managing Director, Mr Leigh Mackender.

The sale of ordinary shares by Mr Mackender was undertaken to provide for personal taxation payments to the Australian Taxation Office, and the acquisition relates to the exercise of vested Performance Rights issued under the FY14 Tranche of the Company's Long Term Incentive Plan.

Mr Mackender continues to be a significant Service Stream shareholder with a personal shareholding of 1,549,499 SSM ordinary shares and 1,000,000 performance rights.

For further details contact:

Service Stream Limited Service Stream Limited Tel: +61 3 9937 6350 Tel: +61 3 9677 8806

Bob Grant, Chief Financial Officer Vicki Letcher, Company Secretary

About Service Stream Limited:

Service Stream is a public company listed on the Australian Securities Exchange (Code: SSM). The Service Stream Group is a provider of essential network services to the telecommunications, energy and water industries. Service Stream operates out of more than 40 locations nationwide and maintains a workforce of around 1,500 employees and up to 3,000 active contractors. For more information please visit www.servicestream.com.au.

Appendix 3Y

Rule 3.19A.2

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: SERVICE STREAM LIMITED
ABN: 46 072 369 870

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	Leigh Geoffrey Mackender
Date of last notice	18 August 2016

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
Nature of direct interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Acquisition and disposal of shares by Leigh GeoffreyMackender
Date of change	1-6 September 2016
No. of securities held prior to change	2,136,221 (by Leigh Geoffrey Mackender)
Class	Ordinary Fully Paid Shares
Number acquired	413,278
Number disposed	1,000,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Consideration for the acquisition of 413,278 isnon-cash, estimated value is ~$434k calculatedusing the closing share price on 6 September2016 being 1.05c.Disposal of 1,000,000 shares was at ~1.01c pershare
No. of securities held after change	1,549,499

+ See chapter 19 for defined terms.

Nature of change		Exercise of vested Performance Rights issued
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back		under the FY14 Tranche of the Company'sLong Term Incentive Plan.Sale of shares to fund an impending taxobligation.

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	NIL
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts	No
detailed above traded during a +closed periodwhere prior written clearance was required?
If so, was prior written clearance provided to allowthe trade to proceed during this period?	N/A
If prior written clearance was provided, on whatdate was this provided?	N/A

+ See chapter 19 for defined terms.