SIMONDS GROUP LIMITED — Director's Dealing 2015

Mar 15, 2015

16 March 2015

Simone Papas Manager, Issuers (Melbourne) ASX Limited Level 4 North Tower, Rialto 525 Collins Street MELBOURNE VIC 3000

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Dear Simone

Simonds Group Limited – Appendix 3Y (Oliver)

Simonds Group Limited advise that due to an administrative oversight, a Director share trade was not notified to the ASX within the required timeframe of five (5) business days in accordance with Listing Rule 3.19A.

Simonds Group Limited confirms that as a result of the oversight, a review of internal procedures has been undertaken, and amendments to the procedures to require a weekly review of all Director holdings has been implemented effective immediately.

Yours sincerely

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Robert Geoffrey Stubbs

Chief Financial Officer and Company Secretary

Simonds Group Limited

robert.stubbs@simonds.com.au

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 Simonds Group Limited ABN 54 143 841 801

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	Susan Oliver
Date of last notice	26thFebruary 2015

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.	Susan Oliver & Co Pty Ltd as trustee of Susan Oliver Superannuation Fund. Susan is a director of Susan Oliver & Co Pty Ltd and a beneficiary under the Susan Oliver Superannuation Fund.
Date of change	4 March 2015
No. of securities held prior to change	Nil (0)
Class	Ordinary Shares
Number acquired	17,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$28,900
No. of securities held after change	17,000

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade

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	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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written **clearance was required? **	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable