SPARC TECHNOLOGIES LIMITED — Director's Dealing 2012

May 24, 2012

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 Acacia Coal Limited (ASX Code: AJC) ABN 13 009 092 068

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	Gavin Peter May
Date of last notice	9 December 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Gavin May as trustee of theMay Family Superannuation Fund
Date of change	21 May 2012
No. of securities held prior to change	Direct: 1,288,462 ordinary fully paid shares: 10,000,000 options, exercise price$0.155 and expire on 10 July 2014: 10,000,000 options, exercise price$0.21 and expire on 10 July 2014Indirect: 500,000 ordinary fully paid shares
Class	Ordinary fully paid shares
Number acquired	211,538
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration
Note: If consideration is non-cash, provide details and	$6,769 (at an average price of $0.032 each)
estimated valuation
	Direct: 1,500,000 ordinary fully paid shares
	: 10,000,000 options, exercise price
	$0.155 and expire on 10 July 2014
No. of securities held after change	: 10,000,000 options, exercise price
	$0.21 and expire on 10 July 2014
	Indirect: 500,000 ordinary fully paid shares
Nature of change
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment	On-market purchase
plan, participation in buy-back

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	None
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

Were the interests in the securities or contracts No – shares purchased in accordance with detailed above traded during a[+] closed period where Securities Trading Policy prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

Appendix 3Y – 25 May 2012 GM

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011