SPENDA LIMITED — Director's Dealing 2019

Jan 7, 2019

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: CIRRALTOLIMITED
ACN:	099 084 143

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	Marcus L'ESTRANGE
Date of last notice	15 January 2018

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)	Raptor Global Corporation Ltd
Note: Provide details of the circumstances giving rise to the relevantinterest.	Marcus L'Estrange and MargaretL'Estrange ATF Cowrie SuperannuationFund
	Mr L'Estrange is a director of Raptor GlobalCorporation Ltd and a joint trustee and abeneficiary of Cowrie Superannuation Fund
Date of change	2January 2019
No. of securities held prior to change	34,383,111 Shares(Raptor Global)30,500 Shares(Cowrie Super)
	4,212,742Options
Class	Fully paid ordinary shares (Shares)
Number acquired	Nil
Number disposed	5,666,667Shares

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$85,000
No. of securities held after change	28,716,444Shares(Raptor Global)30,500 Shares(Cowrie Super)4,212,742Options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Shares sold off-market

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
which interest related prior to
change
Note: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 – +Closed period

+ See chapter 19 for defined terms.

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere priorwritten clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?
If prior written clearance was provided, on what datewas this provided?

+ See chapter 19 for defined terms.