TECHNOLOGY ONE LIMITED — Director's Dealing 2011

Jul 26, 2011

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 Technology One Limited

ABN 84 010 487 180

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	Ronald McLean
Date of last notice	19 December 2008

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 the relevant interest.
Date of change	20/07/2011 – 26/07/2011
No. of securities held prior to change	501,000 (400,000 directly and 101,000 by Ronmac Investments Pty Ltd)
Class	Ordinary Shares
Number acquired	0
Number disposed	20/07/2011 20,000 21/07/2011 47,580 22/07/2011 165,564 25/07/2011 54,856 26/07/2011 42,000 26/07/2011 70,000 Total 400,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$429,391.38
No. of securities held after change	101,000 shares held indirectly by Ronmac Investments Pty Ltd. 0 shares held directly.
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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	The entire parcel of 400,000 shares was first offered for sale within the trading window as specified in Technology One Limited’s Trading policy. The parcel was disposed of over six (6) trades; the last two trades (26thJuly 2011) fell outside the trading window but the sale was approved in writing by the ExecutiveChairman.
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes
If prior written clearance was provided, on what date was this provided?	18 July 2011

• See chapter 19 for defined terms.

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