USCOM LIMITED — Director's Dealing 2014

Nov 26, 2014

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 Uscom Limited ABN 35 091 028 090

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	Robert Allan Phillips
Date of last notice	28 February 2014

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 & indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Australian Cardiac Sonography Pty Ltd as Trustee for Phillips Superannuation (sole beneficiary – Mr Phillips) (Phillips Superannuation Holding)
Date of change	17 October 2014
No. of securities held prior to change	Direct - 10,613,809 fully paid ordinary shares Indirect – 6,432,924 fully paid ordinary shares Direct – 1,000,000 unquoted options
Class	Ordinary shares Unquoted options in respect of ordinary shares
Number acquired	N/A
Number disposed	611,176 fully paid ordinary – transfer from direct to indirect holding
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct - 10,002,633 fully paid ordinary shares Direct – 1,000,000 unquoted options Indirect –7,044,100 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Transfer of 611,176 fully paid ordinary shares from Robert Allan Phillips to Phillips Superannuation Holding – no change of beneficial interest

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	Indeterminate Rights in respect of ordinary shares on a one for one basis issued to Rob Phillips on the terms and conditions approved by shareholders at the AGM 26 November 2014. Vesting dependent on performance hurdles 1 July 2018, 1 July 2019 & 1 July 2020. Nil consideration payable upon vesting. The Board may exercise its discretion to pay cash in lieu of issue of ordinary shares.
Nature of interest	Contractual interest - direct.
Name of registered holder (if issued securities)	N/A
Date of change	26 November 2014
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	N/A
Interest acquired	5,409,902 Indeterminate Rights
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil
Interest after change	5,409,902 Indeterminate Rights

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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