WEEBIT NANO LTD — Director's Dealing 2011

May 5, 2011

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6 May 2011

Centralised Company Announcements Platform Australian Stock Exchange 10[th] floor, 20 Bond Street Sydney NSW 2000

Dear Sir,

CHANGE IN DIRECTORS INTEREST NOTICE – APPENDIX 3Y’s

Please find attached Appendix 3Y’s “Change in Director’s Interest Notice” for Radar Iron Ltd in relation to the entitlements issue completed on 2 May 2011.

Yours sincerely,

For and on behalf of Radar Iron Ltd

Phillip Wingate Company Secretary

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Appendix 3Y Change of Director’s Interest Notice

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 30/9/2001.

Name of entity RADAR IRON LTD ACN 146 455 576

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 Date of last notice	Alan TOUGH
	24 December 2010

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.	Gamma Corporation Pty Ltd (Mr Tough is a Director and has a beneficial interest.)
Date of change	2 May 2011
No. of securities held prior to change	100,000 Ordinary shares held by the following registered holders: 50,000 - Alan Tough 50,000 - Gamma Corporation Pty Ltd 500,000 Unlisted Options exercisable at 25 cents expiring on or before 30 November 2013 held by Gamma Corporation Pty Ltd. 500,000 Unlisted Options exercisable at 30 cents expiring on or before 31 May 2014 held by Gamma Corporation Pty Ltd.
Class	Listed Options exercisable at 45 cents expiring on or before 30 April 2012
Number acquired	33,334
Number disposed	Nil.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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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.	$666.68
No. of securities held after change	100,000 Ordinary shares held by the following registered holders: 50,000 - Alan Tough 50,000 - Gamma Corporation Pty Ltd 33,334 Listed Options exercisable at 55 cents expiring on or before 30 April 2012 held by the following registered holders: 16,667 - Alan Tough 16,667 - Gamma Corporation Pty Ltd 500,000 Unlisted Options exercisable at 25 cents expiring on or before 30 November 2013 held by Gamma Corporation Pty Ltd. 500,000 Unlisted Options exercisable at 30 cents expiring on or before 31 May 2014 held by Gamma Corporation Pty Ltd.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in Entitlement Issue of Options

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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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 30/9/2001.

Name of entity RADAR IRON LTD ACN 146 455 576

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	Jonathan LEA
Date of last notice	6 May 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 & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Plan B Trustees Limited Mr Lea is a beneficiary.
Date of change	2 May 2011
No. of securities held prior to change	350,000 Ordinary shares held by the following registered holders: 250,000 - Mr Jonathan Lea & Mrs Julia Gleeson Family A/C> 100,000 - Plan B Trustees Limited 1,000,000 Unlisted Options exercisable at 25 cents expiring on or before 30 November 2013 held by Mr Jonathan Lea & Mrs Julia Gleeson 1,000,000 Unlisted Options exercisable at 30 cents expiring on or before 31 May 2014 held by Mr Jonathan Lea & Mrs Julia Gleeson
Class	Listed Options exercisable at 45 cents expiring on or before 30 April 2012
Number acquired	116,668

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$2,333.36
No. of securities held after change	350,000 Ordinary shares held by the following registered holders: 250,000 - Mr Jonathan Lea & Mrs Julia Gleeson Family A/C> 100,000 - Plan B Trustees Limited 116,668 Listed Options exercisable at 45 cents expiring on or before 30 April 2012 held by the following registered holders: 83,334 - Mr Jonathan Lea & Mrs Julia Gleeson A/C> 33,334 - Plan B Trustees Limited 1,000,000 Unlisted Options exercisable at 25 cents expiring on or before 30 November 2013 held by Mr Jonathan Lea & Mrs Julia Gleeson 1,000,000 Unlisted Options exercisable at 30 cents expiring on or before 31 May 2014 held by Mr Jonathan Lea & Mrs Julia Gleeson
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in Entitlement Issue of Options

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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