XREF LIMITED — Director's Dealing 2019

Feb 4, 2019

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 Xref Limited (ASX:XF1) ABN 34 122 404 666

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	Timothy Lloyd Mahony
Date of last notice	20 January2016 (Appendix 3X)

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) Note: Provide details of the circumstances giving rise to the relevant interest.	Tim Mahony & Jacki Pervan Timothy Lloyd Mahony & Jackie Tadranka Pervan Biatan Pty Ltd Timothy Lloyd Mahony holds 99 of the 100 shares in Biatan Pty Ltd and he is a beneficiary of the trust FamilyA/C>.
Date of change	31 January 2019
No. of securities held prior to change	1,000,000 fully paid ordinary shares held under Tim Mahony & Jacki Pervan 650,000 fully paid ordinary shares held under Biatan Pty Ltd Family A/C> 900,000 options, with an exercise price of A$0.23 and an expiry date of 1 February 2019, with shares to be issued to Timothy Lloyd Mahony or his nominee.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Fully paid ordinary shares
Number acquired	900,000 shares
Number disposed	900,000 options
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$207,000, being an exercise price of A$0.23
No. of securities held after change	1,000,000 fully paid ordinary shares held under Tim Mahony & Jacki Pervan 650,000 fully paid ordinary shares held under Biatan Pty Ltd Family A/C> 900,000 fully paid ordinary shares held under Timothy Lloyd Mahony & Jackie Tadranka Pervan Super Fund A/C>
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 900,000 options, with an exercise price of A$0.23.

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

1. Were the interests in the securities or contracts detailed above traded Yes during a[+] closed period where prior written clearance was required? Yes – Board If so, was prior written clearance provided to allow the trade to proceed approved and during this period? minuted 22 January 2019 If prior written clearance was provided, on what date was this provided? Board meeting

2. See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011