Magnetic Resources NlASX: MAU

Change of Director's Interest Notice - G Sakalidis

· Issued by Magnetic Resources Nl
Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

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 MAGNETIC RESOURCES NL

ABN 34 121 370 232

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

George Sakalidis

Date of last notice

20 March 2017

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

2 - 4 May 2017

No. of securities held prior to change GEORGE SAKALIDIS

LEEMAN PTY LTD

Mr George Sakalidis & Jacqueline Sakalidis (Sakalidis Super Fund A/C)

1,017,839 fully paid ordinary shares 958,114 partly paid contributory shares

1,500,000 options to acquire fully paid ordinary shares exercisable on or before 31.12.2017 at $0.17 each.

2,998,560 fully paid ordinary shares 77,666 partly paid contributory shares

422,138 fully paid ordinary shares 2,040,333 partly paid contributory shares

Class

Ordinary Shares

Number acquired

GEORGE SAKALIDIS

87,777 shares

Number disposed

N/a

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

GEORGE SAKALIDIS

$8,338.82

No. of securities held after change GEORGE SAKALIDIS

LEEMAN PTY LTD

Mr George Sakalidis & Jacqueline Sakalidis (Sakalidis Super Fund A/C)

1,105,616 fully paid ordinary shares 958,114 partly paid contributory shares

1,500,000 options to acquire fully paid ordinary shares exercisable on or before 31.12.2017 at $0.17 each.

2,998,560 fully paid ordinary shares 77,666 partly paid contributory shares

422,138 fully paid ordinary shares 2,040,333 partly paid contributory 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

On Market Purchase

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

N/a

Name of registered holder (if issued securities)

N/a

Date of change

N/a

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

N/a

Interest disposed

N/a

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

N/a

Interest after change

N/a

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