Change of Substantial Shareholding Notice - A Chaudhri & Ors

Form 604 FORM 604 NOTICE OF CHANGE OF SUBSTANTIAL SHAREHOLDER QUESTE COMMUNICATIONS LTD A.B.N. 58 081 688 164

Form 604 Corporations Act 671B

Notice of change in interests of substantial holder

1. Details of substantial holder(1)

   There was a change in the interests of the substantial holder on	2 June 2016
   The previous notice was given to the company on	15 December 2015
   The previous notice was dated	15 December 2015

2. Previous and present voting power

   The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest(3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

   Class of securities(4)	Previous notice			Present notice
   Number of securities	Person's votes	Voting power(5)	Number of securities	Person's Voting power(5)	Voting power(5)
   Ordinary Shares	7,663,781	7,663,781	25.26%	7,663,781	7,663,781	28.446%
   Partly Paid Shares	8,100,000	616,612	2.03%	5,851,956	445,480	1.653%
   	(issued at 20 cents and partly paid to 1.5225 cents each)
   TOTAL	8,280,393	27.30%	8,109,261	30.099%
   Based on QUE total voting power	30,333,928			26,941,882
   	(comprising 29,717,316 fully paid ordinary shares and 8,100,000 partly paid shares (paid to 1.5225 cent per share with 18.4775 cents per share unpaid, which is equivalent to 616,612 voting shares))			(comprising 26,496,402 fully paid ordinary shares and 5,851,956 partly paid shares (paid to 1.5225 cent per share with 18.4775 cents per share unpaid, which is equivalent to 445,480 voting shares)) (b)

   Note (a): Refer:

3. QUE ASX market announcement dated 30 May 2016: Results of Completion of Equal Access Share Buy-Back; and

4. QUE ASX market announcement dated 30 May 2016: Appendix 3F Final Buy Back Notice.

5. Changes in relevant interests

   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   Date of change	Person whose relevant interest changed	Nature of change(6)	Consideration given in relation to change(7)	Class and number of securities affected	Person's votes affected
   				Ordinary Shares
   27/5/2016	Chi Tung	Pursuant to acceptance into the QUE Equal Access Scheme Share Buy-Back(b) and cancellation of shares thereunder(a).	$10,116.19	2,248,044 partly paid shares	171,132

   Note (b): Equal access scheme share buy-back pursuant to:

   • Section 257B(2) of the Corporations Act;

   • QUE shareholder approval at a General Meeting held on 17 March 2016 - refer Information Memorandum containing the notice of AGM, explanatory statement and Independent Expert's Report dated 27 January 2016; and; and

   • QUE Share Buy-Back Offer Booklet dated 24 March 2016.

   20160603 QUE Change of Sub Shh Notice - Azhar Chaudhri and Ors

6. Present relevant interests

   Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

   Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest(6)	Number of securities	Class of securities
   The persons named in (1) above	A Chaudhri	A Chaudhri	Legal and beneficial holder of shares	1,436,001	Ordinary Shares
   	Renmuir	Renmuir	Legal and beneficial holder of shares	3,277,780	Ordinary Shares
   	Chi Tung	Chi Tung	Legal and beneficial holder of shares	2,950,000	Ordinary Shares
   	Chi Tung	Chi Tung	Legal and beneficial holder of partly paid shares	5,851,956 (representing a voting power in 445,480 shares)	Partly Paid Shares (issued at 20 cents each and partly paid to 1.5225 cent each)

7. Changes in association

   The persons who have become associates(2) of, ceased to be associates of, or have change the nature of their association(9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association
   -	-

8. Addresses

9. The addresses of persons named in this form are as follows:

   Name	Address
   Azhar Chaudhri (A Chaudhri)	175A Sarwar Road, Rawalpindi, PAKISTAN
   Renmuir Holdings Ltd (Renmuir)	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG
   Chi Tung Investments Ltd (Chi Tung)	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG

   Signature print name	AZHAR CHAUDHRI	capacity	Personally and on behalf of Renmuir and Chi Tung
   sign here		date	3 June 2016

10. If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

11. See the definition of "associate" in section 9 of the Corporations Act.

12. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act.

13. The voting shares of a company constitute one class unless divided into separate classes.

14. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

15. Include details of:

16. any relevant agreement or other circumstance because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

17. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

    See the definition of "relevant agreement" in section 9 of the Corporations Act.

18. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

19. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.