Appendix 3Y Change of Director's Interest Notice 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 Kagara Ltd

ABN 36 008 988 583

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

Mr Kim Robinson

Date of last notice

27 October 2009

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 and Indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

A) Landilo Pty Ltd

B) K & JA Robinson ATF Robinson Super

Fund

Date of change

28th and 29th December 2011

No. of securities held prior to change

23,110,881

Class

Ordinary Fully Paid

Number acquired

Nil

Number disposed

5,080,099

Value/Consideration

Note: If consideration is non

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