Papyrus Australia : ASX Announcement - Change of Director's Interest

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	PAPYRUS AUSTRALIA LTD
ABN	63 110 868 409

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 Edward Byrt
Date of last notice	11 September 2014

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.	(a) Stroud Nominees Pty Ltd as Trustee for the Byrt Super Fund (Mr Byrt is a director of the trustee and beneficiary of the super fund) (b) Mrs Kathryn Mary Byrt (spouse)
Date of change	19 December 2017
No. of securities held prior to change	(a) 16,656,597 Fully Paid Shares 1,000,000 Unlisted Options with an exercise price of $0.035 and an exercise date of 15 December 2016 1,000,000 Unlisted Options with an exercise price of $0.05 and an exercise date of 15 December 2016 (b) 140,000 Ordinary Fully Paid Shares

+ See chapter 19 for defined terms.

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Appendix 3Y

Change of Director's Interest Notice

Class	Ordinary Fully Paid Shares
Number acquired	6,392,884 Ordinary fully Paid Shares 4,392,884 Unlisted Options
Number disposed	2,000,000 Unlisted Options - Lapsed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	AU$63,929
No. of securities held after change	(a) 23,049,481 Ordinary Fully Paid Shares 4,392,884 Unlisted Options with an exercise price of $0.01 and an expiry date of 28 November 2019 (b) 140,000 Ordinary Fully Paid 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	Off market transfer

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

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Interest after change

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

+ See chapter 19 for defined terms.

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