Adslot : Change of Director’s Interest Notice – Lowe

Name of Director

Mr Ian Lowe

Date of last notice

10 October 2014

Direct or indirect interest

1. Direct; and

2. Indirect

Nature of indirect interest (including registered holder)

(b) Ansearch Com Au Employee Share Trust

Pty

Ltd

as

trustee

for

the

Adslot

Date of change

24 December 2015

No. of securities held prior to change

1. 11,461,929 fully paid Ordinary

2. 3,000,000 fully paid Ordinary

Class

(a) Fully paid Ordinary

(b) Fully paid Ordinary

Number acquired

3,000,000 (direct)

Number disposed

3,000,000 (indirect)

Value/Consideration

No consideration paid

No. of securities held after change

1. 14,461,929 fully paid Ordinary

2. Nil

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

The escrow period for shares held by the trustee of the Adslot Employee Share Trust on Mr Lowe's behalf has finished and Mr Lowe has called these shares from the Trust.

30 Day VWAP

Right to # of

Shares

Escrow Period

$0.20

3,000,000

2 Years

$0.30

4,000,000

None

$0.40

5,000,000

None

$0.50

5,000,000

None

Detail of contract

Employment Agreement

Nature of interest

Long Term Incentive

Mr Lowe has the right to receive the following shares after the share price of the Company trades above a 30 day VWAP as per the following table:

Mr Lowe is required to remain an employee of the Company to be allocated any shares under this provision.

Name of registered holder (if issued securities)

Date of change

No change has occurred in the director's interest in contracts but for completeness the existing Nature, which remains unchanged, is included here.

No. and class of securities to which interest related prior to change

Any shares issued would rank equally with Ordinary Shares

Interest acquired

None

Interest disposed

None.

Value/Consideration

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

These issues were made pursuant to his Employment Agreement for no consideration.

Interest after change

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?

-

If prior written clearance was provided, on what date was this provided?

-