Boart Longyear : Appendix 3Y - Change of Director's Interest Notice - Richard Wallman

Boart Longyear Limited

ABN 49 123 052 728

ABN 49 123 052 728

26 Butler Boulevard, Burbridge Business Park

Adelaide Airport

South Australia 5950, Australia

Tel: +61 8 8375 8375 • Fax: +61 8 8375 8498

www.boartlongyear.com

11 July 2018

ASX Market Announcements Office ASX Limited

20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Appendix 3Y - Late Lodgement Notice

Please find attached is an Appendix 3Y Change of Director's Interest Notice for Mr Richard Wallman.

For the purposes of Listing Rule 18.7, Boart Longyear provides the following information:

• 1. The Appendix 3Y was lodged late due to an administrative oversight by the Company. As soon as the oversight was identified, the attached Appendix 3Y was lodged with the ASX.

• 2. Boart Longyear has the following arrangements in place under listing rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A:

  • a) the Company and its directors are aware of their obligations under the listing rules including listing rules 3.19A and 3.19B; and

  • b) in accordance with listing rule 3.19B and Guidance Note 22, Boart Longyear has entered into Disclosure of Director's Interests Agreements with each of its directors when they are appointed to the Boart Longyear Board, which are regularly reviewed and formally updated at each meeting of the Board.

3.

Boart Longyear confirms that following this incident, the Company has reviewed its processes and believes that its disclosure arrangements are adequate and are being enforced and that this was an isolated incident which does not involve any substantive breach of the ASX Listing Rules.

Yours sincerely,

Phil Mackey Company Secretary

1

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: ABN:

Boart Longyear Limited 49 123 052 728

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.

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.

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

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.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

app3y_r wallman_2018_07_11_pur.docx

01/01/2011