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 Cochlear Limited

ABN 96 002 618 073

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

Christopher Michael Smith

Date of last notice

25 August 2017

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

Nature of indirect interest (including registered holder)

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

interest.

Not applicable

Date of change

Change 1: 24 August 2017

Change 2: 25 August 2017

No. of securities held prior to change

  1. 25,937 Shares

  2. 97,197 LTI Options

  3. 15,377 LTI Performance Rights

  4. 2,787 STI Performance Rights

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Class

  1. fully paid ordinary shares in Cochlear Limited ("Shares")

  2. long term incentive options subject to performance hurdles and vesting timeframes ("LTI Options")

  3. long term incentive share rights subject to performance hurdles and vesting timeframes ("LTI Performance Rights")

  4. short term incentive share rights subject to vesting timeframes ("STI Performance Rights")

Number acquired

Nil

Number disposed

Change 1: 6,500 Shares

Change 2: 6,437 Shares

Value/Consideration

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

Change 1: $1,019,460

Change 2: $1,012,282.62

No. of securities held after change

  1. 13,000 Shares

  2. 97,197 LTI Options

  3. 15,377 LTI Performance Rights

  4. 2,787 STI Performance Rights

Nature of change

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

Change 1 and Change 2: On-market trades

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 01/01/2011

Detail of contract

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

Interest after change

Part 3 - +Closed period

Appendix 3Y Change of Director's Interest Notice

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?

Not applicable

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

Not applicable

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Cochlear Ltd. published this content on 30 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2017 07:42:04 UTC.

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