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 DANAKALI LTD ABN 56 097 904 302

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

Seamus Ian Cornelius

Date of last notice

30 November 2016

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

  1. Direct

  2. Indirect

  3. Indirect

Nature of indirect interest (including registered holder)

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

  1. Kongming Investments Ltd - Director of the Company

  2. Sino West Assets Ltd - Director of the Company

Date of change

26 May 2017

No. of securities held prior to change

Direct Holding

(a) 2,995,745 fully paid ordinary shares

(a) 1,300,000 unlisted options exercisable at $0.278, expiring on 17 November 2017

(a) 250,000 unlisted options exercisable at

$0.35, expiring on 13/05/2018

(a) 500,000 unlisted (remuneration) options at $0.405, expiring on 13/05/2018

  1. 750,000 unlisted (remuneration) options at $0.55, expiring on 4/11/2018

  2. 4,178,992 fully paid ordinary shares

  3. 1,318,309 fully paid ordinary shares

Indirect Holding

Class

Unlisted (remuneration) options exercisable at $0.94, expiring 19 May 2020

Number acquired

(a) 300,000

Number disposed

Nil

Value/Consideration

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

(a) $90,000 using the Black and Scholes Option Valuation Methodology

No. of securities held after change

Direct Holding

(a) 2,995,745 fully paid ordinary shares

(a) 1,300,000 unlisted options exercisable at $0.278, expiring on 17 November 2017

(a) 250,000 unlisted options exercisable at

$0.35, expiring on 13/05/2018

(a) 500,000 unlisted (remuneration) options at $0.405, expiring on 13/05/2018

(a) 750,000 unlisted (remuneration) options at $0.55, expiring on 4/11/2018

  1. 300,000 unlisted (remuneration) options at $0.94, expiring on 19/05/2020

  2. 4,178,992 fully paid ordinary shares

  3. 1,318,309 fully paid ordinary shares

Indirect Holding

Nature of change

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

(a) Issue of unlisted (remuneration) options as approved by shareholders at the Annual General Meeting held 19 May 2017.

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

N/A

Name of registered holder (if issued securities)

N/A

Date of change

N/A

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

N/A

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

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

N/A

Interest after change

N/A

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

Danakali Ltd. published this content on 26 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 May 2017 08:05:35 UTC.

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