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 30/9/2001.

Name of entity Poseidon Nickel Limited

ACN 060 525 206

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

Chris INDERMAUR

Date of last notice

05 July 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

Direct interest; and Indirect Interest

Nature of indirect interest (including registered holder)

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

Mr Christopher Charles & Mrs Rena Elizabeth Indermaur

Of which Mr Indermaur has a relevant interest in

Date of change

20 October 2016

No. of securities held prior to change

Direct Interest

1,407,439 Ordinary Shares;

250,000 Unlisted November 2016 Options;

750,000 Unlisted November 2016 Exertion Options; and 334,961 Unlisted Performance Rights

Indirect Interest

3,736,016 Ordinary shares

Class

Unlisted Performance Rights

Number acquired

Direct Interest3,174,278

Number disposed

Not Applicable

+ See chapter 19 for defined terms.

11/3/2002 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Value/Consideration

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

382,570 Rights

Deemed issue price being the VWAP for the September 2016 quarter of $0.0611.

919,629 Rights

Deemed issue price being the VWAP for the months July to September 2016 ($0.0624, $0.0672 and $0.0560)

1,872,079 Rights

Deemed issue prices being the VWAP for the months of January to June 2016 as detailed in part (b) of Resolution 7 of the 2016 Notice of Annual General Meeting.

No. of securities held after change

Direct Interest

1,407,439 Ordinary Shares;

250,000 Unlisted November 2016 Options;

750,000 Unlisted November 2016 Exertion Options; and 3,509,239 Unlisted Performance Rights

Indirect Interest

3,736,016 Ordinary 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

382,570 Unlisted Performance Rights

Issue of Unlisted Performance Rights under the terms of the Director Fee Performance Rights Plan in lieu of the September 2016 quarter Director Fees as approved by Shareholders on 12 October 2016.

919,629 Unlisted Performance Rights

Issue of Unlisted Performance Rights under the terms of the Director Fee Performance Rights Plan in satisfaction of fees for additional part duties in the absence of a CEO for July to September 2016 as approved by Shareholders on 12 October 2016.

1,872,079 Unlisted Performance Rights

Issue of Unlisted Performance Rights under the terms of the Director Fee Performance Rights Plan in satisfaction of fees for additional part duties in the absence of a CEO for the financial year ending 30 June 2016 as approved by Shareholders on 12 October 2016.

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

Not Applicable

Nature of interest

Not Applicable

Name of registered holder (if issued securities)

Not Applicable

Date of change

Not Applicable

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

Not Applicable

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

Interest acquired

Not Applicable

Interest disposed

Not Applicable

Value/Consideration

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

Not Applicable

Interest after change

Not Applicable

Part 3 - Trading Windows Appendix 3Y Change of Director's Interest Notice

Were the interests in the securities or contracts detailed above traded during a trading window where prior written clearance was required

Not Applicable

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.

11/3/2002 Appendix 3Y Page 3

Poseidon Nickel Limited published this content on 24 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2016 01:27:08 UTC.

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