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 Gazal Corporation Limited

ABN 57 004 623 474

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

Patrick Robinson

Date of last notice

15 September 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

Direct or indirect interest

Direct and Indirect Interest

Nature of indirect interest (including registered holder)

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

Titan Sydney Pty Ltd as trustee for the Robinson Super Fund of which Mr Robinson is a beneficiary

Date of change

24 March 2017

No. of securities held prior to change

Direct interest 353,552 Ordinary Shares

Class

Ordinary Shares

Number acquired

Indirect 353,482 Ordinary Shares

Number disposed

Direct 353,482 Ordinary Shares

Value/Consideration

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

$2.21

No. of securities held after change

Direct interest 70 Ordinary Shares Indirect interest 353,482 Ordinary Shares

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Nature of change

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

Off-market transfer of shares

Part 2 - Change of director's interests in contracts NA

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

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?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

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