Change of Director's Interest 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 Resource Equipment Limited (RQL)

ABN 83 098 812 492

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

Mr Walter Eugene Naymola Jr

Date of last notice

27 January 2015

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 & Indirect

Nature of indirect interest

(including registered holder)

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

Pump Services, LLC

Date of change

27 - 30 January 2015

No. of securities held prior to change

Mr Walter Eugene Naymola Jr - 56,468,663 fully

paid ordinary shares

The following relevant interests have been acquired as a result of an on-market takeover by Pump Services, LLC (a company in which Walter Eugene Naymola Jr is the sole manager/director and sole shareholder) announced by RQL on the ASX on 18

December 2014;

(a) Pump Services, LLC - 208,959,528 fully paid ordinary shares

(b) Unknown vendors (until trades settle, Pump Services, LLC is not the registered holder of the relevant shares and its power to control votes is accordingly limited) - 2,160,848 fully paid ordinary shares

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Class

Ordinary Shares

Number acquired

84,749,137

Number disposed

Nil

Value/Consideration

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

$22,034,775.62

No. of securities held after change

Mr Walter Eugene Naymola Jr - 56,468,663 fully

paid ordinary shares

The following relevant interests have been acquired as a result of an on-market takeover by Pump Services, LLC (a company in which Walter Eugene Naymola Jr is the sole manager/director and sole shareholder) announced by RQL on the ASX on 18

December 2014;

(a) Pump Services, LLC - 213,876,230 fully paid ordinary shares

(b) Unknown vendors (until trades settle, Pump Services, LLC is not the registered holder of the relevant shares and its power to control votes is accordingly limited) - 81,993,283 fully paid 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

On market trade

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

Walter Eugene Naymola Jr may also be entitled to be issued up

to 6,632,720 fully paid ordinary shares in RQL pursuant to the earn-out provisions in the Share Sale Deed dated on or around 25

September 2014 pursuant to which RQL acquired Campbell

Mining Services Pty Ltd and RAMPS Australia Pty Ltd

Name of registered holder

(if issued securities)

Walter Eugene Naymola Jr

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

6,632,720 fully paid ordinary shares

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

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?

N/A

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

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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