SRG : Change of Director's Interest Notice - Macgeorge

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. Amended 01/01/11

Name of entity SRG Limited ABN 57 006 413 574

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 David Macgeorge
Date of last notice	13th January 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.
Date of change	7th September 2017

No. of securities held prior to change	616,000 fully paid ordinary shares 500,000 unlisted options with an exercise price of $0.835 each 2,550,000 performance rights, comprised of: 250,000 performance rights for the performance period between 1 July 2016 and 30 June 2017 250,000 performance rights for the performance period between 1 July 2017 and 30 June 2018 350,000 performance rights for the performance period between 1 July 2018 and 30 June 2019 350,000 performance rights for the performance period between 1 July 2019 and 30 June 2020 350,000 performance rights for the performance period between 1 July 2020 and 30 June 2021 500,000 performance rights vesting 1 July 2019 500,000 performance rights vesting 1 July 2021
Class	Fully paid ordinary shares
Number acquired	243,294
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

No. of securities held after change

Held by the Macgeorge Family Trust: 366,000 fully paid ordinary shares Held directly: 493,294 fully paid ordinary shares 500,000 unlisted options with an exercise price of $0.835 each 2,300,000 performance rights, comprised of: 250,000 performance rights for the performance period between 1 July 2017 and 30 June 2018 350,000 performance rights for the performance period between 1 July 2018 and 30 June 2019 350,000 performance rights for the performance period between 1 July 2019 and 30 June 2020 350,000 performance rights for the performance period between 1 July 2020 and 30 June 2021 500,000 performance rights vesting 1 July 2019 500,000 performance rights vesting 1 July 2021 These Performance Rights are subject to specific performance conditions and will not vest into shares until their respective performance conditions are met.

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

Exercise of performance rights

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