ASX / MEDIA RELEASE

16 September 2016

ASX Company Announcements Office

Re: Change of Director's Interest - RS James

Icon Energy Limited advises that the Managing Director, Mr Ray James has purchased 760,000 shares on market at a price of $0.029 per share.

Icon Energy Limited lodges the Appendix 3Y on behalf of Mr Ray James, in accordance with the requirements of ASX Listing Rules.

Dr Kevin Jih

Executive Director / CFO / Company Secretary

For more information contact Icon Energy; Corporate

Mr Raymond James Managing Director

Phone +61 7 5554 7111

E-mail investor.relations@iconenergy.com

Icon Energy Limited ABN 61 058 454 569 PO Box 2004, Broadbeach QLD 4218 Australia

P 07 5554 7111 F 07 5554 7100

www.iconenergy.com

Page 1 of 1

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 Icon Energy Limited

ABN 61 058 454 569

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 Raymond S James

Date of last notice

3 December 2014

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

Indirect

Nature of indirect interest (including registered holder)

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

NA

Date of change

15 September 2016

No. of securities held prior to change

Indirect 1 Shareholding

1,007,038

Indirect 2 Shareholding

268,690

Direct 1 Shareholding

2,781,549

Direct 2 Shareholding

15,436,378

Direct 3 Shareholding

3,750,000

Total

23,243,655

Shares held by spouse

192,860

Class

Ordinary

Number acquired

760,000

+ See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Number disposed

-

Value/Consideration

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

$22,040.00

No. of securities held after change

Indirect 1 Shareholding

1,767,038

Indirect 2 Shareholding

268,690

Direct 1 Shareholding

2,781,549

Direct 2 Shareholding

15,436,378

Direct 3 Shareholding

3,750,000

Total

24,003,655

Shares held by spouse

192,860

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

NA

Nature of interest

NA

Name of registered holder (if issued securities)

NA

Date of change

NA

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

NA

Interest acquired

NA

Interest disposed

NA

Value/Consideration

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

NA

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director's Interest Notice

Interest after change

NA

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?

NA

If prior written clearance was provided, on what date was this provided?

NA

+ See chapter 19 for defined terms.

Appendix 3Y Page 3

Icon Energy Limited published this content on 16 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 September 2016 22:48:03 UTC.

Original documenthttp://www.iconenergy.com/irm/PDF/2012/ChangeofDirectorsInterestNoticeMrRSJames

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