Alumina : Change in Directors Interest

ASX Announcement

5 January 2018

Directors' Interest

Please find attached, for immediate release, a public announcement concerning Directors' interests.

Colin Hendry

Assistant Company Secretary

5 January 2018

Alumina Limited	Level 12, IBM Centre
GPO Box 5411, Melbourne	60 City Road, Southbank
Victoria 3001 Australia	Victoria 3006 Australia
ABN 85 004 820 419	tel [phone]
aluminalimited.com	fax [phone]

Change of Director's Interest Notice

Appendix 3Y

Change of Director's Interest Notice

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 ABN

Alumina Limited 85 004 820 419

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	Michael Peter FERRARO
Date of last notice	14 June 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	n/a
Date of change	n/a
No. of securities held prior to change	68,000 fully paid ordinary shares indirectly held
Class	Ordinary fully paid
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	n/a
No. of securities held after change	68,000 fully paid ordinary shares indirectly held

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

n/a

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	(1) Performance Rights granted under Alumina Long Term Incentive Plan, subject to shareholder approval. (2)Conditional Share Rights granted under terms of Employment Contract
Nature of interest	(1)Performance Rights granted under Alumina Long Term Incentive Plan, subject to shareholder approval. (2) Conditional Share Rights granted under terms of Employment Contract
Name of registered holder (if issued securities)	N/A
Date of change	(1) N/A (2) 5 January 2018
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	Nil
Interest acquired	(1) Nil (2) 169,268 Conditional Share Rights
Interest disposed	(1) Nil (2) Nil
Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation	(1) N/A (2) Mr Ferraro has been granted 169,268 Conditional Share Rights under the terms of his Employment Contract.

Change of Director's Interest Notice

Interest after change

(1) 141,900 Performance Rights in Alumina Limited granted under the Alumina Long Term Incentive Plan that are held, subject to future performance testing. (2)Conditional Share Rights in Alumina Limited granted under the terms of Employment Contract and will transfer after 12 months from the grant date for 122,164 rights granted in June 2017 and 169,268 rights granted in January 2018 and are restricted from disposal until three years has elapsed from the date of the relevant grant of share rights.

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

Rule 3.19A.2