ASX Announcement 16 December 2016

Directors' Interest

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

Due to the vesting of certain Performance Rights and Conditional Share Rights, Mr Wasow, Chief Executive Officer and Managing Director, has elected to sell sufficient shares to meet the tax liability which arises.

Colin Hendry

Assistant Company Secretary

16 December 2016

Alumina Limited

GPO Box 5411, Melbourne Victoria 3001 Australia

ABN 85 004 820 419

aluminalimited.com

Level 12, IBM Centre

60 City Road, Southbank Victoria 3006 Australia

tel +61 (0)3 8699 2600

fax +61 (0)3 8699 2699

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 Alumina Limited

ABN 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

Peter WASOW

Date of last notice

20 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

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

  1. Indirect (n/a)

  2. Direct

Nature of indirect interest (including registered holder)

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

n/a

Date of change

16 December 2016

No. of securities held prior to change

  1. 50,000 fully paid shares held indirectly by the Wasow Superannuation Fund of which, Mr Wasow is a beneficiary

  2. 279,838 fully paid shares held directly by Mr Wasow

Class

n/a

Number acquired

404,000 fully paid shares

Number disposed

278,000 fully paid shares

Value/Consideration

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

Nil for shares acquired

$485,813.25 in total for shares disposed

No. of securities held after change

  1. 50,000 fully paid ordinary shares indirectly held by the Wasow Superannuation Fund of which Mr Wasow is a beneficiary.

  2. 405,838 fully paid ordinary shares held directly by Mr Wasow

Nature of change

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

404,000 fully paid ordinary shares awarded directly to Mr Wasow resulting from vesting of Performance Rights under the Alumina Limited Employee Share Plan (Long-term incentive).

278,000 fully paid ordinary shares disposed of to meet the tax liability arising from certain vested Performance Rights and Conditional 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

  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. 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

Nil

Interest acquired

  1. Nil

  2. Nil

Interest disposed

  1. Nil

  2. Nil

Value/Consideration

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

  1. n/a

  2. n/a

Interest after change (1) 1,003,900 Performance Rights in Alumina

Limited granted under the Alumina Long Term Incentive Plan that are held, subject to future performance testing.

(2) 177,988 Conditional Share Rights in Alumina Limited granted under the terms of Employment Contract and held, and will vest subject to continuous employment of 18 months from grant date and are restricted from disposal until 3 years has elapsed from the grant date.

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

Alumina Limited published this content on 16 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 December 2016 00:28:11 UTC.

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