Axiom Properties Limited : Appendix 3Y – Change of Director’s Interest Notice

6 June 2012

Appendix 3Y - Change of Director's Interest Notice

Attached is Appendix 3Y - Change of Director's Interest Notice on behalf of

Mr Ben Laurance, Director.

Issued by: Edita Nuic

Company Secretary [phone] www.axiompl.com.au

Appendix 3Y 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 AXIOM PROPERTIES LIMITED

ABN 40 009 063 834

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	Benjamin Peter Laurance
Date of last notice	29 May 2012

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.	Director, controller and beneficiary of Beejayel Pty Ltd
Date of changes	4 June 2012
No. of securities held prior to change	Ordinary Fully Paid Shares: 49,641,834 - Startrend Investments Pty Ltd 6,085,001 - Beejayel Pty Ltd Superannuation Fund a/c> Performance Rights: 2,000,000 - Beejayel Pty Ltd Superannuation Fund a/c>
Class	Fully Paid Ordinary Shares Performance Rights
Number acquired	7,091 Fully Paid Ordinary Shares
Number disposed	Nil

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director's Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$198.55
No. of securities held after change	Ordinary Fully Paid Shares: 49,641,834 - Startrend Investments Pty Ltd 6,092,092 - Beejayel Pty Ltd Superannuation Fund a/c> Performance Rights: 2,000,000 - Beejayel Pty Ltd Superannuation Fund a/c>
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
Nature of interest
Name of registered holder (if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

+ See chapter 19 for defined terms.

Appendix 3Y Page 3

Appendix 3Y Change of Director's Interest Notice

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

+ See chapter 19 for defined terms.

Appendix 3Y Page 4