The Reject Shop Limited : Change of Director's Interest Notice

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 THE REJECT SHOP LIMITED

ABN 33 006 122 676

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	Christopher John Bryce
Date of last notice	18 September 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 responsibl e 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) Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(2) Indirect - C & A Bryce Super Fund A/C (3) Indirect - Anna Caitlin Bryce
Date of change	17 October 2012
No. of securities held prior to change	Ordinary Shares(1) 54,275 (2) 17,900 (3) 50,012 Unquoted Performance Rights (1) 99,400
Class	Unquoted Performance Rights
Number acquired	(1) 35,600
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	NIL

+ See chapter 19 for defined terms.

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Appendix 3Y Change of Director's Interest Notice

No. of securities held after change

Ordinary Shares(1) 54,275 (2) 17,900 (3) 50,012 Unquoted Performance Rights (1) 135,000

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

Issuance of 35,600 Performance Rights in accordance with the terms and conditions of The Reject Shop Performance Rights Plan. Performance Rights exercisable 1/7/2016 subject to performance hurdles, with an expiry date of 18/10/2017. Mr. Bryce remains the holder of 135,000 Performance Rights as follows: Number Expiry Date 35,600 18/10/2017 27,900 18/8/2016 50,000 15/8/2016 19,000 20/10/2015 2,500*18/8/2014 135,000 *NB: An additional 2,500 of this tranche was lapsed 21 September, 2012

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

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Part 3 - +Closed period Appendix 3Y Change of Director's Interest Notice

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.

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