25.01.12 — Appendix 3Y - Change of Directors 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 30/9/2001.

Name of entity Structural Monitoring Systems plc

ARBN 106 307 322

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 Toby Robert Chandler
Date of last notice	30 August 2011

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.	The securities are held by ABN Amro Clearing Sydney Nominees Pty Ltd as nominee, and beneficially owned by Mr Toby Chandler.
Date of change	23 January 2012
No. of securities held prior to change (post consolidation)	2,103,518 CDI's (SMN)
Class	Chess Depositary Interests (SMN)
Number acquired	450,000 CDI's
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$32,250
No. of securities held after change	2,553,518 CDI's (SMN)
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 Purchase

+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice 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

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

+ See chapter 19 for defined terms.
Appendix 3Y Page 2 11/3/2002