ACROW LIMITED — Director's Dealing 2020

Apr 2, 2020

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

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	Acrow Formwork and Construction Services Limited
ABN	36 124 893 465

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	Steven Boland
Date of last notice	26 March 2019

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.	11 Belgravia Pty Ltd ATF A and S Super Fund Maryville Pty Ltd ATF Boland Family Trust
Date of change	31 March 2020
No. of securities held prior to change	1,302,000 fully paid ordinary shares 510,000 fully paid ordinary shares (loan funded shares issued under the Company’s LTIP) 340,000 unlisted options (exercisable at $0.20 per option, expires on 27 March 2021) 2,550,000 unlisted performance rights (expires on 27 March 2020 if unvested at the time)
Class	Fully paid ordinary shares and unlisted performance rights
Number acquired	2,550,000 fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	2,550,000 unlisted performance rights
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$nil
No. of securities held after change	3,852,000 fully paid ordinary shares 510,000 fully paid ordinary shares (loan funded shares issued under the Company’s LTIP) 340,000 unlisted and unvested options (exercisable at $0.20 per option, expires on 27 March 2021)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Exercise of performance rights which vested on 27 March 2020.

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
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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.

01/01/2011

Appendix 3Y Page 3