ADAIRS LIMITED — Director's Dealing 2019

Dec 18, 2019

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 Adairs Limited ABN 50 147 375 451

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	Mark Ronan
Date of last notice	16 December 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	Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	2/11/2017
	26/10/2018
	17/12/2019
No. of securities held prior to change	681,668 Ordinary Shares held by Mark
	Ronan & Emily Black as trustee for The
	Ronan-Black Family Trust
	651,000 Options held byMark Ronan
Class	Ordinary Options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	900,000 options granted under the AdairsLimited FY2018 Equity Incentive Plan asMr Ronan’s annual long term incentive.540,000 options granted under the AdairsLimited FY2019 Equity Incentive Plan asMr Ronan’s annual long term incentive.900,000 options granted under the AdairsLimited FY2020 Equity Incentive Plan asMr Ronan’s annual long term incentive.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No amount is payable by Mr Ronan ongrant of optionsExercise price on the 900,000 optionsgranted under the FY2018 long termincentive plan is $1.75Exercise price on the 540,000 optionsgranted under the FY2019 long termincentive plan is $2.40Exercise price on the 900,000 optionsgranted under the FY2020 long termincentiveplan is$1.86
No. of securities held after change	681,668 Ordinary Shares held by MarkRonan & Emily Black as trustee for TheRonan-Black Family Trust2,991,000 Options held by Mark Ronan

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Issue of Options under Adairs LimitedEquity Incentive Plan as Mr Ronan’s longterm incentive.AdairsLimitedreceivedshareholderapproval to issue options to Mr Ronan:•in respect of Mr Ronan’s long termincentive for FY2018 on 2 November2017;•in respect of Mr Ronan’s long termincentive for FY2019 on 26 October2018; and•in respect of Mr Ronan’s long termincentive for FY2020 on 25 October2019.This Appendix 3y sets out the change in MrRonan’s interests in respect of the abovegrants of options.

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011