ADAIRS LIMITED — Director's Dealing 2020

Feb 25, 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 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	Trent Peterson
Date of last notice	27 June 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	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	DIRECT: Shares held in the name of Trent Peterson INDIRECT: Register holder is Lazy Investments Pty Ltd (ACN 137 410 596) as trustee for the Trent Peterson Family Trust. Trent Peterson is a shareholder of the registered holder INDIRECT: Shareholdings through Catalyst Buyout Fund 2A Pty Ltd and Catalyst Buyout Fund 2B PtyLtd
Date of change	26 February 2020

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	610,000 fully paid ordinary shares held by Trent Peterson 545,334 fully paid ordinary shares held by Lazy Investments Pty Ltd (ACN 137 410 596) as trustee for the Trent Peterson Family Trust 9,202,794 fully paid ordinary shares held by Catalyst Buyout Fund 2A Pty Ltd (ACN 126 936 703) as trustee for Catalyst Buyout Trust 2A 9,202,794 fully paid ordinary shares held by Catalyst Buyout Fund 2B Pty Ltd (ACN 126 936 712) as trustee for Catalyst Buyout Trust 2B
Class	Fully paid ordinary shares
Number acquired	Nil
Number disposed	18,405,588
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$47,302,361.16 ($2.57 per share)
No. of securities held after change	610,000 fully paid ordinary shares held by Trent Peterson 545,334 fully paid ordinary shares held by Lazy Investments Pty Ltd (ACN 137 410 596) as trustee for the Trent Peterson Family Trust
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market trade by Catalyst Buyout Fund 2A Pty Ltd (ACN 126 936 703) as trustee for Catalyst Buyout Trust 2A and Catalyst Buyout Fund 2B Pty Ltd (ACN 126 936 712) as trustee for Catalyst Buyout Trust 2B pursuant to an underwritten block 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	N/A
Nature of interest	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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?	N/A
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