ADAIRS LIMITED — Director's Dealing 2021

Oct 31, 2021

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1 November 2021

ASX Market Announcement Office ASX Limited 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

Re: Amendment to Change of Director’s Interest Notice

We refer to the Change of Directors Interest Notice (Appendix 3Y) for Mr Michael Cherubino that was lodged with the ASX in respect of Adairs Limited (ADH) on the 29 October 2021.

We wish to advise the ASX that there was an error in ‘Part 1 – Date of last issue, No. of securities held prior to change and No. of securities held after change’ of the Appendix 3Y.

Accordingly, we now enclose the amended Appendix 3Y for Mr Michael Cherubino.

Yours faithfully

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Fay Hatzis Company Secretary

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	Michael Cherubino
Date of last notice	27/5/2021

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	27/10/2021

• 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	1,996,135 Ordinary Shares held by MichaelCherubino Investments Pty Ltd (ACN 128535 811) as trustee for the MichaelCherubino Investment Trust.62,000 Ordinary Shares held by ContessaNominees Pty Ltd (ACN 009 029 323) astrustee for Cherubino SuperannuationFund.1,525,000OptionsheldbyMichaelCherubino59,074 Ordinary Shares held by MichaelCherubino
Class	Options
Number acquired	350,000 options granted under the AdairsLimited Equity Incentive Plan as MrCherubino’s FY22 long term incentive.
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No amount is payable by Mr Cherubino ongrant of optionsExercise price on the 350,000 options is$3.95

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1,996,135 Ordinary Shares held by Michael
	Cherubino Investments Pty Ltd (ACN 128
	535 811) as trustee for the Michael
	Cherubino Investment Trust.
	62,000 Ordinary Shares held by Contessa
	Nominees Pty Ltd (ACN 009 029 323) as
	trustee for Cherubino Superannuation
	Fund.
	1,875,000OptionsheldbyMichael
	Cherubino
	59,074 Ordinary Shares held by Michael
	Cherubino
Nature of change	Issue of Options under Adairs Limited
Example: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Equity Incentive Plan as Mr Cherubino’sFY22 long term incentive.
	AdairsLimitedreceivedshareholder
	approval to issue the options to Mr
	Cherubino at the 2021 AGM on 20 October
	2021.

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

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