ADAIRS LIMITED — Director's Dealing 2021

Oct 28, 2021

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	17 November 2020

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 relevantinterest.
Date of change	27/10/2021
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.1584,074OptionsheldbyMichaelCherubino
Class	Options

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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
No. of securities held after 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.1,934,074OptionsheldbyMichaelCherubino
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 Cherubino’sFY22 long term incentive.AdairsLimitedreceivedshareholderapproval to issue the options to MrCherubino at the 2021 AGM on 20 October2021.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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.

01/01/2011 Appendix 3Y Page 3