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	Mark Ronan
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 relevant
interest.
Date of change	27/10/2021
No. of securities held prior to change	453,688 Ordinary Shares held by Mark
	Ronan & Emily Black as trustee for The
	Ronan-Black Family Trust
	227,980 Ordinary Shares held by Mark
	Ronan
	3,118,379 Options held by Mark Ronan
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	800,000 options granted under the AdairsLimited Equity Incentive Plan as MrRonan’s FY22 long term incentive.
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No amount is payable by Mr Ronan ongrant of optionsExercise price on the 800,000 options is$3.95
No. of securities held after change	453,688 Ordinary Shares held by MarkRonan & Emily Black as trustee for TheRonan-Black Family Trust227,980 Ordinary Shares held by MarkRonan3,918,379 Options held by Mark Ronan
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 FY22long term incentive.AdairsLimitedreceivedshareholderapproval to issue the options to Mr Ronanat 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.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3