ADAIRS LIMITED — Director's Dealing 2024

Jan 9, 2024

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	4 May 2023

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	24/11/2023 (issue of Performance Rights)2/11/2023 (expiry of Options)
No. of securities held prior to change	557,067 Ordinary Shares held by MarkRonan & Emily Black as trustee for TheRonan-Black Family Trust227,980 Ordinary Shares held by MarkRonan3,815,000 Options held by Mark Ronan289,427 Performance Rights held by MarkRonan

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Performance Rights
Number acquired	456,250 Performance Rights granted underthe Adairs Limited Equity Incentive Planas Mr Ronan’s FY24 long term incentive.
Number disposed	900,000 Options granted under the AdairsLimited Equity Incentive Plan as MrRonan’s FY18 long term incentive whichhave expired without exercise.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No amount is payable by Mr Ronan ongrant of Performance Rights
No. of securities held after change	557,067 Ordinary Shares held by MarkRonan & Emily Black as trustee for TheRonan-Black Family Trust227,980 Ordinary Shares held by MarkRonan2,915,000 Options held by Mark Ronan745,677 Performance Rights held by MarkRonan
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Issue of Performance Rights under AdairsLimited Equity Incentive Plan as MrRonan’s FY24 long term incentive. AdairsLimited received shareholder approval toissue the options to Mr Ronan at the 2023AGM on 24 November 2023.Expiry without exercise of Options grantedunder the Adairs Limited Equity IncentivePlan as Mr Ronan’s FY18 long termincentive.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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