ADHERIUM LIMITED — Director's Dealing 2019

Dec 2, 2019

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	Adherium Limited
ABN	24 605 352 510

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	Bryan William Mogridge
Date of last notice	10 July 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Issue of securities to Mogridge & Associates Limited, beneficially owned by the Director, in lieu of cash payment of Director Fees
Date of change	29 November 2019
No. of securities held prior to change	(a) Indirect interest in 1,743,082 ordinary fully paid shares. (b) Indirect interest (non-beneficial) in 10,003,149 loan-funded shares of Adherium Limited issued to Adherium ESP Trustee Limited, which holds the shares on behalf of New Zealand participants to the Company’s Employee Share Plan, and of which the director is a trustee director and trustee shareholder. (c) Indirect beneficial interest as Employee Share Plan participant in 300,000 ordinary fully paid shares.
Class	Ordinary fully paid shares
Number acquired	812,734 ordinary fully paid shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Issue in lieu of cash payment of Director Fees amounting to $22,916.63, with the approval of shareholders under listingrule 10.11
No. of securities held after change	(a) Indirect interest in 2,555,817 ordinary fully paid shares. (b) Indirect non-beneficial interest as trustee: 10,003,149 ordinary fully paid shares. (c) Indirect beneficial interest as Employee Share Plan participant in 300,000 ordinary fully paid shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue in lieu of cash payment of Director Fees amounting to $22,916.63, with the approval of shareholders under listing rule 10.11

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	Not applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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?	Not applicable
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3