ADHERIUM LIMITED — Director's Dealing 2021

May 9, 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	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	Bruce Fielding McHarrie
Date of last notice	13 August 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	IssueofsecuritiestotheDirector’ssuperannuation fund, Anticus Pty Ltd <TheAnticus Super Fund A/C> in lieu of cashpayment of Director Fees
Date of change	7 May 2021
No. of securities held prior to change	(a) Direct interest in 300,000 ordinary fullypaid shares(b) Indirect interest in 1,477,587 ordinary fullypaid shares through Anticus Pty Ltd <TheAnticus Super Fund A/C>
Class	Ordinary fully paid shares
Number acquired	1,083,705 ordinary fully paid shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Issue in lieu of cash payment of Director feesof $25,000 for the period 1 October 2020 to 31March 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 after change (a) Direct interest in 300,000 ordinary fully paid shares (b) Indirect interest in 2,561,292 ordinary fully paid shares through Anticus Pty Ltd <The Anticus Super Fund A/C> Nature of change Issue in lieu of cash payment of Director Fees Example: on-market trade, off-market trade, exercise of options, amounting to $25,000 with the approval of issue of securities under dividend reinvestment plan, participation in buy-back 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.

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----- Start of picture text ----- Detail of contract Not applicableNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

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----- Start of picture text ----- Were the interests in the securities or contracts detailed Noabove traded during a [+] closed period where prior writtenclearance was required?If so, was prior written clearance provided to allow the trade Not applicableto proceed during this period?If prior written clearance was provided, on what date was this Not applicableprovided?----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011