ADVERITAS LIMITED — Director's Dealing 2019

Dec 23, 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 ADVERITAS LIMITED ABN 88 156 377 141

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 McConnell
Date of last notice	15 October 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	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Indirect	Indirect	Indirect	Indirect
		Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.				Mrs B McConnell < McbrenInvestment A/C>– Spouse
		Date of change				19 December 2019
		No. of securities held prior to change				Mera Vale No 4 Pty Ltd–Director and Shareholder21,777,779 fully paid ordinary shares.9,527,778 quoted options, exercisable at$010 on or before 25/10/2021
						.750$0.	,000 unquot20, expiring 2	.ed options exe7/3/2022.	rcisable at
	Class
		Class				Qubef	oted options,ore 25/10/202	exercisable at1. (ASX:AV1O)	$0.10 on or

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	5,000 quoted options.
Number disposed	Nil.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.095 per option.
No. of securities held after change	Mera Vale No 4 Pty Ltd–Director and Shareholder21,777,779 fully paid ordinary shares.9,527,778 quoted options, exercisable at$0.10 on or before 25/10/2021.750,000 unquoted options exercisable at$0.20, expiring 27/3/2022.Mrs B McConnell < McbrenInvestment A/C>– Spouse5,000 quoted options, exercisable at $0.10on or before 25/10/2021.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	On-market trade.

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
Name of registered holder(if issued securities)
Date of change
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3