ADVERITAS LIMITED — Director's Dealing 2021

May 16, 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 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	23 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mera Vale No 4 Pty Ltd **4 A/C>– Director and Shareholder
Date of change	11 and 13 May 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 prior to change	Mera Vale No. 1 Pty Ltd **1 Trust A/C>– Director and Shareholder 8,000,000 fully paid ordinary shares. Mera Vale No 4 Pty Ltd **4 A/C>– Director and Shareholder 49,915,035 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. 1,250,000 unquoted options exercisable at $0.15, expiring 3/7/2023. Mrs B McConnell < Mcbren Investment A/C>– Spouse 1,330,000 fully paid ordinary shares. 5,000 quoted options, exercisable at $0.10 on or before 25/10/2021. BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd - M. McConnell is a beneficiary 1,162,875 fully paid ordinary shares. Note – this shareholding was transferred off market from Avanteos Investments Limited to another indirect holding BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd A/C> since the date of the last Appendix 3Y. M. McConnell is the beneficiary of this shareholding.
Class	Fully paid ordinaryshares.
Number acquired	350,000 fully paid ordinary shares.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	200,000 shares - $0.1191 per share. 150,000 shares - $0.1074 per share.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Mera Vale No. 1 Pty Ltd **1 Trust A/C>– Director and Shareholder 8,000,000 fully paid ordinary shares. Mera Vale No 4 Pty Ltd **4 A/C>– Director and Shareholder 50,265,035 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. 1,250,000 unquoted options exercisable at $0.15, expiring 3/7/2023. Mrs B McConnell < Mcbren Investment A/C>– Spouse 1,330,000 fully paid ordinary shares. 5,000 quoted options, exercisable at $0.10 on or before 25/10/2021. BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd - M. McConnell is a beneficiary 1,162,875 fully paid ordinary 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

On market trades.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011