ADVERITAS LIMITED — Director's Dealing 2021

Jan 21, 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	Mathew James Ratty
Date of last notice	30 October 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	20 January 2021

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	MC Management Group Pty Ltd 15,197,862 fully paid ordinary shares. 2,250,000 quoted options exercisable at $0.10 on or before 25/10/2021. MC Management Group Pty Ltd **MC Master A/C> 2,582,682 fully paid ordinary shares. 1,749,092 quoted options exercisable at $0.10 on or before 25/10/2021. Mathew James Ratty **Trust> 1,250,000 fully paid ordinary shares (voluntarily escrowed to 4/9/21). 2,000,000 fully paid ordinary shares (voluntarily escrowed to 30/10/21). 12,500,000 performancerights.
Class	Fully paid ordinary shares
Number acquired	500,000 fully paid ordinary shares (voluntarilyescrowed to 20/1/2022).
Number disposed	500,000 performance rights (vested into fully paid ordinary shares escrowed to 20/1/2022).
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil cash consideration. Issued on vesting of 500,000 performance rights on achievement of performance milestone (Tranche 3 of performance rights issued on 22 September 2020 as approved by shareholders at a General Meeting of shareholders held on 11 September 2020).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

MC Management Group Pty Ltd 15,197,862 fully paid ordinary shares. 2,250,000 quoted options exercisable at $0.10 on or before 25/10/2021. MC Management Group Pty Ltd **MC Master A/C> 2,582,682 fully paid ordinary shares. 1,749,092 quoted options exercisable at $0.10 on or before 25/10/2021. Mathew James Ratty **Trust> 500,000 fully paid ordinary shares (voluntarily escrowed to 20/1/22). 1,250,000 fully paid ordinary shares (voluntarily escrowed to 4/9/21). 2,000,000 fully paid ordinary shares (voluntarily escrowed to 30/10/21). 12,000,000 performance rights.

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 of 500,000 fully paid ordinary shares on vesting of 500,000 performance rights following achievement of performance milestone.

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 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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