AKORA RESOURCES LIMITED — Director's Dealing 2022

Aug 16, 2022

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 AKORA Resources Limited

ABN 90 139 847 555

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	John Michael Madden
Date of last notice	15 August 2022

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.
Date of change	10 August 2022
No. of securities held prior to change	Direct
	662,344 ordinary shares JM Madden
	Indirect
	514,682 ordinary shares JMJW Super
	Pty Ltd
	457,000 ordinary shares JFEWoodford
Class	Grant of 750,000 options over ordinary
	shares at various exercise prices
Number acquired	-
Number disposed	-
Value/Consideration	-
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No of securities held after change	Direct 662,344 ordinary shares JM Madden Indirect 514,682 ordinary shares JMJW Super Pty Ltd 500,000 ordinary shares JFE Woodford Direct 250,000 45 cent options vesting on 17 May 2023 and expiring on 17 May 2026 250,000 55 cent options vesting on 17 May 2024 and expiring on 17 May 2026 250,000 65 cent options vesting on 17 May 2025 and expiring on 17 May 2026
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 by the board of directors of options over ordinary shares granted to JM Madden by shareholders on 17 May 2022

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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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.

01/01/2011

Appendix 3Y Page 3