ALS LIMITED — Director's Dealing 2020

Jul 7, 2020

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 ALS Limited (Company) ABN 92 009 657 489

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	Raj NARAN
Date of last notice	16 July 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 and indirect	Direct and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Harsha Naran - Ability toinfluence sale.
Date of change	1 July 2020
No. of securities held prior to change	Direct47,173 ordinary shares88,136 ordinary shares (held under theterms of the Company’s LTI Plan)220,735PerformanceRights(includesgrants made under the terms of theCompany’s LTI Plan in 2017 and 2018)Indirect15,000 ordinary shares (held by HarshaNaran )
Class	a) Performance Rightsb) Service Rightsc) Ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	a) 123,359 Performance Rights (approvedat the Company's 2019 AGM)b) 30,658 Service Rights (deferred equityissued as per the Company's STI Planand which vest in July 2021)c) 87,289 ordinary shares (acquired onvesting of Performance Rights grantedpreviously under the Company's LTIPlan)
Number disposed	117,010 Performance Rights (29,721 lapsedand 87,289 vested)
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Acquireda) Nil as per the Company's LTI Plan(valued at $870,913 - $7.06 perPerformance Right)b) Nil as per the Company's STI Plan(valued at $216,445.48 - $7.06 perService Right)c) Nil as per the Company's LTI Plan(Estimated value based on the numberof Performance Rights which vested, atthe closing price of ordinary shares onthe day of vesting, i.e. 87,289 @ $6.67 =$582,217.63)Disposed (lapse of Performance Rights)NilDisposed (vesting of Performance Rights)Estimated value based on the number ofPerformance Rights which vested, at theclosing price of ordinary shares on the dayofvesting,i.e.87,289@$6.67=$582,217.63

• 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	Direct47,173 ordinary shares175,425 ordinary shares (held under theterms of the Company’s LTI Plan)227,084PerformanceRights(includesgrants made under the terms of theCompany’s LTI Plan in 2018 and 2019)30,658 Service RightsIndirect15,000 ordinary shares (held by HarshaNaran )
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Acquireda) Grant of Performance Rights followingshareholder approval at the Company's2019 AGMb) Grant of Service Rights under theCompany's STI Planc) Acquisition of ordinary shares on vestingofPerformanceRightsgrantedpreviously under the Company's LTI PlanDisposedLapse or vesting of Performance Rightsgranted previously under the Company's LTIPlan

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

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.

Appendix 3Y Page 4

01/01/2011