AQUIRIAN LIMITED — Director's Dealing 2021

Dec 30, 2021

31[st] December 2021 ASX Announcement

Change of Directors Interests

Aquirian Limited ( ASX: AQN ) ( ‘Aquirian’ or the ‘Company’ ) wishes to advise that the share purchases covered under the attached 3Y’s for Bruce McFadzean Non-Executive Chairman and David Kelly Managing Director relate to shares which were and continue to be held in voluntary escrow with the Company. These shares were sold by the seller for personal reasons.

The voluntary escrow arrangements entered by the Non-Executive Chairman and Managing Director are identical to the previous terms held by the seller as set out below:

Restriction Period	Restricted Securities
The Quotation Date (27 July 2021) to the 12-month anniversaryof theQuotation Date(27 July2022)	150,000(15%)
The Quotation Date (27 July 2021) to the 18-month anniversaryof theQuotation Date(27 January2023)	350,000(35%)
The Quotation Date (27 July 2021) to the 24-month anniversaryof theQuotation Date(27 July2023)	500,000(50%)

-ENDS-

This announcement has been approved for release by the Managing Director of the Company

Investor Enquiries Media Enquiries David Kelly Russell Quinn Aquirian Limited Citadel-MAGNUS david.kelly@aquirian.com rquinn@citadelmagnus.com +61 8 6370 5400 +61 (0)403 322 097

About Aquirian

Aquirian is an emerging specialist mining services company providing people, equipment and innovative products that support mining clients across their operations.

The Company has a strong national and international presence with reputable, in-house capabilities and, through its extensive, in-depth relationships built up over many years of working in mining services locally and globally, it has attracted and maintained a long-term, tier-one client base. It provides specialised People Services (training, labour, recruitment) under the Modular Training and TBS Workforce brands, and Mining Services (equipment leasing, drill and blast products) under the TBS Mining Solutions and MagLok brands to the mining and resources, and civil and defence sectors in Australia and internationally.

AQUIRIAN LIMITED (ASX: AQN) Level 3, 190 St. Georges Terrace Perth WA 6000

1

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 30/9/2001.

Name of entity	AQUIRIAN LIMITED
ABN	23 634 457 506

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	Mr Bruce McFadzean
Date of last notice	17 November 2021

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.	Tardisforme Pty Ltd SUPER FUND A/C>
Date of change	30 December 2021
No. of securities held prior to change	240,345 Ordinary Shares
Class	Ordinary Shares
Number acquired	500,000 Ordinary Shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$100,000
No. of securities held after change	740,345 Ordinary Shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Off-Market purchase Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

Part 3 –[+] Closed Period

Part 3 –+Closed Period
Were the interest in the securities or contracts detailed above trading 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

Date of Notice: 31 December 2021

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

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 30/9/2001.

Name of entity	AQUIRIAN LIMITED
ABN	23 634 457 506

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	Mr David Kelly
Date of last notice	16 November 2021

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.	Oldhand Nominees Pty Ltd Super Fund A/C> controlled by Mr David Kelly
Date of change	30 December 2021
No. of securities held prior to change	6,483,551 Ordinary Shares
Class	Ordinary Shares
Number acquired	500,000 Ordinary Shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$100,000
No. of securities held after change	6,983,551 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	Off-Market purchase

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed Period

Part 3 –+Closed Period
Were the interest in the securities or contracts detailed above trading 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

Date of Notice: 31 December 2021

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002