ARAFURA RARE EARTHS LTD — Director's Dealing 2021

Aug 22, 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: Arafura Resources Ltd

ABN: 22 080 933 455

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	Gavin John Lockyer
Date of last notice	9 February 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.	Acquisition of 103,980 shares in Arafura pursuant to the Share Purchase Plan as detailed in Arafura’s ASX Announcement dated 5 July2021.
Date of change	20/08/2021
No. of securities held prior to change	The Lockyer Family Trust- 1,245,723 shares 4,750,000 unlisted options exercisable at $0.12, expiry 1/7/2022 2,500,000 unlisted performance rights expiry 22/11/2022 TONGA superfund- 1,007,003 shares
Class	Fully Paid Ordinary Shares
Number acquired	103,980 fully paid ordinary shares
Number disposed	Nil.

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$12,477.60
No. of securities held after change	The Lockyer Family Trust- 1,245,723 shares 4,750,000 unlisted options exercisable at $0.12, expiry 1/7/2022 2,500,000 unlisted performance rights expiry 22/11/2022 TONGA superfund- 1,110,983 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	Issue of 103,980 shares pursuant to Arafura’s Share Purchase Plan at $0.12 per share for a total consideration of $12,477.60.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
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