ARC FUNDS LIMITED — Director's Dealing 2021

Jan 24, 2021

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Australian Rural Capital Limited

Change in Director’s Interest Notice

Australian Rural Capital Limited (ASX: ARC) attaches a Change in Director’s interest Notice.

The notice covers the expiration of unquoted options on 31 December 2020 and options that were quoted but expired on 31 August 2020, with late lodgement due to an administrative oversight.

The Company is satisfied that it has the necessary reporting policies in place to comply with its disclosure obligations under Listing Rules 3.19A and 3.19B and the late lodgement of the Appendix 3Y attached is an isolated incident.

This release has been approved by the Executive Chairman of Australian Rural Capital Limited.

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James A Jackson Executive Chairman 25 January 2021

For Further Details contact:

James Jackson, Executive Chairman Mobile: 0402435762 Email: james.jackson@ruralcapital.com.au

Australian Rural Capital Limited

ABN 52 001 746 710

c/- Broadley Rees Hogan, Level 24, 111 Eagle Street, BRISBANE QLD 4000 GPO Box 635 BRISBANE QLD 4001 phone: (07) 3223 9170

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 Australian Rural Capital Limited ABN 52 001 746 710

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	James Andrew Jackson
Date of last notice	14 November 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 & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	James Andrew Jackson Mistover Pty Ltd Federal Pacific Holdings Pty Ltd
Date of change	31 December 2020
No. of securities held prior to change	2,708,690 Ordinary Shares 1,500,266 Quoted Options 450,000 Unquoted Options (Vested) 100,000 Unquoted Options (Not vested)
Class	Quoted Options Unquoted Options (Vested) Unquoted Options (Not vested)
Number acquired	-
Number disposed	1,500,266 Quoted Options 450,000 Unquoted Options (Vested)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/a
No. of securities held after change	2,708,690 Ordinary Shares 100,000 Unquoted Options (Not vested)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Expiration of Options 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

Were the interests in the securities or contracts N/a detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/a the trade to proceed during this period? If prior written clearance was provided, on what N/a date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011